High income totally updated 4 unit property in Downtown Long Beach with a 4 bed, 2.5 bath front house full of character plus three 1 bed, 1 bath units in the rear. All units recently updated, newer roof, replaced stairs, landscaping and exterior refresh completed. Very well priced on income at 11.3X GRM on actuals and a 5.7% cap rate with upside to 10.7X GRM and a 6.1% cap rate on market rents. 2 garages in rear structure plus driveway parking for 3 cars by the front house. Potential for ADU conversion in rear garages. Separately metered for gas and electric, allowing a low expense building. Great location right in Downtown Long Beach just North of the East Village Arts District. Blocks away from St. Mary's hospital, Museum of Latin American Art, rail lines, and $8 billion of new development. Only 8 blocks to the beach.
Sold for $1,020,125
Zillow last checked:
Listing updated:
Bought with:
NONE NONE, DRE #N/A
None MRML
Source: CRMLS,MLS#: SB25232103
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSPrice history
| Date | Event | Price |
|---|---|---|
| 1/23/2026 | Sold | $1,020,125-6.8%$297/sqft |
Source:  CRMLS #SB25232103 Report a problem | ||
| 12/18/2025 | Pending sale | $1,095,000$319/sqft |
Source: CRMLS #SB25232103 Report a problem | ||
| 11/7/2025 | Listed for sale | $1,095,000$319/sqft |
Source: CRMLS #SB25232103 Report a problem | ||
| 10/15/2025 | Contingent | $1,095,000$319/sqft |
Source: CRMLS #SB25232103 Report a problem | ||
| 10/3/2025 | Listed for sale | $1,095,0000%$319/sqft |
Source: CRMLS #SB25232103 Report a problem | ||
| 6/5/2025 | Listing removed | $1,500 |
Source: Zillow Rentals Report a problem | ||
| 5/14/2025 | Price change | $1,500-6.3% |
Source: Zillow Rentals Report a problem | ||
| 4/17/2025 | Listed for rent | $1,600 |
Source: Zillow Rentals Report a problem | ||
| 3/22/2021 | Sold | $1,095,500+26.6%$319/sqft |
Source: Public Record Report a problem | ||
| 3/6/2020 | Sold | $865,000+235.3%$252/sqft |
Source: Public Record Report a problem | ||
| 3/9/1998 | Sold | $258,000+282.2%$75/sqft |
Source: Public Record Report a problem | ||
| 8/1/1997 | Sold | $67,500$20/sqft |
Source: Public Record Report a problem | ||
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Estimated market value
$1,017,900
