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Listed by Hope Bustamante, DRE #01705015 • G&H Realty Company Inc.
$1,699,000
Est. payment /mo
6,245 Sqft Lot
Price Dropped by $51K
1117 Euclid Long Beach, CA 90804
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26116112
Year Built 1991
Lot Size 6,245 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Well-maintained 4-unit residential income property located in the desirable Eastside neighborhood of Long Beach. Built in 1991, the building offers 5,100 sq. ft. of living space on a 6,245 sq. ft. lot with a diverse unit mix comprised of - 2BR/1BA | 2BR/1BA | 4BR/2BA | 5BR/2BA ideal for maximizing rental income. The property generates $11,150 in total monthly gross income ($133,800 annually), comprised of $10,350 in residential rents and $800 in garage income across eight separately rented garage spaces. The varied unit mix appeals to a wide range of tenants, from small households to larger families - supporting strong occupancy and tenant retention. The utilities are separately metered for gas and electricity. Select units include in-unit laundry hookups, and a new roof reduces near-term capital expenditure concerns for investors. Located in one of Long Beach's most established and sought-after neighborhoods, this asset offers stable residential demand with convenient access to local shops, dining, parks, and major thoroughfares.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Laundry Gas Hookup, 30, Other
Exterior
Parking Features Assigned Spaces, Garage, Common Parking Area
Garage Spaces 8.0
Pool 31, None
View None
Building
Water District - Public
Others
Tax ID 7254001023
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