North Long Beach (7) Homes with Quadruplex Subtype

North Long Beach (7) Homes with Quadruplex Subtype

Welcome to North Long Beach, a vibrant neighborhood located in Long Beach, California. Known for its diverse community and convenient location, North Long Beach offers a unique blend of urban amenities and suburban charm.

As part of Los Angeles County, North Long Beach is a sought-after area for homebuyers looking for a mix of affordability and convenience. With easy access to major freeways and public transportation, residents can easily navigate the bustling city while enjoying a quieter residential setting.

Homes in North Long Beach with the Quadruplex subtype offer a fantastic opportunity for investors and homeowners alike. These properties provide the potential for rental income while also offering a spacious and multi-functional living space. Whether you're looking to expand your investment portfolio or find a home with additional rental units, Quadruplex homes in North Long Beach are a great option to consider.

From tree-lined streets to local parks and shops, North Long Beach has something for everyone. Explore the local dining scene, take a stroll through the neighborhood's parks, or simply relax and enjoy the community atmosphere. With its unique blend of urban convenience and suburban tranquility, North Long Beach is a place you'll be proud to call home.

Newest North Long Beach (7) Homes with Quadruplex Subtype

$1,100,000
PW26180123 MLS ⋅ Active Under Contract Status
92 E. Louise Street presents the opportunity to acquire a well- maintained four-unit multifamily property offering strong in-place cash flow, meaningful rental upside, and additional long-term value creation potential in North Long Beach. Built in 1953, the property consists entirely of two-bedroom/one- bath units, each approximately 740 square feet, providing a highly desirable and consistent unit mix with broad renter appeal. Current rents average approximately $2,138 per month, compared with nearby rent comparables averaging approximately $2,538 per month, demonstrating substantial embedded rental upside. The property has also benefited from several significant capital improvements, including new windows throughout the building, recent re-piping, exterior painting within the past three years, and a new electronic security gate. These improvements reduce near- term capital expenditure exposure while enhancing the property's overall functionality and tenant appeal. The property's four detached garages and additional surface spaces present the opportunity to add immediate income through parking fees or convert garages to ADUs for future additional rental income (buyer to verify).The offering compares favorably with recent four-unit sales in the surrounding market. At $275, 000 per unit, 92 E. Louise is priced below the comparable-set average of approximately $306,750 per unit, while offering a substantially stronger going-in yield than the comparable average cap rate of approximately 5.32% For investors seeking strong current yield with identifiable upside, 92 E. Louise Street offers a compelling combination of in-place cash flow, below-market rents, an all-two-bedroom unit mix, recent capital improvements, and potential future ADU development—all at a basis below recent comparable four-unit sales.

92 E Louise, Long Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.