Excellent investment opportunity in the heart of Long Beach. This well-maintained four-unit property features an attractive unit mix consisting of three 2-bedroom/1-bath units and one spacious 3-bedroom/2-bath unit. The property is currently fully occupied and generates approximately $10,197 in monthly rental income. Recent improvements include upgraded electrical panels, providing additional value and reduced future capital expenditure. Conveniently located near Downtown Long Beach, shopping, dining, public transportation, major freeways, and the waterfront. An ideal opportunity for investors seeking stable in-place income with potential for future rental growth. Please do not disturb occupants. Drive by only. Property will be shown with an accepted offer. Buyer and buyer’s agent to independently verify all property information, rents, expenses, permits, and square footage.
| MLS # | SB26155227 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 42 |
| Listing Provided By | Person Realty Inc. | Makoto Ozaki |
| SQ Feet | 3,743 |
|---|---|
| Garage | 3 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | LBR4N |
| Acreage | 0.09 |
| Property View | Yes |
| Cooling | Electric, Gas |
|---|---|
| Heating | Electric |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | All Bedrooms Down |
| Appliances | Built In Range, Electric Range, Gas Range |
| Fireplace Yes / No | Yes |
| Lot Features | Two To Five Units Acre |
|---|
| Garage Yes / No | Yes |
|---|
| Utilities | Natural Gas Available, Sewer Available |
|---|---|
| Sewer | Public Sewer |
| Community Features | Urban |
|---|
| Property | 32388 |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90802 |
| Area | 7 North Long Beach |
| Community Name | North Long Beach (NLB) |
| Listing VS Median (in North Long Beach (NLB)) | |
Price: $2,600,000 low | high Med: $719,900 sqft: 3,743 low | high Med: 960 $ / sqft: $695 low | high Med: $750 On site: 42 low | high Med: 48 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90802 |
| Area | 7 North Long Beach |
| Community Name | North Long Beach (NLB) |
| Listing VS Median (in North Long Beach (NLB)) | |
Price: $2,600,000 low | high Med: $719,900 sqft: 3,743 low | high Med: 960 $ / sqft: $695 low | high Med: $750 On site: 42 low | high Med: 48 | |
![]() | $1,635,0001042 1048 E BroadwayLong Beach, CA 90802 |