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 cultural tapestry and friendly atmosphere, North Long Beach offers residents a unique blend of urban convenience and suburban charm. With its close proximity to downtown Long Beach, residents enjoy easy access to a variety of shops, restaurants, and entertainment options, while still being able to retreat to a tranquil neighborhood setting.

One of the standout features of North Long Beach is its array of housing options, particularly the quadruplex homes that grace the area. Ideal for investors or those looking to live in one unit while renting out the others, these properties provide an excellent opportunity for generating income. Quadruplexes in North Long Beach often boast spacious layouts and thoughtful designs, accommodating various lifestyles and family sizes. With multiple units under one roof, they offer the perfect blend of privacy and community living.

Residents of North Long Beach also benefit from an abundance of parks, schools, and recreational facilities, making it a great place for families. The local community is known for its active neighborhood associations and events, fostering a strong sense of belonging among residents. Whether you’re taking a leisurely stroll through one of the nearby parks or enjoying a weekend farmers market, North Long Beach is a place where you can truly feel at home.

Explore the possibilities that await you in North Long Beach—where the charm of community living meets the potential of quadruplex homes. Your dream investment or family home could be just around the corner!

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.