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Exceptional Investment Opportunity in North Long Beach! This well-maintained 5-unit multifamily property offers a compelling mix of stable income and long-term upside potential. The building consists of four spacious 1-bedroom/1-bath units and one larger 2-bedroom/1-bath unit, making it a great fit for a variety of tenants. Each unit is individually metered for gas and electricity, simplifying utility management and maximizing cost-efficiency. The building has been plumbed with full copper plumbing. Investors will appreciate the coin-operated laundry room, which provides additional income, and the 4-car garage, offering both convenience and potential for increased revenue. Located in a rising pocket of North Long Beach, this asset is close to transportation, employment hubs, and local amenities, ensuring strong rental demand. With market rents trending upward, there’s ample opportunity to increase cash flow through strategic improvements and rent adjustments. Whether you're a seasoned investor or new to multifamily ownership, this is a rare chance to secure a high-potential asset in an improving area. Don’t miss out on this attractive blend of current income and future growth!
Property Type(s):
Residential Income
| Last Updated | 5/19/2025 | Tract | North Long Beach (NLB) |
|---|---|---|---|
| Year Built | 1954 | Community | North Long Beach |
| Garage Spaces | 4.0 | County | Los Angeles |
Price History
| Prior to May 19, '25 | $1,175,000 |
|---|---|
| May 19, '25 - Today | $1,125,000 |
Additional Details
| ADULT COMMUNITY | Yes |
|---|---|
| AIR | Wall/Window Unit(s) |
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Gas Range |
| AREA | North Long Beach |
| CONSTRUCTION | Copper Plumbing, Stucco, Wood Siding |
| GARAGE | Assigned, Yes |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| LOT | 5040 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | North Long Beach (NLB) |
| UTILITIES | Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected, Electric: Standard |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | LBR3T |
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.
This IDX solution is (c) Diverse Solutions 2025.
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