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This large 3 building campus of a 4 unit property is one block North of Downtown Long Beach and Alamitos Beach. 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. Lowest GRM and best income 4 unit for sale in the whole city of Long Beach at 11.8X GRM on actuals and 11.4X GRM on market rents, and is only 8 blocks to the beach and Pacific Ocean. Low expense property separately metered for gas and electric. Well maintained and professionally managed in a dense, high demand rental market. The property is close to St Mary's hospital and Long Beach Community College plus numerous other job centers in the area. Per Costar, 61% of households within a 5 mile radius are renters with an average household income of over $98,000.
Property Type(s):
Residential Income
| Last Updated | 3/27/2025 | Tract | Eastside (ES) |
|---|---|---|---|
| Year Built | 1922 | Community | Eastside, Circle Area |
| County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Oven, Gas Range |
| AREA | Eastside, Circle Area |
| CONSTRUCTION | Stucco |
| GARAGE | None |
| HEAT | Wall Furnace |
| LOT | 6483 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, Electric: Standard |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | LBR4N |
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.
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