About 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).
Features of 573 Nebraska
| MLS® # | SB25232214 |
|---|---|
| Price | $1,395,000 |
| Sold Price | $1,392,000 |
| Bedrooms | 8 |
| Bathrooms | 7.00 |
| Lot Sqft | 7,387 |
| Acres | 0.17 |
| Year Built | 1967 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Closed |
| # Of Units | 4 |
Community Information
| Address | 573 Nebraska |
|---|---|
| Area | 4 - Downtown Area, Alamitos Beach |
| Subdivision | Downtown (DT) |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90802 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 5 |
| Parking | Garage Faces Front |
| # of Garages | 5 |
| Garages | Garage Faces Front |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | Rectangular Lot |
|---|---|
| Roof | Composition |
Additional Information
| Date Listed | September 11th, 2025 |
|---|---|
| Date Sold | November 7th, 2025 |
| Days on Market | 14 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Anthony Walker |
|---|---|
| Office | Buckingham Investments, Inc |