Long Beach Homes with Residential Income Property Type

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

6771 Johnson, Long Beach
$879,000
DW26234740 MLS ⋅ Active Status
Two beautifully remodeled homes, one exceptional opportunity in North Long Beach! Live in one and rent the other. Welcome to 6771 Johnson Avenue, a duplex featuring two detached residences with a combined five bedrooms and three bathrooms. Both homes have been completely remodeled, pairing fresh, updated interiors with the privacy and flexibility of separate living spaces. The front residence offers two bedrooms and one bathroom in an inviting layout. The larger back home features three bedrooms and two bathrooms with a yard. A long driveway offers plenty of parking, and a two-car garage adds possibility to convert to an ADU or JADU. Enjoy a North Long Beach location with convenient access to shopping, dining, and the 91 freeway, plus neighborhood destinations including Houghton Park and the Michelle Obama Neighborhood Library. Beautifully refreshed and offering multiple possibilities, this two-home property brings together style, space, and income potential.

6771 Johnson, Long Beach
658 Junipero Avenue, Long Beach
$835,000
OC26234761 MLS ⋅ Active Status
Welcome to 658–662 Junipero Avenue, a charming duplex in Long Beach’s Rose Park neighborhood. Offering approximately 1,000 square feet of combined living space, this property features two one-bedroom, one-bathroom residences—an opportunity for an investor or a buyer considering living in one unit while renting the other. Inviting interiors feature wood-look flooring, crown molding, recessed lighting and ceiling fans. Large windows bring in natural light, while neutral colors complement the updated finishes. The kitchen shown features white Shaker-style cabinetry, granite countertops, stainless steel appliances and ample storage. A tiled tub and shower surround and a skylight add to the bathroom’s appeal. Separate entrances provide independence for each residence. Enjoy convenient access to neighborhood restaurants, coffee shops and shopping, with the beach and downtown Long Beach nearby. Whether you’re expanding your rental portfolio or exploring the benefits of owning a duplex, this Rose Park property offers plenty of possibilities.

658 Junipero Avenue, Long Beach
811 Lime Avenue, Long Beach
$835,000
SB26234382 MLS ⋅ Coming Soon Status
Excellent opportunity for owner-occupants eligible for up to $15,000 in grant funding! Duplex is located in a strong rental market, just blocks from St. Mary’s Medical Center, the Metro, Downtown Long Beach, and the ocean. The property consists of two 2-bedroom, 1-bathroom units, each offering over 1,000 square feet of living space. Both units include laundry hook-ups and off-street parking. Top unit delivered vacant. Additionally, Seller may be willing to cover a portion of a buyer's closing costs.

811 Lime Avenue, Long Beach
830 Elm Avenue, Long Beach
$5,150,000
28 Beds ⋅ 23 Baths ⋅ 26105141 MLS ⋅ Active Status
We are pleased to present 830-842 Elm Avenue, an attractive 23-unit multifamily investment opportunity located in Long Beach, California. Built in 1964, the property consists of two separate buildings totaling approximately 16,624 square feet on a 15,779-square-foot lot. The desirable unit mix consists of five two-bedroom/one-bathroom units and eighteen one-bedroom/one-bathroom units. The property has benefited from several significant capital improvements, including deck improvements completed in 2024 and copper re-piping completed in 2016. Constructed with wood framing, stucco exteriors, and pitched roofs, the buildings feature select renovated units with upgraded kitchens, quartz countertops, modern cabinetry, stainless steel appliances, contemporary fixtures, and wood-style flooring. Additional interior improvements include updated bathrooms and modern finishes. Residents enjoy gated entry, an on-site laundry room, and ample parking consisting of 12 enclosed garages and four surface parking spaces, providing a total of 16 parking spaces. The property is separately metered for gas and electricity, helping minimize owner-paid utility expenses. Offered at $5,150,000, the property presents an attractive investment opportunity with a 6.72% current capitalization rate and a 9.88 current gross rent multiplier. With strong in-place cash flow and additional upside through continued rent growth, 830-842 Elm Avenue offers investors the opportunity to acquire an established multifamily asset with long-term appreciation potential in the Long Beach rental market. Two separate parcels, 842 APN# (7273-018-004)

