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JLee Broker

[email protected] +1(650) 857-1000

Listed by Anthony Walker, DRE #01908153 • Buckingham Investments, Inc

$1,195,000

Est. payment - /mo

7,534 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSB26098969

Style Contemporary

Year Built 1963

Lot Size 7,534 Sqft

Property Sub-Type Fourplex

Source California Regional MLS

Property Description

Great 4-plex in North Long Beach tucked on a tree lined street with 3,609 rentable square feet on a 7,534 square foot lot. Excellent unit mix with a front stand-alone 2 bed/1 bath house featuring new vinyl flooring along with laundry hookups in the kitchen plus two back town house style units (2 bed/1.5 bath and 2 bed/2 bath) and a 4th apartment (2 bed/1 bath). Strong in-place income with an 11.9 GRM and a 4.5% cap rate with a 19.4% upside to rents and a market cap rate of 5.9%. (4) separate garages for off-site parking, additional income, or ADU potential. The roof was replaced in 2025 and there were recent electrical upgrades to the main disconnect and service entrance. Easy access to the 710 freeway being just blocks away. Less than a mile from Bixby Knolls dining and shopping. Walkable immediate neighborhood, just blocks from The Pan, CVS, and McDonald's, and other retail.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Interior

Heating Wall Furnace

Cooling None

Laundry In Kitchen

Exterior

Parking Features Garage

Garage Spaces 8.0

Pool 31, None

View None

Roof Type Composition

Building

Foundation Raised, Concrete Slab

Water Hot Water, District - Public

Architectural Style Contemporary

Others

Tax ID 7132014019

Special Listing Condition Not Applicable

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Nearby School & Business

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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5220 Pacific Long Beach, CA 90805

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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