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JLee Broker

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

Listed by Robert Stepp, DRE #01456379 • Keller Williams Realty Downey

$1,100,000

Est. payment - /mo

5,857 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 CRPW26180123

Year Built 1953

Lot Size 5,857 Sqft

Property Sub-Type Fourplex

Source California Regional MLS

Property Description

92 E. Louise Street presents the opportunity to acquire a well- maintained four-unit multifamily property offering strong in-place cash flow, meaningful rental upside, and additional long-term value creation potential in North Long Beach. Built in 1953, the property consists entirely of two-bedroom/one- bath units, each approximately 740 square feet, providing a highly desirable and consistent unit mix with broad renter appeal. Current rents average approximately $2,138 per month, compared with nearby rent comparables averaging approximately $2,538 per month, demonstrating substantial embedded rental upside. The property has also benefited from several significant capital improvements, including new windows throughout the building, recent re-piping, exterior painting within the past three years, and a new electronic security gate. These improvements reduce near- term capital expenditure exposure while enhancing the property's overall functionality and tenant appeal. The property's four detached garages and additional surface spaces present the opportunity to add immediate income through parking fees or convert garages to ADUs for future additional rental income (buyer to verify).The offering compares favorably with recent four-unit sales in the surrounding market. At $275, 000 pe

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Interior

Laundry Community Facility

Exterior

Garage Spaces 4.0

Pool None

Building

Water District - Public

Others

Tax ID 7126029010

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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92 E Louise Long Beach, CA 90805

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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