Long Beach, CA90813
| 3498 sqft | MLS# SB25066385
Tract: Eastside (ES)
For Sale $1,450,000
Description
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 11.8X GRM on actuals and 11.4X 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.
Facts
| Built in 1922 | Lot Size: 6483.00 sqft | HOA Dues: $0/month
Features
Listing provided by Anthony Walker, Buckingham Investments, Inc
Based on information from California Regional Multiple Listing Service, Inc. as of June 20, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
