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. This charming neighborhood is known for its rich cultural tapestry, friendly atmosphere, and convenient access to urban amenities while maintaining a close-knit community feel. With its tree-lined streets, parks, and local eateries, North Long Beach offers a perfect blend of suburban tranquility and city convenience.

One of the standout features of North Long Beach is its eclectic housing market, particularly the availability of quadruplex homes. These unique properties are perfect for investors seeking rental opportunities or families looking for multi-generational living arrangements. Quadruplexes provide the advantage of four separate living units within one building, allowing for both privacy and community. This configuration not only maximizes space but also offers potential income generation for homeowners.

Living in a quadruplex in North Long Beach means easy access to local parks, schools, and shopping centers. Residents can enjoy the nearby Long Beach Museum of Art, the stunning coastline, and a variety of recreational activities. The community is well-connected to public transport, making it easy to explore the greater Los Angeles area.

Whether you’re an investor looking to expand your portfolio or a family seeking a unique living arrangement, North Long Beach's quadruplex homes offer a fantastic opportunity to experience the best of Southern California living. Embrace the charm of this dynamic community and discover the potential of quadruplex living in North Long Beach today!

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.