UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,100 sqft
Price per Sqft $333
MLS Listing ID PW-26116112
Year Built 1991
Lot Size 6,245 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
The property generates $11,150 in total monthly gross income ($133,800 annually), comprised of $10,350 in residential rents and $800 in garage income across eight separately rented garage spaces. The varied unit mix appeals to a wide range of tenants, from small households to larger families — supporting strong occupancy and tenant retention. The utilities are separately metered for gas and electricity.
Select units include in-unit laundry hookups, and a new roof reduces near-term capital expenditure concerns for investors.
Located in one of Long Beach's most established and sought-after neighborhoods, this asset offers stable residential demand with convenient access to local shops, dining, parks, and major thoroughfares.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Interior
Interior Features Ceiling Fan(s), Balcony, Unfurnished
Heating Wall Furnace
Flooring Carpet, Laminate, Tile, Vinyl
Fireplaces Type None
Laundry Gas Dryer Hookup, Inside, Washer Hookup
Exterior
Parking Features Garage, Garage - Single Door, On Site, Assigned
Garage Spaces 8.0
Pool None
Community Features Urban
Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected
View Y/N No
View None
Building
Lot Description Rectangular Lot, Walkstreet, Yard
Sewer Public Sewer
Nearby Locations
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Naghmeh Keyvani
Broker Associate | License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823