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An Incredibly Rare Offering in the City of Long Beach — Fully remodeled in 2024, this 4-unit townhouse-style property presents a high-performing investment with 8 Total on-site Parking Spaces (2 spaces for Each Unit), 300 sqft private backyard for Each Unit, and a strong current Cap Rate of 5.30%, with pro forma potential of 5.70%.All 4-units are identical in layout and finishes, each offering: 3 Bedrooms / 2 Bathrooms, Approx. 1,150 sqft of living space, A/C & heating, washer/dryer hookups, quartz countertops, modern cabinetry, vinyl flooring, recessed lighting, new appliances.The property is separately metered for gas and electricity, with tenants responsible for all utilities, ensuring low operating expenses and ease of management.Located in a highly desirable Long Beach neighborhood, each unit has been thoughtfully designed for modern living and long-term durability—making this an ideal turnkey investment.Perfect for investors seeking immediate cash flow and strong long-term upside. Don’t miss this rare, high-performing asset in the heart of Long Beach.
Property Type(s):
Residential Income
| Last Updated | 4/16/2025 | Year Built | 1972 |
|---|---|---|---|
| Community | Not Defined | County | Los Angeles |
Additional Details
| AIR | Ductless |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Range, Range Hood |
| AREA | Not Defined |
| GARAGE | Uncovered |
| HEAT | Ductless |
| INTERIOR | All Bedrooms Up, Quartz Counters, Recessed Lighting |
| LOT | 6617 sq ft |
| PARKING | Uncovered |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
Location
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The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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