- 8 Beds
- 7 Baths
- .17 Acres
- 19 DOM
573 Nebraska
Huge 1960's construction 4 unit in 5 blocks to the beach with all townhome style units. Extra large owner's unit currently configured as 2 beds and 2 baths, but originally 3 beds with primary suites. Three other large two story 2 bedroom units, one with 1 bath, and two with 2 baths. 2 out of 4 units recently remodeled with vinyl floors, new kitchens, and bathrooms. Large lot with 5 garages spaces plus extra square footage in the rear. Very attractive metrics at $291/square foot, 12.3X GRM on actuals with a significant 16% upside to 10.5X GRM and a market cap rate of 5.8%. Ideal location in the heart of Alamitos Beach only 5 blocks to the sand. 3 blocks from Downtown Long Beach's East Village Arts District with numerous restaurants, retail, and entertainment options. Over $8 Billion in new development in the immediate vicinity. 63% of households within 5 miles are renters with an average household income of $98,000+ (per CoStar research).
Essential Information
- MLS® #SB25232214
- Price$1,395,000
- Bedrooms8
- Bathrooms7.00
- Acres0.17
- Year Built1967
- TypeResidential Income
- Sub-TypeQuadruplex
- StatusActive Under Contract
Community Information
- Address573 Nebraska
- SubdivisionDowntown (DT)
- CityLong Beach
- CountyLos Angeles
- Zip Code90802
Area
4 - Downtown Area, Alamitos Beach
Amenities
- Parking Spaces5
- ParkingGarage Faces Front
- # of Garages5
- GaragesGarage Faces Front
- ViewNone
- PoolNone
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Interior
- # of Stories2
- StoriesTwo
Exterior
- Lot DescriptionRectangular Lot
- RoofComposition
Additional Information
- Date ListedSeptember 11th, 2025
- Days on Market19
Listing Details
- AgentAnthony Walker
- OfficeBuckingham Investments, Inc
Price Change History for 573 Nebraska, Long Beach, (MLS® #SB25232214)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – |
Anthony Walker, Buckingham Investments, Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of October 22nd, 2025 at 12:21pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.