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JLee Broker

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

Listed by Christina Mercado, DRE #02074083 • Circle Real Estate

$1,199,999

Est. payment - /mo

4,806 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 CRDW26145351

Year Built 1965

Lot Size 4,806 Sqft

Property Sub-Type Fourplex

Source California Regional MLS

Property Description

Great investment opportunity in Long Beach! This upgraded quadplex offers strong income potential with an approximate **7% cap rate** and **one unit currently vacant**, creating an ideal option for an owner-user or investor looking to place a new tenant at market rent. The property features **four total units**, with the remaining units occupied and income-producing. Recent improvements include an updated exterior, refreshed interiors in select units, modern finishes, and clean curb appeal. Each unit has dedicated parking, adding convenience and value for tenants. With solid rental income, recent upgrades, and upside potential through the vacant unit, this property is a great addition to any rental portfolio. Along with Community Laundry. Buyer to verify all rents, expenses, cap rate, permits, unit mix, and property details.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Interior

Heating Radiant

Cooling None

Laundry In Garage, In Laundry Room, Laundry Area, Washer/Dryer - Owned, Stacked Only, Community Facility

Exterior

Parking Features Assigned Spaces, Carport

Garage Spaces 4.0

Pool 31, None

View None

Building

Water District - Public

Others

Tax ID 7128013003

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1216 E 56th Long Beach, CA 90805

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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