HUGE PRICE REDUCTION! Great opportunity to own a great income producing 5-units investment property in the center of Long Beach, CA! Tax record shows as 4 units but currently has 5 units. This 2 building property sits on a huge 7,790 SF lot and 5,016 SF living area. Property… Read More has (4) 2 bedrooms/1baths units and a separate (1) 3 bedroom/2 baths fully remodeled unit in the back above 6 garages. All 6 garages are rented out by tenants. Property is managed by property management company. It has low yearly operating expenses and high net income. Rents are below market with 4 units eligible for rental increase June and September 2025, and another unit in May 2027. Property is located in Central area of Long Beach, close to eateries, markets and schools. Read Less
Property listed by RE/MAX College Park Realty, Sophea Pel 562-489-6670
Listing Snapshot
Days Online
179
Last Updated
Property Type
Quadruplex
Lot Size
0.18 Acres
Year Built
1925
MLS Number
PW25074352
30 Days Snapshot Of 90813
$491k
+1%
(avg) sold price
7
-22%
homes sold
108
+36%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1925, Building area total: 5,016, Levels: Two, 2 stories, 2 buildings, Architectural style: , Attached, Common walls: OneCommonWall
Community
StreetLights, Sidewalks
Expenses
Gardener expense: $960, Insurance expense: $1,549, Licenses expense: $272, Operating expense: $23,098, Water sewer expense: $7,904, Other expense: $780
Fireplaces
None
Garage
6 spaces
Income
Gross income: $6,875, Net operating income: $98,010
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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