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This fully remodeled 4-unit property in the heart of Long Beach is a rare, turnkey investment opportunity offering strong income potential and long-term value. Featuring four spacious 2-bedroom, 2-bathroom units across 3,712 square feet on a 6,369-square-foot lot, the building is currently vacant—allowing for immediate lease-up at market rents. With proforma rents of \$2,832 per unit, the projected gross income is \$11,328 per month or \$135,936 annually, positioning this asset as a high-yield performer. The property includes three garages and three uncovered parking spaces, providing ample tenant convenience. Recent renovations showcase modern finishes and high-quality interiors that appeal to today’s renters. Ideally located in a vibrant and evolving neighborhood rich in dining, shopping, and entertainment—just minutes from Cal State Long Beach, Rose Park, Retro Row, and Belmont Shore—this property is perfectly positioned to attract quality tenants and deliver solid returns.
Property Type(s):
Residential Income
| Last Updated | 5/17/2025 | Year Built | 1979 |
|---|---|---|---|
| Community | Not Defined | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Not Defined |
| CONSTRUCTION | Frame |
| GARAGE | Yes |
| HEAT | Central |
| HOA DUES | 0 |
| LOT | 6369 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| POOL DESCRIPTION | None |
| SEWER | Sewer Tap Paid |
| STORIES | 1 |
| WATER | Public |
| ZONING | LBR2N |
Location
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Listed with Circle Real Estate
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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