830 Elm Avenue, Long Beach
2815 E 64th, Long Beach
$2,400,000
SB26232366 MLS ⋅ Active Status
Distinctive Four-Unit Investment Opportunity in North Long Beach! Discover this uniquely designed multifamily property offering approximately 4,320 square feet of building area on a 5,056-square-foot lot. Built in 1964, the two-story property features four spacious residential units, previously configured with three bedrooms each. Unlike traditional apartment buildings, select interiors showcase individually inspired designs blending Art Deco influences with contemporary and industrial styling. Striking geometric patterns, dramatic accent walls, decorative lighting, distinctive kitchen finishes, and creative interior details give the property a personality of its own. Additional features include four covered parking spaces, separate unit entrances, and outdoor areas. Conveniently located near major transportation corridors, shopping, and neighborhood amenities. An opportunity to acquire a visually distinctive multifamily property in North Long Beach. Buyer to verify all property information, including square footage, unit configurations, permits, improvements, and rental potential.

2815 E 64th, Long Beach
1208 Daisy Avenue, Long Beach
$1,899,000
2 Beds ⋅ 12 Baths ⋅ 26104579 MLS ⋅ Active Status
PRICED TO SELL - 8.9 GRM AND 7.5% CAP. EARN OVER A 10% CASH ON CASH RETURN on in place rents. 12 Units on the Westside of Long Beach close to Downtown, subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). 1 story, bungalow style building completely remodeled down to the studs. New electrical, plumbing, kitchens, baths, lighting, etc. - Buyer to verify. Seller spent over $600K on the remodel. The property is professionally managed and features an excellent unit mix of studio and 1 bed units. There is no onsite parking but plenty of street parking. A new owner can level rents to market and be at a 8.7 GRM and 7.8% CAP. The property features a Walkscore of 85 and is a just a few minutes walk from Downtown and the Metro station. There has been over $8BB in redevelopment in Long Beach in the past 10 years including a ton of new class A apartments and restaurants. The property is also conveniently located close to the 710 Freeway providing access to employment throughout LA and Orange County. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The Long Beach Airport is also undergoing a $37MM remodel in preparation for the 2028 Olympic Games. Excellent lender financing is available for qualified Buyers at 30% down, 6.1% fixed for 5 years, Interest Only.

1208 Daisy Avenue, Long Beach
2030 Oregon, Long Beach
$1,249,999
DW26232096 MLS ⋅ Active Status
Fully remodeled 3-unit property offering an excellent opportunity for an investor or owner-occupant all units are vacant! The front residence features 2 bedrooms and 1 bathroom, the middle unit offers 2 bedrooms and 2 bathrooms, and the rear unit is a studio. All three units have been beautifully updated throughout and are move-in ready, no one has lived in the property since its full remodel/new construction. Each unit is separately metered for gas and electricity, making utility management simple for both the owner and tenants. A great opportunity to generate multiple rental income streams, live in one unit while renting the others, or add a turnkey multi-unit property to your investment portfolio.

2030 Oregon, Long Beach
2212 E 15th Street, Long Beach
$1,775,000
16 Beds ⋅ 8 Baths ⋅ 26104748 MLS ⋅ Active Status
2212 E 15th St | 8-Unit Multifamily Investment, Long Beach. This 1960-built asset totals 5,256 SF on an 8,409 SF lot in Eastside Long Beach, between the Cherry Avenue corridor and Zaferia. It sits a few blocks north of Anaheim Street's restaurants and coffee shops and just south of Pacific Coast Highway retail and bus lines. The property features (8) 2BR/1BA units averaging 657 SF across a front and back building, with eight on-site parking spaces at a 1:1 ratio. Six of eight units are occupied at an average rent of $1,962, four of them already at the $1,995 market rent, and Units 1 and 2 are delivered vacant. Offered at $1,775,000 ($221,875/unit | $337.71/SF) with a 7.13% cap rate on scheduled rents and a 9.39 GRM, the real story is yield a 7%+ cap at a sub-$225K basis, with two units the buyer can lease or renovate on their own terms from close.

