437 Bonito, Long Beach, CA 90802
437 Bonito, Long Beach, CA 90802
437 Bonito, Long Beach, CA 90802
7
See all 7 photos
$2,450,000
Est. payment /mo
Save
4 Beds
4 Baths
7,340 Sqft Lot
Price Dropped by $45K

437 Bonito Long Beach, CA 90802

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Jesse Ibanez

Jesse Ibanez

+1(858) 337-2796

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID PW26097344

Bedrooms 4

Lot Size 7,340 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Significant Price Improvement Premier Coastal Investment Opportunity! Pabst, Kinney & Associates is pleased to present a well-maintained 10-unit apartment community located in the highly desirable Alamitos Beach neighborhood of Long Beach. The property features an attractive unit mix of (8) one-bedroom/one-bath units and (2) two-bedroom/one-bath units, complemented by 6 single-car garages and 3 carport spacesan increasingly rare amenity in this premier coastal submarket. Offered for sale for the first time in over 36 years, the asset has recently benefited from strategic rental increases effective July 1, 2026, bringing total current gross income to $18,089 per month (inclusive of garage income). At the newly adjusted pricing, the property operates at an attractive 5.80% cap rate on current income, with a projected 7.30% market cap rate, offering clear and measurable upside through continued rental growth. Ideally situated just blocks from the beach, as well as a vibrant mix of dining, retail, and entertainment options, the property offers a highly walkable location with consistently strong tenant demand. Additionally, the existing garage structures may present a potential opportunity for ADU conversion (buyer to verify), providing a compelling value-add component to further enhance income and long-term returns. This is a rare opportunity to acquire a stabilized, pride-of-ownership asset at a newly reduced basis in one of Long Beachs most sought-after rental markets.

Location

State CA

County Los Angeles

Zoning Assessor

Direction 4th Street to Bonito Ave.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7266008024

Acceptable Financing Cash

Listing Terms Cash

MLS Router / San Diego MLS
Listed by Spencer Pabst, DRE#01849377 Pabst, Kinney & Associates 

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Jesse Ibanez

Jesse Ibanez

Agent | License ID: 01405643

+1(858) 337-2796

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from The GreenHouse Group, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

437 Bonito

QUICK SEARCH
There are 22 quick searches