James Nagorski - Coldwell Banker Commercial Real Estate Solutions Logo
$1,615,000
 $8,670 est/mo Sourced by Back At You

1377 Warren Avenue,Long Beach, CA 90813

Long Beach, CA 90813

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Description

CHEAPEST PRICED LISTING IN ALL OF LONG BEACH. PRICED TO SELL. 8.4 GRM AND 7.2% CAP WITH UPSIDE TO A 8.0 GRM AND 7.7% 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 8.7% 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. Excellent lender financing available at 5.4% fixed for 5 years - for qualified Buyers. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. Qualified Buyers can put down as little as 25% with excellent bank financing. Additionally, the Long Beach airport is undergoing a $37MM renovation for the upcoming 2028 Olympic Games.

Details

MLS #26640863
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1922
Days On Site267
Listing Provided ByThe Agency | Jonathan Swire

Features

Bed(s)4
Bath(s)11
SQ Feet4,944
Story(s)2
Units11
Building(s)2
ZoningLBR2N
Acreage0.13

Interior

CoolingNone
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoNo

Parking

Parking FeaturesNone

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area9 Poly High
Listing VS Median (in 90813)
Price:
$1,615,000
low | high
Med:
$1,550,000
54.024767801858% of Average
sqft:
4,944
low | high
Med:
3,462
79.97572815534% of Average
$ / sqft:
$327
low | high
Med:
$448
12.940049685842% of Average
On site:
267
low | high
Med:
93
100% of Average
Sourced by Back At You

Market Activity 90813

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Learn More About This Property

James Nagorski

James Nagorski

Coldwell Banker Commercial

02248064 (805) 538-3393james.nagorski@cbcinland.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area9 Poly High
Listing VS Median (in 90813)
Price:
$1,615,000
low | high
Med:
$1,550,000
54.024767801858% of Average
sqft:
4,944
low | high
Med:
3,462
79.97572815534% of Average
$ / sqft:
$327
low | high
Med:
$448
12.940049685842% of Average
On site:
267
low | high
Med:
93
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.211M - $2.18M
sqft: 3,500 - 6,000
Nearby Listings Property ImageNearby Listings Details
1323 Walnut Ave Property Photo 1
$1,599,000
1323 Walnut Ave
Long Beach, CA 90813
Listing Updated: September 29, 2026 at 2:31:14 AM PDT

James Nagorski - Coldwell Banker Commercial Real Estate Solutions