$1,425,000
414 E 61st, Long Beach CA 90805
Multi-Family (5 Units)
Property type
39 days
On market
$294
Price per sqft
6 cars
Garage
1958
Year built
11,809 sqft
Lot size
Home highlights
Open Houses
Overview
5-unit apartment building with all large two-bedroom units and six garages. On-site laundry with owned machines. Renters are primarily section 8 and lease rates are below market. Onwer has recently completed several capital improvements and upgrades. Large lot may offer an opportunity to add units.
Listing provided by: Erik Messinger DRE #01006531, Keller Williams Realty
Listing updated: Apr 27, 2026 at 10:18pm.
Last checked: Jun 5, 2026 at 04:31pm
Source: CRMLS #PW26090794
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $1,900 | $1,900 | $2,200 | Unfurnished |
| 1 | 2 | 1 | — | $1,575 | $1,575 | $1,925 | Unfurnished |
| 1 | 2 | 1 | — | $1,575 | $1,575 | $1,825 | Unfurnished |
| 1 | 2 | 0 | — | $1,525 | $1,525 | $1,825 | Unfurnished |
| 1 | 2 | 0 | — | $1,520 | $1,520 | $1,825 | Unfurnished |
# of Buildings: 1
# of Units Total: 5
Separate Electric Meters: 5
Separate Gas Meters: 5
Separate Water Meters: 1
Rent Control: Yes
Tenant Pays: All Utilities, Cable Tv, Electricity, Gas, Telephone, Water
Financial Snapshot
Gross Rent Multiplier
12.4x
List Price / Annual Gross Rent
Cap Rate
5.5%
NOI / List Price
Gross Scheduled Income: $115,200
Vacancy Allowance: $2,304
Operating Expense: $36,065
Net Operating Income: $76,831
Annual Operating Expenses
Insurance: $1,699
Professional Management: $0
Trash: $960
Water / Sewer: $2,000
Interior
Laundry: Common Area, Laundry Room
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Sixteen To Twenty Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Garage, Garage Faces Rear
Garage Spaces: 6
Parking Total: 6
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7125010036
Additional Parcels: No
Tax Lot: 2
Tax Block: 4
Subdivision: North Long Beach (NLB)
Community
HOA Amenities: Electricity, Gas, Trash, Utilities, Water
Senior Community: No
Community Features: Street Lights, Suburban, Sidewalks
Nearby Schools
Nearby schools around the 414 E 61st, Long Beach, CA 90805. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,140,000
Total Interest
$1,454,007
Total Payment
$2,594,007
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$8,840
per month
Property History for 414 E 61st
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90805.
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