$2,495,000
-$100,000437 Bonito, Long Beach CA 90802
Multi-Family (10 Units)
Property type
41 days
On market
$415
Price per sqft
6 cars
Garage
1962
Year built
7,340 sqft
Lot size
Open Houses
Overview
Significant Price Improvement – Compelling Coastal Investment Opportunity! 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 spaces—an increasingly rare amenity in...
Listing provided by: Spencer Pabst DRE #01849377, Pabst, Kinney & Associates
Listing updated: Jun 15, 2026 at 04:33pm.
Last checked: Jun 15, 2026 at 05:00pm
Source: CRMLS #PW26097344
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,700 | $20,400 | $1,995 | Unfurnished |
| 1 | 1 | 1 | — | $1,850 | $22,200 | $1,995 | Unfurnished |
| 1 | 1 | 1 | — | $1,539 | $18,468 | $1,995 | Unfurnished |
| 1 | 1 | 1 | — | $1,725 | $20,700 | $1,995 | Unfurnished |
| 1 | 2 | 1 | — | $2,185 | $26,220 | $2,500 | Unfurnished |
| 1 | 1 | 1 | — | $1,850 | $22,200 | $1,995 | Unfurnished |
| 1 | 1 | 1 | — | $1,700 | $20,400 | $1,995 | Unfurnished |
| 1 | 1 | 1 | — | $1,720 | $20,640 | $1,995 | Unfurnished |
| 1 | 1 | 1 | — | $1,720 | $20,640 | $1,995 | Unfurnished |
| 1 | 1 | 1 | — | $1,700 | $20,400 | $1,995 | Unfurnished |
# of Buildings: 1
# of Units Total: 10
Separate Electric Meters: 11
Separate Gas Meters: 11
Separate Water Meters: 1
Rent Control: No
Units Leased: 10
Total Actual Rent: $17,689
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
11.5x
List Price / Annual Gross Rent
Cap Rate
8.72%
NOI / List Price
Gross Scheduled Income: $217,668
Vacancy Allowance: $0
Operating Expense: $0
Net Operating Income: $217,668
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $0
Professional Management: $0
Trash: $0
Water / Sewer: $0
Interior
Cooling: None
Heating: Wall Furnace
Fireplace: None
Laundry: Laundry Room
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Rectangular Lot
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Assigned
Garage Spaces: 6
Uncovered Spaces: 3
Parking Total: 9
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7266008024
Additional Parcels: No
Tax Lot: 5
Subdivision: Alamitos Beach (AB)
Community
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 437 Bonito, Long Beach, CA 90802. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,996,000
Total Interest
$2,545,788
Total Payment
$4,541,788
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$15,365
per month
Property History for 437 Bonito
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90802.
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