414 E 61st, Long Beach, CA 90805
Apartment - Long Beach, CA
- Added:
- Apr 27, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 12 at 6:06 am
Property Features for 414 E 61st
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 10
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 6
- Parking features
- Garage
- Exterior features
- Community Features Included: Street Lights, Sidewalks, Suburban, 16-20 Units/Acre
- Standard status
- Pending
- APN
- 7125010036
- Size
- 4,853 SF
- Lot size
- 11,809.00 Acres
Building Details
- Year built
- 1958
- Floors in Building
- 2
- Number of units
- 5
- Architectural style
- Other
Listing agent Erik Messinger License #01006531 (714) 426-3800
Listing office Keller Williams Realty 19631 Yorba Linda Blvd #A, Tustin, CA (714) 426-3800
Listing date Apr 27, 2026
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 5‑unit apartment building built in 1958, featuring all large two‑bedroom units
- Includes on‑site laundry with owned machines
- Six garages on‑site for tenant parking
- Capital improvements and upgrades recently completed by the owner
- Large lot with potential to add units, per public remarks
- Community features include street lights and sidewalks
Overview
The building sits on a large lot, offering space that may support future development considerations such as adding units, subject to applicable approvals. The property is located at 414 E 61st in Long Beach, within Los Angeles County.
The current resident base is primarily Section 8, and the existing lease rates are below market. For investors or owner-operators seeking a small multifamily asset with in-place income, unit configuration, and garage parking, the recent improvements and maintained laundry amenity are practical contributors to day-to-day operations. A buyer should review the current leases and the feasibility of any lot-based expansion plans with the appropriate local authorities. Please contact the listing agent for additional details on income, leases, and property improvements.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $154.3k | $31.80 |
| − Vacancy | −$6.9k | −$1.43 |
| EGI | $147.4k | $30.37 |
| − OpEx | −$66.3k | −$13.67 |
| NOI | $81.1k | $16.70 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.1881767
- Latitude
- 33.8647