2212 E 15th Street, Long Beach
1503 N Stanton Place, Long Beach
$2,375,000
20 Beds ⋅ 10 Baths ⋅ 26104747 MLS ⋅ Active Status
1503 Stanton Pl | 10-Unit Multifamily, Long Beach. This 1960-built asset totals 6,710 SF across a front and rear building on a 10,736 SF R-2-N lot in Long Beach's Zaferia neighborhood, a short walk from neighborhood shopping and 1.2 miles from Long Beach City College. The property features (10) 2BR/1BA units averaging 671 SF. Eight of 10 units are occupied at an average rent of $2,008 against a $2,095 market rent, and Units 1 and 4 are delivered vacant for the buyer to lease at market. Offered at $2,375,000 ($237,500/unit | $353.95/SF) with a 7.13% cap rate at lease-up, the real story is yield: a cap rate above every comparable sale reporting one, with a 7.48% pro forma reached through natural turnover and no renovation program.

1503 N Stanton Place, Long Beach
3512 E 1st, Long Beach
$2,000,000
DW26231107 MLS ⋅ Active Status
6 UNITS FOR SALE IN THE HISTORICAL BLUFF HEIGHTS ARE OF LONG BEACH, HALF A BLOCK FROM THE BEACH. THERE ARE 4 ONE CAR GARAGES. THE MAKE UP IS AS FOLLOWS, UNIT 3512 IS A ONE BEDROOM. ONE BATH, $1900 PER MONTH-- UNIT 3512 A IS A TWO BEDROOM, ONE BATH $1200 PER MONTH-- UNIT 3512 B IS A TWO BEDROOM, TWO BATH $3000 PER MONTH-- UNIT 3514 IS A ONE BEDROOM, ONE BATH $1575 PER MONTH-- UNIT 3516 IS A ONE BEDROOM, ONE BATH $1339 PER MONTH-- UNIT 3518 IS A ONE BEDROOM, ONE BATH $1448 PER MONTH. TOTAL MONTHLY RENT INCOME IS $10,462

3512 E 1st, Long Beach
213 E Eagle, Long Beach
$929,000
RS26230807 MLS ⋅ Active Status
Welcome to 213 E. Eagle Street, an exceptional investment and multi-generational living opportunity in Long Beach's desirable Wrigley neighborhood! This unique triplex offers three separate residences, each with its own private yard, providing the privacy and independence of individual homes. The standout feature is the VACANT, FULLY REMODELED 2-bedroom, 2-bath residence, offering a beautiful move-in-ready opportunity for an owner-occupant or the potential to establish a new rental at today's market rates. Enjoy the benefits of homeownership while collecting income from the other two residences! The second residence features 2 bedrooms and 1 bathroom, has been recently upgraded, includes its own garage, and is currently rented on a month-to-month basis. The third residence offers 1 bedroom and 1 bathroom with a beautifully updated kitchen, private yard, and month-to-month tenancy. MAJOR IMPROVEMENTS ALREADY COMPLETED! All three residences feature newer roofs, two units have received substantial interior upgrades, and the property offers gated yards, alley access to the garages, and a generous 5,886-square-foot lot. THE OPPORTUNITIES ARE ENDLESS! Perfect for an owner-occupant looking to offset mortgage payments with rental income, an extended family seeking separate living spaces, or an investor looking to capitalize on substantial future rental upside. With one beautifully remodeled unit delivered vacant and the other two generating income well below potential market rents, this property offers a compelling combination of immediate usability and long-term investment potential. Properties offering three separate residences, two individual garages, private outdoor spaces, and this much flexibility are hard to find. Don't miss this outstanding opportunity in the heart of Long Beach!

213 E Eagle, Long Beach
2020 Olive, Long Beach
$1,175,000
PW26215240 MLS ⋅ Active Status
Exceptional Four-Unit Investment Opportunity! Classic Spanish Quadruplex - A rare opportunity to own a four-unit property offering spacious living, a large lot, and long-term tenants. Each unit provides comfortable living space, making this an attractive investment for those looking to add to their portfolio or secure a multi-unit property with established rental history. The expansive lot features a generous backyard and newly updated landscaping, adding to the property's appeal and outdoor potential. With its combination of space, established tenancy, and desirable outdoor features, this property offers an excellent opportunity for investors seeking long-term potential. Spacious units with large unit over 2 - 2 car garages in rear with large apron. Nice yard space with new sod and landscaping in spacious backyard. Long term tenants. Each has their own laundry.

2020 Olive, 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.

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