Long Beach Homes with Residential Income Property Type

Welcome to Long Beach, California – a vibrant coastal city nestled in the heart of Los Angeles County. Known for its stunning waterfront, diverse cultural scene, and thriving economy, Long Beach offers a unique blend of urban living and beachside charm that appeals to residents and investors alike. With a rich history that dates back to the early 1900s, this city has transformed into a bustling metropolis that retains its small-town feel.

One of the most appealing aspects of Long Beach is its real estate market, particularly for those interested in residential income properties. The city boasts a variety of homes that not only provide comfortable living spaces but also present lucrative investment opportunities. From charming bungalows to multi-family units, Long Beach offers a range of properties that can generate steady rental income.

Investing in residential income properties here means tapping into a robust rental market fueled by a diverse population, including students, young professionals, and families. The city's proximity to major employers, excellent schools, and vibrant entertainment options makes it an attractive place to live, ensuring a consistent demand for rental units.

Moreover, Long Beach is home to beautiful parks, trendy restaurants, and a bustling arts scene. With easy access to the beach and a variety of outdoor activities, residents enjoy a high quality of life, making it an ideal location for both homeowners and investors. Whether you're looking to expand your real estate portfolio or find a place to call home, Long Beach has something for everyone. Come discover the potential that awaits in this dynamic coastal city!

Newest Long Beach Homes with Residential Income Property Type

$1,197,000

PW26203773 MLS ⋅ Active Status

Welcome to this beautifully updated bungalow tucked into one of Bixby’s desirable neighborhoods. With its slate gray exterior, black trim, lush low water landscaping and clean architectural lines, this home has a fresh, modern feel while retaining all the warmth and character of a classic bungalow. Inside, rich walnut toned hardwood floors set the stage for a thoughtfully designed interior, complemented by new Andersen windows throughout. The living room features a striking slate fireplace with wood mantel, recessed lighting, dimmers throughout and stylish black and gold fixtures. The fully remodeled kitchen is a standout, featuring white shaker cabinetry, quartz countertops, a professional Thermador range, oversized apron front farmhouse sink with statement gold faucet, and beautiful blue turquoise subway tile that adds just the right touch of color. The main home offers three bedrooms with custom window coverings and a beautifully remodeled bath finished with soft oyster toned subway tile and an updated tub and shower. Central air conditioning adds year round comfort. Outside is where this property truly surprises. Set on an expansive lot, the enormous grassy backyard feels more like a private park. A gazebo with outdoor seating creates a natural gathering place for entertaining, while a large hardscaped patio offers additional space for outdoor dining. A huge detached, finished garage provides incredible flexibility for a studio, creative space, gym or additional workspace. At the rear of the property, a fully permitted, separate one bedroom, one bath ADU offers exceptional income potential and additional flexibility for guests, extended family or a private home office. An oversized parking pad adjacent to the ADU provides convenient off street parking with enough space to accommodate an RV. Wood and metal gates add privacy and complete the home’s clean, modern aesthetic. Thoughtfully remodeled, beautifully styled and offering the rare combination of a turnkey home, expansive outdoor space, flexible parking and a permitted income producing ADU, this is a special opportunity in one of Bixby’s desirable neighborhoods.

4333 Maury Ave, Long Beach

$1,595,000

PW26188378 MLS ⋅ Active Status

We are pleased to present a 4,000 sq. ft. 2-story vintage mixed-use property on approximately 2,465 sq. ft of land area. The property is located the Alamitos Beach neighborhood adjacent to the East Village Arts District of Downtown Long Beach and adjacent to 4th Street Retro Row, a distinctive Long Beach eclectic retail corridor. The property includes an approximate 2,080 square feet of commercial space divided into 2 restaurant/ bar tenancies front E 4th Street and approximately 1,920 square feet of residential area containing 2-1-bedroom and 1-bathroom and 2-Studio and 1-bathroom units as well as an interior corridor. The ground level includes a bar, a well-established type-48 licensed local bar which originally opened in July 2009 and in 2020 the operator expanded into the adjoining space and created hamburger grill.

