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414 E 61st — Long Beach | Belmont Brokerage | Belmont Brokerage

Active

$1,425,000

0 DOM

— bd— ba— sqft

Call

414 E 61st Long Beach, CA 90805

11,809sqft lot

5-unit apartment building with all large two-bedroom units and 6 garages. Onsite laundry with owned machines. Renters are primarily section-8 and current lease rates are below market. recently has completed upgrades and capital improvements. Large lot offers potential to add units.

MLS PW26074508

714-584-2700 (Office) Erik.Messinger@hotmail.com

Est. payment

$9,106/mo

Principal & interestTaxesInsurance

$7,206$1,484$416

Down %

Rate %

Years

Down payment: $285,000 · Total cost: $2,879,007

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$9,106/mo

Principal & interest: $7,206
Est. property tax: $1,484
Est. insurance: $416
Down payment: $285,000

Est. gross rent$5,938/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-3,168/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Apr 14, 2026	$1,425,000	—

Facts & Features

Structure & Property

Year Built1958

714-584-2700 (Office) Erik.Messinger@hotmail.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

414 E 61st, Long Beach, CA 90805

Get Directions

Call

414 E 61st Long Beach, CA 90805

About this home

Erik Messinger

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Structure & Property

Erik Messinger

Sale & Tax History

No Recent Sales History

Location

414 E 61st, Long Beach, CA 90805

About This Property

Property Photos

Location

Listing Agent

Presented by Belmont Brokerage Inc.

414 E 61st Long Beach, CA 90805

About this home

Erik Messinger

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Structure & Property

Erik Messinger

Sale & Tax History

No Recent Sales History

Location