Pending

Listed by: Circle Real Estate • Christina Mercado • Contact: 323-799-0599

$1,199,999

1216 E 56th St, Long Beach, CA 90805

8beds

4baths

3,906sqft

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Quadruplex

Built in 1965

-- sqft lot

$1,193,200 Zestimate^®

$307/sqft

$-- HOA

What's special

Modern finishesUpdated exteriorClean curb appealDedicated parking

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.

8 days

468

43

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

Radiant

Cooling

None

Appliances

Laundry: Common Area, In Garage, Laundry Room, Stacked

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 3,906
Total interior livable area: 3,906 sqft

Property

Parking

Total spaces: 4
Parking features: Assigned, Carport
Garage spaces: 4
Has carport: Yes

Features

Levels: Two
Stories: 2
Entry location: Front Door
Pool features: None
Spa features: None
Has view: Yes
View description: None

Lot

Size: 4,806 Square Feet
Features: 0-1 Unit/Acre

Details

Parcel number: 7128013003
Special conditions: Standard,No Smoking

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes

Condition

Turnkey
New construction: No
Year built: 1965

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Available, Sewer Available, Water Available

Community & HOA

Community

Features: Street Lights, Sidewalks
Subdivision: North Long Beach (Nlb)

Location

Region: Long Beach

Financial & listing details

Price per square foot: $307/sqft
Tax assessed value: $1,144,440
Annual tax amount: $15,489
Date on market: 7/3/2026
Cumulative days on market: 9 days
Listing terms: Cash to New Loan,Conventional,FHA,VA Loan
Inclusions: in Unit Appliances, & Community Washers and Dryers
Total actual rent: 6789
Tenant pays: Cable TV, Electricity, Telephone

Estimated market value

$1,193,200

$1.13M - $1.25M

$2,608/mo

Price history

Date	Event	Price
7/11/2026	Pending sale	$1,199,999$307/sqft
Source: CRMLS #DW26145351 Report a problem
7/10/2026	Listing removed	$1,199,999$307/sqft
Source: CRMLS #DW26145351 Report a problem
7/4/2026	Listed for sale	$1,199,999+9.1%$307/sqft
Source: CRMLS #DW26145351 Report a problem
12/2/2022	Sold	$1,100,000-8.3%$282/sqft
Source: Public Record Report a problem
9/20/2022	Contingent	$1,200,000$307/sqft
Source: CLAW #22-131619 Report a problem
6/4/2022	Listed for sale	$1,200,000$307/sqft
Source: CLAW #22-131619 Report a problem
5/18/2022	Listing removed	--
Source: CLAW #22-131619 Report a problem
2/27/2022	Listed for sale	$1,200,000+552.2%$307/sqft
Source: CLAW #22-131619 Report a problem
7/22/1997	Sold	$184,000+12.9%$47/sqft
Source: Public Record Report a problem
10/25/1996	Sold	$163,000$42/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$15,489 +4.5%	$1,144,440 +2%
2024	$14,820 +1.7%	$1,122,000 +2%
2023	$14,571 +2.2%	$1,100,000 -2.4%
2022	$14,256 +19.4%	$1,126,781 +20.5%
2021	$11,943 -0.7%	$935,000
2020	$12,026	$935,000 +6.3%
2019	$12,026 +12.2%	$880,000 +6%
2018	$10,721	$830,000 +6.4%
2017	$10,721 +5.1%	$780,000 +11.4%
2016	$10,197 +16.9%	$700,000 +9.4%
2015	$8,721 +10.1%	$640,000
2014	$7,921	$640,000 +36.2%
2012	--	$470,000
2011	--	$470,000
2010	--	$470,000 -49.4%
2009	--	$928,556 +2%
2008	--	$910,350 +2%
2007	--	$892,500 +129%
2006	--	$389,690
2005	--	$389,690 +4%
2004	--	$374,560 +84.6%
2003	--	$202,853 +2%
2002	--	$198,877 +4%
2000	--	$191,156

Find assessor info on the county website

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