REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,075,000

Est. payment | -/mo

5 Beds

4 Baths

3,836 Sqft Lot

Save Virtual Tour

$ 1,075,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

4 Baths

3,836 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision North Long Beach (Nlb)

MLS Listing ID CV25263994

Bedrooms 5

Lot Size 3,836 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Welcome to 402 E Louise Street, an exceptional 4-unit income property in North Long Beach featuring two newer ADUs built in 2022. The original duplex was also recently remodeled and was improved with an additional bedroom making both original units 2 bed/1 bath each. This well-maintained asset offers an exceptional blend of stable cash flow, modern construction, very low maintenance and future rent upside. The property consists of two 2-bed/1-bath units, one 1-bed/1-bath and one studio. All separately metered (electric, gas and water) and fully occupied with reliable tenants. Current monthly income is $6,761 ($81,132 annually) with proven upside toward market rents. Both ADUs are in excellent condition and reduce long-term maintenance costs, making this an ideal turnkey investment. Situated on a quiet residential street near shopping, schools, and major commuter routes, this property qualifies for residential 14 unit financing, appealing to both investors and owner-users. A fantastic opportunity to own a versatile, income-producing property with legal ADUs and strong long-term value. Dont miss this rare, high-performing 4-plex in the heart of Long Beach!

Location

State CA

County Los Angeles

Zoning Assessor

Direction North of Market St / West of Atlantic Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 7127022034

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Virtual Tour https://animoto.com/play/56pEZCK4wt16AABkYIhbow

Listed by Zayda Aguirre-Arriaza, DRE#01999166 INTERNATIONAL REAL ESTATE SVCS

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

GET MORE INFORMATION

QUICK SEARCH

There are 38 quick searches

402 E Louise Street Long Beach, CA 90805