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 neighborhood nestled in the heart of Long Beach, California. Known for its rich history and community spirit, North Long Beach offers residents a unique blend of urban convenience and suburban charm. With its tree-lined streets, friendly atmosphere, and a wide array of local amenities, this area is perfect for families, professionals, and investors alike.

One of the standout features of North Long Beach is its eclectic mix of architectural styles, including the increasingly popular quadruplex homes. These multifamily residences are not only an excellent investment opportunity but also provide a wonderful living arrangement for those looking to share space with friends or family. Quadruplex homes typically feature four separate units, offering the potential for rental income while maintaining a sense of community. Imagine living in a beautifully designed quadruplex where you can enjoy the benefits of homeownership while offsetting your mortgage with rental income from the other units.

The neighborhood boasts a variety of parks, schools, and local businesses, making it a convenient and family-friendly place to call home. Residents can enjoy easy access to public transportation, shopping centers, and dining options that cater to every palate. Plus, with proximity to the stunning beaches of Long Beach and the bustling downtown area, North Long Beach offers a lifestyle that is both relaxed and vibrant.

Whether you’re looking to invest or find your dream home, North Long Beach and its quadruplex offerings are waiting to welcome you. Discover the charm and potential of this thriving community today!

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.