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Rare opportunity to own a cash-flowing 4-plex in the heart of Alamitos Beach, Long Beach! This well-maintained property features 4 spacious, oversized units with exceptional tenant retention"”only one turnover in 5 years"”ensuring high occupancy and stable income. Three units have been extensively renovated with modern finishes, including stainless steel appliances, quartz countertops, updated bathrooms, and energy-efficient systems, while the fourth offers value-add potential for increased rents. The property consists of one 5 bed/1 bath house, one 4 bed/2 bath house, and two 3 bed/1 bath apartments on a 6483 square foot lot. This is the lowest GRM and best income 4 unit for sale in the whole city of Long Beach at 11.5X GRM on actuals and 11.2X GRM on market rents, and is only 8 blocks to the beach and Pacific Ocean. Expenses are low being separately metered for gas and electric. Located in an opportunity zone blocks from Alamitos Beach, Retro Row, and downtown, tenants enjoy walkability and easy access to the 710/405 freeways and Metro A Line. Long Beach's $10 billion transformation, including downtown revitalization, $3.2 billion in Port of Long Beach upgrades, and $12.5 million in 2025 infrastructure improvements, drives demand and appreciation potential. As a 2028 Olympics host city, Long Beach is poised for global attention, with event venues just 2 miles away, perfect for premium short-term rentals. Per Costar, 61% of households within a 5 mile radius are renters with an average household income of over $98,000. Don't miss this high-yield asset in a high-growth market! Contact for financials and schedule a viewing today.
Property Type(s):
Residential Income
| Last Updated | 7/2/2025 | Tract | Eastside (ES) |
|---|---|---|---|
| Year Built | 1922 | Community | 3 - Eastside, Circle Area |
| County | Los Angeles |
Price History
| Prior to Jul 2, '25 | $1,450,000 |
|---|---|
| Jul 2, '25 - Today | $1,425,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Oven, Gas Range |
| AREA | 3 - Eastside, Circle Area |
| CONSTRUCTION | Stucco |
| HEAT | Wall Furnace |
| LOT | 6482 sq ft |
| LOT DESCRIPTION | Rectangular Lot |
| PARKING | None |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Eastside (ES) |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with Buckingham Investments, 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.
This IDX solution is (c) Diverse Solutions 2025.
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