$2,595,000
437 Bonito, Long Beach CA 90802
Multi-Family (10 Units)
Property type
31 days
On market
$431
Price per sqft
6 cars
Garage
1962
Year built
7,340 sqft
Lot size
Open Houses
Overview
Well-maintained 10-unit property located in the highly desirable Alamitos Beach neighborhood of Long Beach. The building features an attractive unit mix of (9) 1-bedroom/1-bath units and (1) 2-bedroom/1-bath unit, along with 6 single-car garages and 3 carport spaces—an increasingly rare amenity in this coastal submarket. The property is being offered for sale for the...
Listing provided by: Spencer Pabst DRE #01849377, Pabst, Kinney & Associates
Listing updated: May 27, 2026 at 07:42pm.
Last checked: Jun 2, 2026 at 08:30am
Source: CRMLS #PW26097344
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,700 | $20,400 | $1,995 | Unfurnished |
| 1 | 1 | 1 | — | $1,850 | $22,200 | $1,995 | Unfurnished |
| 1 | 1 | 1 | — | $1,539 | $18,468 | $1,995 | Unfurnished |
| 1 | 1 | 1 | — | $1,725 | $20,700 | $1,995 | Unfurnished |
| 1 | 2 | 1 | — | $2,185 | $26,220 | $2,500 | Unfurnished |
| 1 | 1 | 1 | — | $1,850 | $22,200 | $1,995 | Unfurnished |
| 1 | 1 | 1 | — | $1,700 | $20,400 | $1,995 | Unfurnished |
| 1 | 1 | 1 | — | $1,720 | $20,640 | $1,995 | Unfurnished |
| 1 | 1 | 1 | — | $1,720 | $20,640 | $1,995 | Unfurnished |
| 1 | 1 | 1 | — | $1,700 | $20,400 | $1,995 | Unfurnished |
# of Buildings: 1
# of Units Total: 10
Separate Electric Meters: 11
Separate Gas Meters: 11
Separate Water Meters: 1
Rent Control: No
Units Leased: 10
Total Actual Rent: $17,689
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
11.9x
List Price / Annual Gross Rent
Cap Rate
8.39%
NOI / List Price
Gross Scheduled Income: $217,668
Vacancy Allowance: $0
Operating Expense: $0
Net Operating Income: $217,668
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $0
Professional Management: $0
Trash: $0
Water / Sewer: $0
Interior
Cooling: None
Heating: Wall Furnace
Fireplace: None
Laundry: Laundry Room
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Rectangular Lot
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Assigned
Garage Spaces: 6
Uncovered Spaces: 3
Parking Total: 9
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7266008024
Additional Parcels: No
Tax Lot: 5
Subdivision: Alamitos Beach (AB)
Community
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 437 Bonito, Long Beach, CA 90802. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,076,000
Total Interest
$2,647,824
Total Payment
$4,723,824
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$15,975
per month
Property History for 437 Bonito
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90802.
Similar Homes
Listings with similar prices to 437 Bonito