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Listed by Marie Morgenstern, DRE #01962710 • Berkshire Hathaway HomeService
$1,999,000
Est. payment /mo
7,130 Sqft Lot
Active
4124 E Broadway Long Beach, CA 90803
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPV26079470
Year Built 1956
Lot Size 7,130 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
4124 E Broadway presents a rare opportunity to acquire a well-maintained Spanish-style residential income property in the highly desirable Belmont Shore / Belmont Heights coastal enclave of Long Beach. The asset consists of four units, including two 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one studio unit (buyer to verify permits), offering a diversified unit mix that supports durable tenant demand across multiple renter profiles.The property generates approximately $ 9,775 in monthly gross income ( $117,300 annually), equating to a 5.4% current cap rate. With demonstrated rental upside and below-market in-place rents, investors can expect an even greater cap rate with strategic interior upgrades, unit turns, and alignment to prevailing market rents. The partially renovated studio unit provides an immediate value-add component, reducing initial capital outlay while illustrating achievable rent premiums. This offering represents a compelling blend of stable cash flow and operational upside, supported by strong underlying fundamentals in a supply-constrained coastal submarket. Belmont Shore/Belmont Heights continues to exhibit high occupancy levels and resilient rent growth due to limited new multifamily development, coastal zoning restrictions, and sustained lifest
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Rooms
Kitchen Dishwasher, Microwave, Other, Oven Range - Gas, Refrigerator
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Laundry In Laundry Room, Other, Washer, Washer/Dryer - Owned, Community Facility, Dryer
Exterior
Parking Features Attached Garage, Garage, Off-Street Parking, Other
Garage Spaces 4.0
Pool 31, None
View Local/Neighborhood, City Lights
Building
Water District - Public
Others
Tax ID 7256012010
Special Listing Condition Not Applicable
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