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Five-Unit Apartment Building with Garages
For Sale
$1,425,000
Pending

414 E 61st, Long Beach, CA 90805

Five-unit apartment building with two-bedroom units and six garages.

Days on Market101

Property Features for 414 E 61st

General Information

Standard status Pending
Property subtype Commercial

Building Details

Year Built 1958
Listing Agency: Keller Williams Realty N. Tustin
Listed By: Erik Messinger · License #01006531
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Aug 1 at 10:41AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty N. Tustin

Investment Insights

Based on property information with market context.

This is a five-unit apartment building featuring large two-bedroom units and six garages. The property includes onsite laundry facilities with owned machines. The renters are primarily section-8 recipients, and current lease rates are below market value. Recent upgrades and capital improvements have been completed. The large lot offers the potential to add additional units. The location has a bike score of 55, indicating it is bikeable, a walk score of 75, indicating it is very walkable, and a transit score of 50, indicating good transit options.

Key Highlights

  • Large lot offers potential to add units.
  • 5‑unit apartment building with all large two‑bedroom units.
  • Six garages included.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,156
Businesses Nearby

Demographics for 90805, CA

95,350
Population
28,954
Households
3.3
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
7.4 sq mi
ZIP Area
12,885
Density / Sq Mi
$68,615
Median Household Income
$34,948
Median Earnings
$1,664
Median Rent
$588,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-unit apartment building with two-bedroom units and six garages.
Where is this apartment building located?
The property is located at 414 E 61st Long Beach, CA.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Large lot offers potential to add units.; 5‑unit apartment building with all large two‑bedroom units.; Six garages included.
More about this property
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