North Long Beach (7) Homes with Quadruplex Subtype

North Long Beach (7) Homes with Quadruplex Subtype

Welcome to North Long Beach, a vibrant neighborhood nestled within the bustling city of Long Beach, California. This dynamic region is a hidden gem in Los Angeles County, offering a diverse blend of community spirit, convenience, and charm. North Long Beach is known for its rich cultural heritage, friendly neighborhoods, and proximity to beautiful parks, schools, and shopping centers. Residents enjoy a laid-back lifestyle, with easy access to the stunning Southern California coastline and the vibrant downtown Long Beach area.

One of the standout features of North Long Beach is its unique housing options, particularly the quadruplex properties. These multi-family homes are perfect for those looking to invest in real estate or for families seeking a spacious living arrangement. Quadruplexes offer four separate units, providing an excellent opportunity for rental income while maintaining a sense of community. Whether you’re a first-time homebuyer or a seasoned investor, these properties allow for flexibility and creativity in how you choose to live or generate income.

The architecture in North Long Beach reflects the area's rich history, with many homes showcasing character and charm. The community is also committed to growth and revitalization, making it an ideal place to plant roots. With its strong sense of community, excellent amenities, and diverse housing options, North Long Beach is not just a place to live—it's a place to thrive. Explore the possibilities of quadruplex living in this inviting neighborhood, where your next chapter awaits!

Newest North Long Beach (7) Homes with Quadruplex Subtype

$1,100,000
PW26180123 MLS Active 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.