North Long Beach (7) Homes with Quadruplex Subtype

North Long Beach (7) Homes with Quadruplex Subtype

Welcome to North Long Beach, a vibrant and diverse community nestled in the heart of Long Beach, California. Known for its rich history and welcoming atmosphere, North Long Beach offers a unique blend of urban convenience and suburban charm. Here, residents enjoy a variety of parks, local eateries, and cultural attractions, making it an ideal place for families, professionals, and investors alike.

One of the standout features of North Long Beach is its impressive selection of homes, particularly the quadruplex subtype. These multifamily residences are perfect for those looking to invest in real estate or for larger families seeking ample living space. Quadruplexes in this region provide four separate units, allowing for both privacy and community. Imagine having the ability to live in one unit while renting out the others, creating a steady stream of income and a wonderful investment opportunity.

The architectural styles in North Long Beach vary widely, from charming Craftsman homes to modern builds, ensuring that there’s something for everyone. The community is well-connected with public transportation options, making it easy to explore the greater Los Angeles area. Additionally, the proximity to schools, shopping centers, and recreational facilities adds to the appeal of this vibrant neighborhood.

Whether you’re looking to settle down or invest, North Long Beach offers a dynamic lifestyle paired with the potential for growth. Discover the charm of quadruplex living in this thriving community and unlock the door to endless possibilities!

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.