437 Bonito, Long Beach, CA 90802

Long Beach
Local realty services provided by:ERA Donahoe Realty
437 Bonito,Long Beach, CA 90802
$2,595,000
  • 4 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: spencer pabst
Office: pabst, kinney & associates
MLS#:PW26097344
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,595,000

About this home

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 spacesan increasingly rare amenity in this coastal submarket. The property is being offered for sale for the first time in 36 years and provides strong in-place income with a current 5.02% cap rate, along with immediate and future upside potential. All units are eligible for rent increases beginning July 1, 2026, bringing the cap rate to approximately 5.56%, with further potential to reach a 6.62% market cap. Located just blocks from the beach, dining, and retail, the property benefits from consistent tenant demand and a highly walkable location. Additionally, the existing garage structures may offer potential for ADU conversion (buyer to verify), providing an opportunity to further increase income and maximize value. Ideal for...

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Home facts

  • Listing ID #:PW26097344
  • Added:1 day(s) ago
  • Updated:May 06, 2026 at 02:36 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$2,595,000
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