Listing provided courtesy of Jonathan Swire of The Agency. Last updated 2026-02-11 09:11:35.000000. Listing information © 2025 Sandicor.
Asking Price: $1,629,000 |
1377 Warren, Long Beach CA 90813
Community: 9 - Poly High
This property was built in 1922 and is priced at $1,629,000. Please see the additional details below.
PRICED TO SELL. 8.7 GRM AND 7.0% CAP WITH UPSIDE TO A 8.1 GRM AND 7.9% CAP. 11 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (you can increase 8.0% this year). The property is professionally managed and well-maintained. The property is MASTER METERED for all utilities and as such, there is an opportunity for a new owner to either implement a RUBS program or increase rents to cover these costs. Electrical updated in the past 3 years. Qualified Buyers can put as little as 25% down and earn over a 12% cash on cash return against in-place rents. EMAIL LA FOR MORE INFORMATION INCLUDING A CURRENT RENT ROLL AND EXPENSES.
