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Matt O'Brien

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

$ 1,195,000

Est. payment | -/mo

8 Beds

6 Baths

7,534 Sqft Lot

Save

$ 1,195,000

Est. payment | -/mo

Save

8 Beds

6 Baths

7,534 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 SB26098969

Bedrooms 8

Lot Size 7,534 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Great 4-plex in North Long Beach tucked on a tree lined street with 3,609 rentable square feet on a 7,534 square foot lot. Excellent unit mix with a front stand-alone 2 bed/1 bath house featuring new vinyl flooring along with laundry hookups in the kitchen plus two back town house style units (2 bed/1.5 bath and 2 bed/2 bath) and a 4th apartment (2 bed/1 bath). Strong in-place income with an 11.9 GRM and a 4.5% cap rate with a 19.4% upside to rents and a market cap rate of 5.9%. (4) separate garages for off-site parking, additional income, or ADU potential. The roof was replaced in 2025 and there were recent electrical upgrades to the main disconnect and service entrance. Easy access to the 710 freeway being just blocks away. Less than a mile from Bixby Knolls dining and shopping. Walkable immediate neighborhood, just blocks from The Pan, CVS, and McDonalds, and other retail.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction East side of Pacific Ave, just North of E 52nd St.

Interior

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7132014019

Listed by Anthony Walker, DRE#01908153 Buckingham Investments, Inc

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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5220 Pacific Long Beach, CA 90805