Property Detail

Description

Well-maintained 4-unit residential income property located in the desirable Eastside neighborhood of Long Beach. Built in 1991, the building offers 5,100 sq. ft. of living space on a 6,245 sq. ft. lot with a diverse unit mix comprised of — 2BR/1BA | 2BR/1BA | 4BR/2BA | 5BR/2BA ideal for maximizing rental income. The property generates $11,150 in total monthly gross income ($133,800 annually), comprised of $10,350 in residential rents and $800 in garage income across eight separately rented garage spaces. The varied unit mix appeals to a wide range of tenants, from small households to larger families — supporting strong occupancy and tenant retention. The utilities are separately metered for gas and electricity. Select units include in-unit laundry hookups, and a new roof reduces near-term capital expenditure concerns for investors. Located in one of Long Beach's most established and sought-after neighborhoods, this asset offers stable residential demand with convenient access to local shops, dining, parks, and major thoroughfares.