939 E 4th, Long Beach

$2,900,000

OC26203758 MLS ⋅ Active Status

820 Cedar Avenue is a 16-unit multifamily investment property located in Long Beach, California. 820 Cedar Avenue was built in 1928 and features a unit mix of 12 studios and 4 1-bedroom/1-bath units across approximately 10,584 square feet of net rentable area. The controlled-access property features interior hallways leading to the residences, an on-site laundry facility and 6 garage parking spaces. The laundry facility provides a convenient tenant amenity and ancillary income stream, while the garage spaces offer additional parking utility and revenue potential. The property has undergone substantial interior and building-system improvements. Ownership reports that all units feature new kitchens and bathrooms, with 14 of the 16 units taken down to the studs. Ownership also upgraded the property’s plumbing to copper, while electrical subpanels were upgraded in 13 of the 16 units. 820 Cedar Avenue is located near Downtown Long Beach and a short distance from the East Village Arts District, providing residents with convenient access to dining, entertainment and employment destinations throughout the city. The property is also near Shoreline Marina, the waterfront and the city’s beaches, while nearby I-710 provides connectivity throughout the region. The Ports of Long Beach and Los Angeles are also readily accessible from the property. 820 Cedar Avenue combines substantial interior and building-system improvements with practical resident amenities and proximity to major employment, entertainment and coastal destinations throughout Long Beach.

820 Cedar Avenue, Long Beach

$2,400,000

OC26203726 MLS ⋅ Active Status

1137 Junipero Avenue is an 11-unit multifamily investment property located in Long Beach, California. 1137 Junipero Avenue was built in 1963 and features a unit mix of 9 1-bed/1-bath and 2 2-bed/2-bath units totaling approximately 7,461 rentable square feet. The gated property offers an on-site laundry room and 6 garage parking spaces, providing residents with practical amenities while generating ancillary income beyond base rental revenue. The property further benefits from copper plumbing throughout, representing a meaningful completed building-system improvement. Located in Long Beach’s Eastside, 1137 Junipero Avenue is positioned near the Anaheim Street and 7th Street corridors, providing convenient access to daily-needs retail, dining and public transportation. The property is also a short drive from the 4th Street/Retro Row corridor, Belmont Heights, the waterfront and Downtown Long Beach, placing residents near many of the city’s primary employment, recreation and entertainment destinations. With a predominantly 1-bedroom unit mix, established ancillary income sources and completed plumbing upgrades, 1137 Junipero Avenue offers a well-rounded multifamily investment within an established Long Beach rental market.

1137 Junipero Avenue, Long Beach

$4,850,000

PW26203183 MLS ⋅ Active Status

The Lakewood Village Portfolio offers investors the rare opportunity to acquire three well-maintained mixed-use and SRO assets totaling 42 SRO units and 3 retail storefronts in one of Long Beach’s most desirable and supply-constrained neighborhoods. Located in Lakewood Village, an established infill community known for exceptional demographics, pride-of-ownership housing, and extremely low turnover, the portfolio provides strong in-place income and operational stability. Current income supports an attractive 7.2% cap rate and 7.83 GRM, positioning the offering as a compelling yield opportunity in a high-barrier submarket. Across the portfolio, all buildings are well maintained and exhibit true pride of ownership, with numerous physical, cosmetic, and system upgrades completed by ownership. The SRO units range between 100 and 200 square feet, with a mix of private layouts and others utilizing shared community bathrooms and showers, aligning well with the 30-day minimum stay model and helping maintain consistently strong occupancy. The three retail storefronts are individually metered for gas and electricity. Significant system improvements further enhance the portfolio’s long-term durability. All buildings have updated main electrical panels and subpanels. 4430 Village also offers dedicated 20-amp circuits in SRO rooms. The 4430 Village building includes 2 shared showers and 3 toilets and has a newer roof. All buildings are secured with security cameras and has an onsite laundry facility. The location offers exceptional convenience and connectivity. The properties are walking distance to Long Beach City College and minutes from Lakewood Golf Course, Heartwell Park, Parkview Village retail, and the region’s premier lifestyle destination, LBX (Long Beach Exchange)—a major draw for dining, retail, entertainment, and fitness concepts. This amenity-rich environment supports sustained demand for both residential and retail space.

