Request More Info
Schedule a Showing
Share
Print
|
Four-unit multifamily investment opportunity located near Downtown Long Beach. Built in 1918, this fourplex offers approximately 3,192 square feet of living space on a 2,505-square-foot lot. The property consists of four units originally configured as 1-bedroom, 1-bathroom residences, with two units featuring an additional bedroom each. The permit status of the additional bedrooms has not been verified. Three units are currently tenant-occupied, generating a combined monthly rental income of $5,800. The fourth unit is vacant, offering an opportunity for additional rental income. Estimated rental income for the vacant unit ranges from $1,800 to $2,000 per month, potentially bringing total gross monthly rental income to approximately $7,600-$7,800. Based on estimated annual operating expenses, including property taxes, insurance, utilities, and maintenance, the property currently generates an estimated Net Operating Income (NOI) of $41,374 annually, representing a 4.36% cap rate at the $950,000 asking price. This reflects the current rental income from three occupied units. If the vacant unit is leased at a projected $2,000 per month, the property could generate approximately $64,174 in annual pro forma NOI, representing a 6.76% pro forma cap rate, based on adjusted maintenance expenses. These estimates exclude vacancy allowances, property management, capital expenditures, and financing costs. Actual results may vary. Conveniently located near Downtown Long Beach, shopping, dining, and public transportation. Property is being sold strictly AS-IS, in its present condition. Seller makes no representations or warranties regarding property condition, square footage, permits, improvements, unit configurations, or rental income. Buyer to conduct their own independent investigations and verify all information to their satisfaction.
Property Type(s):
Residential Income
| Last Updated | 11/10/2026 | Tract | Townsite of long beach |
|---|---|---|---|
| Year Built | 1918 | Community | 4 - Downtown Area, Alamitos Beach |
| County | Los Angeles |
Additional Details
| AREA | 4 - Downtown Area, Alamitos Beach |
|---|---|
| LOT | 2505 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 2505 |
| PARKING | None |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Townsite of long beach |
| WATER | Public |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Del Rey Realty
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 2026.
Twitter
Facebook
Email