$ 1,800,000
-
$1,800,000
Price -
9
Bed -
5
Bath -
4,032
SqFt
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About the Listing E776 - PJONPERE
Prime Long Beach income property located in the highly desirable Belmont Heights / Bluff Heights area, just off Broadway, offering an exceptional opportunity for investors seeking a coastal multifamily asset. With a Walk Score of 94 out of 100, this highly walkable fourplex is approximately 0.3 miles to the beach and conveniently close to Belmont Shore and Shoreline Village, providing easy access to dining, shopping, and entertainment. This well-maintained 4-unit property consists of approximately 4,032 square feet of living space on a 6,109 square foot lot and was built in 1969. The property features a strong unit mix of one spacious 3-bedroom, 2-bath unit and three 2-bedroom, 1-bath units, spread across two levels. One unit is currently vacant, offering immediate flexibility for an owner-occupant or the ability to lease at current market rent and increase cash flow. One of the units has recently been updated with a brand-new kitchen, flooring, and bathroom, enhancing overall tenant appeal. Recent improvements include a roof replacement completed within the past few years. The property is also scheduled for termite clearance and exterior painting, providing a refreshed and updated appearance for future ownership. The rear of the property features two 2-car garages, with each unit assigned one garage space, plus an additional dedicated parking space for the 3-bedroom unit, totaling five parking spaces. Ample street parking adds further convenience, which is a valuable feature in this highly sought-after Long Beach location. Priced at approximately $446 per square foot, this Long Beach multifamily property offers strong in-place income with upside potential. Based on current rents, the property is performing at approximately a 4.8% cap rate, with the ability to increase to roughly 6%+ once the vacant unit is leased at market rent. Ideal for investors searching for a fourplex near the beach, a Long Beach income property with strong rental demand, or a value-add multifamily opportunity in one of the most desirable coastal communities in Los Angeles County.
Listing Highlights
Status
Active
Days on Site
41
Property Type
Multi-Family
MLS ®
PW26062713
Year Built
1969
Total Square Footage
4,032
Lot/Acreage
0.14
Interior Details
- Bedrooms: 9
- Bathrooms: 5 Full
- Appliances: Electric Range, Free-Standing Range, Disposal, Range Hood, Water Heater
- Air Cond:
- Heating: Radiant
- Fireplaces:
- Floor: Carpet,Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s),Open Floorplan
- Water: Public
Exterior Details
- Lot Description: 2-5 Units/Acre,Front Yard,Near Park,Near Public Transit,Walkstreet,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 5
- Zoning: LBR2A
- Roof: Composition
- Others: Lighting,Rain Gutters,Updated/Remodeled,Turnkey,Brick,Drywall,Concrete,Stucco,Wood Siding,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Concrete,Door-Multi,Driveway,Garage,Garage Door Opener,Garage Faces Rear,One Space,Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7263009009
- Tax Year: N/A
Payment Calculator
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Questions About..
241 Lindero Ave Long Beach, CA 90803
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