4420 4408 E Greenmeadow, Long Beach

$2,850,000

OC26201934 MLS ⋅ Active Status

825 Roswell Avenue is a 9-unit multifamily investment property located in Long Beach, California. 825 Roswell Avenue is a well-maintained 1960s property featuring a stucco exterior accented by red tile roofing, landscaped frontage and gated access. The property features a unit mix of 1 studio, 7 2-bed/1-bath units and 1 3-bed/2-bath unit, providing a concentration of larger 2-bedroom floor plans. The property has also benefited from completed capital improvements including copper plumbing and a tile roof that was replaced approximately 2 to 3 years ago. The gated property offers on-site laundry and 6 garage parking spaces, providing residents with convenient amenities while creating additional income opportunities for ownership. Laundry currently generates supplemental revenue, while the garage spaces are included with tenant rents, providing future ownership with the potential to further monetize the property’s parking. The property benefits from a highly desirable Long Beach location approximately 1 block from Wilson High School and just blocks from Recreation Park, a setting that complements its predominantly 2-bedroom unit mix. Belmont Shore and the 2nd Street commercial corridor, California State University, Long Beach and Retro Row are also a short drive away, providing convenient access to some of the city’s most prominent shopping, dining, recreation and educational destinations. 825 Roswell Avenue is being offered in conjunction with the neighboring 4-unit property at 807 Roswell Avenue and 3-unit property at 815 Roswell Avenue. Each property is available for separate acquisition or may be purchased together, creating a rare opportunity to acquire 3 contiguous multifamily properties and establish a larger ownership presence along a single Long Beach block.

825 Roswell Avenue, Long Beach

$975,000

PW26201437 MLS ⋅ Active Status

3-Unit Property in Prime Long Beach Location This unique single-story triplex offers strong rental potential and long-term upside. The front duplex includes a 4-bedroom and a 2-bedroom unit. A long private driveway provides 5 off-street parking spaces for added convenience. At the rear of the property sits a detached 4-bedroom home, offering generous living space and privacy. Located in a desirable area of Long Beach, this property is an ideal addition to any investor’s portfolio.

2430 Atlantic, Long Beach

$2,100,000

OC26201411 MLS ⋅ Active Status

807 Roswell Avenue is a 4-unit multifamily investment property located in Long Beach, California. Built in 1972, 807 Roswell Avenue offers a desirable vintage, an all-townhome unit mix and exceptionally spacious floor plans consisting of 3 2-bed/1-bath units and 1 3-bed/2-bath unit. The residences total approximately 4,642 SF of net rentable area, averaging more than 1,160 SF per unit. These larger multibedroom floor plans, 2-story layouts and private patios provide a residential living experience that is increasingly difficult to replicate and highly desirable among Long Beach renters. The gated property has been well maintained by current ownership and is attractively landscaped, contributing to its strong curb appeal and residential character. Ownership has also completed several meaningful capital improvements, including a full repipe, new electrical subpanels and a roof replacement approximately 2 years ago consisting of tile roofing with flat composition sections. The property includes 3 garage parking spaces that are not currently separately monetized, providing an additional opportunity to generate parking income while retaining a valuable tenant amenity. The property benefits from a highly desirable Long Beach location approximately 1 block from Wilson High School and just blocks from Recreation Park, a setting that complements its larger 2- and 3-bedroom floor plans. Belmont Shore and the 2nd Street commercial corridor, California State University, Long Beach, and Retro Row are also a short drive away, providing convenient access to some of the city’s most prominent shopping, dining, recreation and educational destinations. 807 Roswell Avenue is being offered in conjunction with the neighboring triplex at 815 Roswell Avenue and the 9-unit property at 825 Roswell Avenue. Each property is available for separate acquisition or may be purchased together, creating a rare opportunity to acquire 3 contiguous multifamily properties and establish a larger ownership presence along a single Long Beach block.

807 Roswell Avenue, Long Beach

$1,900,000

OC26201335 MLS ⋅ Active Status

815 Roswell Avenue is a 3-unit multifamily investment property located in Long Beach, California. 815 Roswell Avenue is a distinctive Spanish-style property featuring attractive period architecture, meticulous landscaping and a well-maintained residential setting. Originally configured as 4 units, ownership combined the 2 rear 2-bedroom townhomes to create an expansive 4-bedroom owner’s residence, which they occupied for many years. The resulting floor plan provides a unique offering within a small multifamily property, further complemented by a large private rooftop deck with a built-in BBQ. The property has been maintained in excellent condition and benefits from several completed capital improvements. The front units feature new electrical panels, while the panels serving the rear residence were previously upgraded. The roof was replaced approximately 2 years ago and consists of tile roofing with flat composition sections. 815 Roswell Avenue also shares a quaint landscaped courtyard with neighboring 807 Roswell Avenue. The courtyard features a built-in fountain, mature landscaping and architectural detailing consistent with the Spanish-style character of the properties, creating an attractive common-area environment for residents. The property benefits from a highly desirable Long Beach location approximately 1 block from Wilson High School and just blocks from Recreation Park, a setting that complements its larger multi-bedroom floor plans. Belmont Shore and the 2nd Street commercial corridor, California State University, Long Beach, and Retro Row are also a short drive away, providing convenient access to some of the city’s most prominent shopping, dining, recreation and educational destinations. 815 Roswell Avenue is being offered in conjunction with the neighboring 4-unit property at 807 Roswell Avenue and the 9-unit property at 825 Roswell Avenue. Each property is available for separate acquisition or may be purchased together, creating a rare opportunity to acquire 3 contiguous multifamily properties and establish a larger ownership presence along a single Long Beach block.

