USACALong BeachDowntown (Dt)573 Nebraska Ave
573 Nebraska Ave | Image 1

Sold

$1,395,000

5 months ago

573 Nebraska Ave, Long Beach, CA

0 Bed

0 Bath

--

5 Parking

MLS® SB25232214

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage Yes
Taxes 
Lot Size 0.1696 acres
Approx. Age 1967
MLS® Number SB25232214

Property Address: 573 Nebraska Ave, Long Beach, CA, 90802-1856

Average square foot calculated using Size range provided by listing agent.

Description

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).
MLS® NumberSB25232214
Laundry LevelNone
Central VacNo
FireplaceNo
Acreage0.1696
Exterior
GarageYes
Approx. Age1967
Basement
DrivewayGarage Faces Front
Garage Spaces5
Heat
A/C
Heating Fuel

Extras

Price History

Nov 7, 2025End Date
$1,392,000Sold Price

Sold

Oct 3, 2025List Date
$1,395,000List Price
  • Commute

Commute

Starting Address
Destination Address
573 Nebraska Ave, Long Beach, CA

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