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TOTAL 6 UNITS (2x Brand New ADUs & 4x Fully Renovated Units). 100% VACANT AT CLOSE OF ESCROW. Located just north of Virginia Country Club and minutes from Bixby Knolls, Trader Joe's, SteelCraft, and Atlantic Avenue's boutique corridor, 134 E Market St. offers investors the rare chance to own a completely repositioned 6-unit multifamily asset in a high-demand, evolving Long Beach submarket. This turn-key investment features four fully renovated units and two ground-up, newly constructed ADUs, all completed in 2024/2025 and delivered 100% vacant at the close of escrow. Investors have full lease-up control "” with no tenant buyouts, no rent restrictions on the new construction units, and zero deferred maintenance. Lease at full market rents and start cash flowing immediately. Every unit has been thoughtfully upgraded or newly constructed with today's rental market in mind. The property is individually metered for electricity (6 meters) and gas (4 meters; ADUs are electric only). Water and trash are master-metered, with the utility setup creating the potential for RUBS implementation, subject to lease terms and management approach "” offering an opportunity to streamline expenses and improve net operating income. With a projected CAP rate of 6.43%, pro forma gross income of $143,400, and offered at just $1,450,000, this is a rare chance to acquire a low-maintenance, high-yield multifamily asset in a submarket seeing strong rent growth and city-backed revitalization - one of Long Beach's most strategic rental corridors.
Property Type(s):
Residential Income
| Last Updated | 6/13/2025 | Tract | n/a |
|---|---|---|---|
| Year Built | 1955 | Community | 7 - North Long Beach |
| County | Los Angeles |
Additional Details
| AIR | Ductless |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 7 - North Long Beach |
| HEAT | Ductless |
| INTERIOR | Ceiling Fan(s) |
| LOT | 3751 sq ft |
| PARKING | None |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | n/a |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with Sage Real Estate Group, Inc.
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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