815 Roswell Avenue, Long Beach

$2,000,000

OC26200969 MLS ⋅ Active Status

1035 Lime Avenue is a 10-unit multifamily investment property located in Long Beach, California. Built in 1924 and situated on a 0.15-acre lot, 1035 Lime Avenue features a unit mix of 2 studios, 6 1-bed/1-bath units and 2 2-bed/1-bath units totaling approximately 6,384 square feet of net rentable area. The gated property offers a central courtyard, an on-site laundry facility and 5 garage parking spaces. The laundry facility provides existing ancillary income, while the garage parking offers additional flexibility as a separate revenue source or tenant amenity. Current ownership has completed substantial improvements to both the building systems and individual units. Work includes new copper plumbing, updated electrical systems and all-new kitchens and bathrooms throughout the property. Most units have undergone extensive renovations, with much of the interior work involving down-to-the-studs improvements. These upgrades provide a strong physical foundation and reduce the need for an incoming owner to undertake a significant renovation program. 1035 Lime Avenue is located near the East Village Arts District and Downtown Long Beach, placing residents close to an established mix of restaurants, retail, entertainment and cultural destinations. The property is also within convenient reach of the Long Beach waterfront, including the marina, shoreline recreation, dining and other coastal amenities. With substantial capital and interior improvements already completed, 1035 Lime Avenue offers an investor the opportunity to acquire an improved multifamily asset in a central Long Beach location. Its diverse unit mix, gated setting, garage parking, ancillary income sources and proximity to Downtown, East Village and the waterfront support the property’s long-term appeal to renters.

1035 Lime Avenue, Long Beach

$2,295,000

PW26200874 MLS ⋅ Active Status

1059 Gladys Avenue presents the opportunity to acquire a 12-unit multifamily property in popular Eastside Long Beach. The property offers all 1BD/1BA units (two are renovated) with on-site laundry facilities. Electricity is separately metered, while gas is master-metered with one water heater. The assumable financing is particularly compelling: approximately $1.451 million at a fixed 3.57% interest rate, representing roughly 63% LTV and fully amortizing over the remaining loan term. Annual debt service is ~$78,870. In the current interest-rate environment, this low cost of debt is a significant investment advantage. At the $2.295 million asking price, the property produces approximately $126,809 in current NOI, equating to a 5.53% current cap rate. Because the going-in cap rate is substantially higher than the 3.57% mortgage rate, investors benefit from meaningful positive leverage. After debt service, the property is projected to generate approximately $47,939 in annual pre-tax cash flow, providing a 5.68% current cash-on-cash return on the approximately $844,000 down payment. Eastside Long Beach is a well-established and highly desirable rental neighborhood, offering residents a compelling combination of walkability, affordability and proximity to the city’s coastal lifestyle and major employment centers. The property benefits from a Walk Score of 93 (“Walker’s Paradise”), with numerous shopping, dining and everyday conveniences within a short walk. The neighborhood also provides convenient access to Downtown Long Beach, Belmont Heights, Recreation Park, Colorado Lagoon and the beach, while California State University, Long Beach and Long Beach City College are both within approximately three miles.

1059 Gladys, Long Beach

$2,225,000

12 Beds ⋅ 16 Baths ⋅ 26987747 MLS ⋅ Active Status

Prime Long Beach 15 unit residential property on a 11,311sf lot. This property is excellent for a cash flowing investment OR development. Six units intentionally left vacant for ease of development, if desired. Property has 8 single car garages that could potentially be converted into ADUs. Current income (with vacant units counted at pro-forma rents) puts the property at 7.98 cap rate. Get to 9.7 cap rate at full pro-forma rents! Units have tankless water heaters. Agents MUST read private notes.

1626 Pacific Avenue, 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.