817 E New York St presents a rare opportunity to acquire a 4-unit multifamily property in prime North Long Beach. Built in 1922, the asset consists of three separate buildings totaling 3,076 rentable square feet on a 6,802 square foot lot. The unit mix includes (1) 1-bed/1-bath… Read More and (3) 2-bed/1-bath units, offering strong rental appeal. Two of the 2-bed/1-bath units have been newly renovated—providing an excellent owner-user opportunity or the ability to immediately capture market rents. At just $312,000 per unit, the property offers a low cost of entry and compelling fundamentals with a 4.97% CAP rate and 12.90 GRM on in-place income. Off-street parking is available for tenants, a valuable feature in this dense rental corridor. Centrally located with convenient access to the 91 and 710 freeways, 817 E New York St benefits from North Long Beach’s steady population growth, ongoing infrastructure investment, and strong housing demand. For investors seeking day-one cash flow with clear upside potential, this is a highly attractive opportunity in one of Long Beach’s most active rental markets. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Brett Lyon 3107801899
Listing Snapshot
Days Online
39
Last Updated
Property Type
Quadruplex
Lot Size
0.16 Acres
Year Built
1922
MLS Number
SB25234247
30 Days Snapshot Of 90813
$601k
+35%
(avg) sold price
5
-16%
homes sold
56
-43%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1922, Building area total: 3,076, 3 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Biking
Expenses
Gardener expense: $1,200, Insurance expense: $4,614, Maintenance expense: $3,876, New taxes expense: $16,814, Operating expense: $29,704, Other expense: $3,200
Garage
4 spaces
Income
Gross income: $96,900, Net operating income: $64,289
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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