573 Nebraska, Long Beach, CA 90802
- $1,392,000
- 8
- BD
- 7
- BA
Listing courtesy of Listing Agent: Anthony Walker (310-561-4776) from Listing Office: Buckingham Investments, Inc.
Selling Office: Sage Real Estate Group, Inc..- Sold Price
- $1,392,000
- List Price
- $1,395,000
- Status
- CLOSED
- Closing Date
- Nov 07, 2025
- MLS#
- SB25232214
- Subtype
- Residential Income
- Bedrooms
- 8
- Bathrooms
- 7
- Lot Size
- 7,387
- Acres
- 0.17
- Subdivision
- Downtown (Dt)
- Neighborhood
- Downtown (Dt)
Property Description
Huge 1960's construction 4 unit in 5 blocks to the beach with all townhome style units. Extra large owner's unit currently configured as 2 beds and 2 baths, but originally 3 beds with primary suites. Three other large two story 2 bedroom units, one with 1 bath, and two with 2 baths. 2 out of 4 units recently remodeled with vinyl floors, new kitchens, and bathrooms. Large lot with 5 garages spaces plus extra square footage in the rear. Very attractive metrics at $291/square foot, 12.3X GRM on actuals with a significant 16% upside to 10.5X GRM and a market cap rate of 5.8%. Ideal location in the heart of Alamitos Beach only 5 blocks to the sand. 3 blocks from Downtown Long Beach's East Village Arts District with numerous restaurants, retail, and entertainment options. Over $8 Billion in new development in the immediate vicinity. 63% of households within 5 miles are renters with an average household income of $98,000+ (per CoStar research). Huge 1960's construction 4 unit in 5 blocks to the beach with all townhome style units. Extra large owner's unit currently configured as 2 beds and 2 baths, but originally 3 beds with primary suites. Three other large two story 2 bedroom units, one with 1 bath, and two with 2 baths. 2 out of 4 units recently remodeled with vinyl floors, new kitchens, and bathrooms. Large lot with 5 garages spaces plus extra square footage in the rear. Very attractive metrics at $291/square foot, 12.3X GRM on actuals with a significant 16% upside to 10.5X GRM and a market cap rate of 5.8%. Ideal location in the heart of Alamitos Beach only 5 blocks to the sand. 3 blocks from Downtown Long Beach's East Village Arts District with numerous restaurants, retail, and entertainment options. Over $8 Billion in new development in the immediate vicinity. 63% of households within 5 miles are renters with an average household income of $98,000+ (per CoStar research).
Additional Information
- Zoning
- Assessor
- Levels
- Two
- Roof
- Composition
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