UPDATED:
02/20/2025 07:25 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Hallers Subdivision
MLS Listing ID SB25033951
HOA Y/N No
Year Built 1928
Lot Size 3,750 Sqft
Lot Dimensions Assessor
Property Sub-Type Quadruplex
Property Description
Boasting a projected cap rate of 5.13%, a gross scheduled income of $116,700, and a current net operating income of $82,059, this property is a compelling opportunity for investors seeking strong returns in a high-demand market. Its prime location in the charming Rose Park District ensures consistent rental demand, thanks to its walkability, proximity to major employers, and easy access to transportation, shopping, and dining.
A major bonus in this competitive rental landscape is the valuable parking and storage space, including two garages (currently used for storage) and two additional uncovered parking spaces—a significant draw for tenants in Long Beach. Whether you're a seasoned investor or looking to expand your portfolio, this cash-flowing asset is a rare find in one of the city's most desirable rental neighborhoods.
Don't miss out—reach out today for more details!
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Interior
Heating Combination, Floor Furnace, Gravity, Wall Furnace
Cooling None
Flooring Carpet, Wood
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Roof Type Composition,Spanish Tile
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7262018027
Acceptable Financing Cash to New Loan, Conventional, Contract, 1031 Exchange
Listing Terms Cash to New Loan, Conventional, Contract, 1031 Exchange
Special Listing Condition Standard
