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Listed by Nhi Phan • Real Broker
$2,045,000
Est. payment /mo
6,617 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25058726
Year Built 1972
Lot Size 6,617 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
An Incredibly Rare Offering in the City of Long Beach - Fully remodeled in 2024, this 4-unit townhouse-style property presents a high-performing investment with 8 Total on-site Parking Spaces (2 spaces for Each Unit), 300 sqft private backyard for Each Unit, and a strong current Cap Rate of 5.30%, with pro forma potential of 5.70%. All 4-units are identical in layout and finishes, each offering: 3 Bedrooms / 2 Bathrooms, Approx. 1,150 sqft of living space, A/C & heating, washer/dryer hookups, quartz countertops, modern cabinetry, vinyl flooring, recessed lighting, new appliances. The property is separately metered for gas and electricity, with tenants responsible for all utilities, ensuring low operating expenses and ease of management. Located in a highly desirable Long Beach neighborhood, each unit has been thoughtfully designed for modern living and long-term durability-making this an ideal turnkey investment. Perfect for investors seeking immediate cash flow and strong long-term upside. Don't miss this rare, high-performing asset in the heart of Long Beach.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Rooms
Kitchen Hood Over Range, Oven Range - Gas
Interior
Laundry Gas Hookup, 30
Exterior
Parking Features Uncovered Parking
Garage Spaces 8.0
Pool None
View Local/Neighborhood
Building
Water District - Public
Others
Tax ID 7260029018
Special Listing Condition Not Applicable
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Joel Martinez
Property Connection Specialist | License ID: 02338033
Property Connection Specialist License ID: 02338033