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JLee Broker

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

Listed by Beatrix Whipple, DRE #01355505 • Keller Williams Pacific Estate

$799,000

Est. payment - /mo

2,351 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW26180275

Year Built 1917

Lot Size 2,351 Sqft

Property Sub-Type Duplex

Source California Regional MLS

Property Description

A rare chance to own an exceptionally spacious duplex in one of Southern California's most dynamic and evolving markets. This large property features eight total bedrooms and four bathrooms across two expansive units, each offering four bedrooms and two bathrooms, a layout rarely seen in multifamily properties. Both units showcase updated interiors with newer laminate flooring, tile kitchens, and remodeled bathrooms, blending modern comfort with low-maintenance living. At $799,000, this duplex is currently producing a 7.45% cap rate on actual rent roll and operating expenses. With an 8.7% rent increase effective December 2026, the cap rate rises to 8.17%, well above the 5% to 6% range typical for small multifamily properties in the 90802 area. Add over $24,800 in completed capital improvements, including full bathroom and kitchen tile remodels, new flooring throughout, updated electrical and lighting, and fresh paint in both units, and this is a property offering both immediate cash flow and built-in upside. The property also includes a detached garage and a long driveway that provides abundant off-street parking. Gas and electric are separately metered for efficiency, and both units are tenant-occupied on month-to-month terms, giving maximum flexibility moving forwa

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Rooms

Kitchen Oven Range - Gas, Refrigerator, Oven - Gas

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate

Laundry None

Exterior

Garage Spaces 1.0

Pool 31, None

View Local/Neighborhood

Building

Water District - Public

Others

Tax ID 7273027010

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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643 Elm AVE Long Beach, CA 90802

JLee Broker

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby School & Business

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