$ 1,250,000
-
$1,250,000
Price -
7
Bed -
4
Bath -
3,076
SqFt
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About the Listing sb1310620 - SBLYONBRE,PWSTAWOO
817 E New York St presents a rare opportunity to acquire a 4-unit multifamily property in prime North Long Beach. Built in 1922, the asset consists of three separate buildings totaling 3,076 rentable square feet on a 6,802 square foot lot. The unit mix includes (1) 1-bed/1-bath and (3) 2-bed/1-bath units, offering strong rental appeal. Two of the 2-bed/1-bath units have been newly renovated—providing an excellent owner-user opportunity or the ability to immediately capture market rents. At just $312,000 per unit, the property offers a low cost of entry and compelling fundamentals with a 4.97% CAP rate and 12.90 GRM on in-place income. Off-street parking is available for tenants, a valuable feature in this dense rental corridor. Centrally located with convenient access to the 91 and 710 freeways, 817 E New York St benefits from North Long Beach’s steady population growth, ongoing infrastructure investment, and strong housing demand. For investors seeking day-one cash flow with clear upside potential, this is a highly attractive opportunity in one of Long Beach’s most active rental markets.
Listing Highlights for 817 E New York
Status
Active
Days on Site
17
Property Type
Multi-Family
MLS ®
SB25234247
Year Built
1922
Total Square Footage
3,076
Lot/Acreage
0.16
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 2-5 Units/Acre,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 4
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7268008026
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Listing Location
Questions About..
817 E New York Long Beach, CA 90813
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