$ 1,199,999
-
$1,199,999
Price -
8
Bed -
4
Bath -
3,906
SqFt
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Open House Times
- Sat. Jul. 11 at 11:00am to 2:00pm
- Sun. Jul. 12 at 11:00am to 2:00pm
About the Listing DWCRZ - DWMERCHR
Great investment opportunity in Long Beach! This upgraded quadplex offers strong income potential with an approximate **7% cap rate** and **one unit currently vacant**, creating an ideal option for an owner-user or investor looking to place a new tenant at market rent. The property features **four total units**, with the remaining units occupied and income-producing. Recent improvements include an updated exterior, refreshed interiors in select units, modern finishes, and clean curb appeal. Each unit has dedicated parking, adding convenience and value for tenants. With solid rental income, recent upgrades, and upside potential through the vacant unit, this property is a great addition to any rental portfolio. Along with Community Laundry. Buyer to verify all rents, expenses, cap rate, permits, unit mix, and property details.
Listing Highlights
Status
Active
Days on Site
1
Property Type
Multi-Family
MLS ®
DW26145351
Year Built
1965
Total Square Footage
3,906
Lot/Acreage
0.11
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Radiant
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 4
- Roof:
- Others: Turnkey,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Carport
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7128013003
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
1216 E 56th Long Beach, CA 90805
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