Eastside, Circle Area (3) Homes with Residential Income Property Type

Eastside, Circle Area (3) Homes with Residential Income Property Type

Welcome to the vibrant Eastside Circle Area of Long Beach, California—a hidden gem nestled in the heart of Los Angeles County. This charming neighborhood is known for its eclectic mix of residential income properties, making it a prime choice for investors and homebuyers alike.

The Eastside Circle Area boasts a unique blend of historical character and modern convenience. Tree-lined streets welcome you to a diverse community filled with friendly neighbors and an array of local businesses. Here, you’ll find everything from cozy coffee shops to trendy boutiques, all within a short stroll from your front door. The nearby parks and recreational spaces provide ample opportunities for outdoor activities, making it an ideal spot for families and individuals seeking an active lifestyle.

Homes in the Eastside Circle Area are often characterized by their distinctive architectural styles, ranging from charming bungalows to contemporary multi-family units. Many properties come with residential income potential, allowing homeowners to benefit from rental income while enjoying the comforts of their own residence. This feature not only makes it a savvy investment choice but also fosters a sense of community as residents often engage with one another.

With easy access to public transportation and major highways, commuting to downtown Long Beach or other parts of Los Angeles is a breeze. The Eastside Circle Area is also close to some of the best schools, making it a desirable location for families looking to settle down.

Whether you’re an investor seeking lucrative opportunities or a homebuyer searching for a welcoming community, the Eastside Circle Area offers a unique blend of charm, convenience, and potential. Discover your new home in this thriving neighborhood today!

Newest Eastside, Circle Area (3) Homes with Residential Income Property Type

$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
$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
$2,295,000
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
$1,100,000
9 Beds ⋅ 6 Baths ⋅ 26870211 MLS ⋅ Active Under Contract Status
Well maintained fourplex located less than 1.4 miles to the beach. Just blocks away from dining, entertaining, and transportation, this impressive property includes a front two-story building with a downstairs 3 bedroom 2 bath unit and an upstairs 2 bedroom 1 bath unit with 2 bonus rooms - great for office or guest room spaces. Both of the front units have central HVAC systems. The rear structure includes a 1 bedroom 1 bath single story unit and a 2 bedroom 2 bath upstairs unit over 4 single car garages. A lovely interior courtyard has a gazebo and bbq common area space. This property can quickly get to a 6.6 cap investment. SB 721 inspection completed - passed. Agents MUST read private notes.

1100 Cherry Avenue, Long Beach
$2,800,000
20 Beds ⋅ 11 Baths ⋅ 26987109 MLS ⋅ Active Status
1512 Sherman Pl | 11-Unit Multifamily, Long Beach. 1963-built asset totaling 9,557 SF on a 15,291 SF lot in an established residential corridor near Long Beach's Eastside. The property features a balanced mix of six 2+1 units, three 1+1 residences, and two 3+2 units with eleven on-site parking spacesa structural advantage in this supply-constrained submarket. All eleven units are currently occupied and fully stabilized, with in-place rents averaging $2,129/month against market rents of $2,185 and the entire portfolio positioned to capture rent growth at each lease renewal through Long Beach rent control. Offered at $2,800,000 ($254,545/unit | $292.98/SF) with a 6.62% in-place cap rate, the real story is operational simplicity and organic growtha 6.88% pro forma cap and immediate distribution capacity as rents normalize through turnover with zero capex required.

1512 Sherman Place, Long Beach
$2,250,000
AR26188327 MLS ⋅ Active Status
Prime 9-unit multi-family investment and potential condo conversion opportunity in a high-demand, low-vacancy Long Beach neighborhood! Built in 1987, this exceptionally updated, well-maintained, turn-key, three-story walk-up building offers approximately 7,000 rentable square feet featuring a strong unit mix of seven 2-bedroom/2-bathroom units and two 1-bedroom/1-bathroom units. Select 2-bedroom residences enjoy private balconies and patios. Tenants benefit from a quiet, well-managed environment with gated intercom entry, security doors, and secured gated parking. Units are separately metered for gas and electricity. Convient location—just one block north of 10th Street and east of Walnut Avenue—close to shopping, dining, and transit. Fully occupied with stable, quality tenants and current rents well below market rates, this property offers an outstanding turn-key asset with immediate upside and massive cash flow growth potential!

1025 Gaviota Avenue, Long Beach
$1,595,000
SB26196309 MLS ⋅ Active Status
Perfectly located mid-century 6 unit on a full sized lot with 3800 square feet of rentable space. Great unit mix with four 1 bed/1 bath units, one 2 bed/1 bath unit, and one 2 bed/1.5 bath unit including attractive outdoor private spaces. Well priced on actual income at 11.14X GRM. Ample parking including one enclosed garage and 4 surface spaces. Select units have in-unit laundry plus a community laundry room for additional income. 5 out of 6 units recently remodeled and all electrical sub-panels recently replaced. Perfect 1031 exchange up-leg property. Excellent Eastside location demonstrating consistent rental demand. Only minutes from Cal State Long Beach, Traffic Circle, Wilson High, and Rec Park. Just North of Belmont Heights and only 1 block to the greenbelt.

3622 E 11th, Long Beach
$1,649,000
SB26192471 MLS ⋅ Active Status
Well-located 4-unit income property in the Greenbelt Heights pocket of Long Beach's Recreation Park neighborhood, just north of Belmont Heights. All four units are large 2-bed/1-bath floor plans with in-unit laundry, an individual water heater, and separate gas and electric meters. Two units are fully renovated with new kitchens, baths, flooring, appliances, and laundry hookups; the other two are occupied by long-term residents. Unit D includes a private, 600+ SF fenced sun deck. Seven total parking spaces: 3 single-car garages with tandem driveway parking, plus 1 open space. Currently producing $115,260 in annual rent. Ideal owner-user play – live in one unit and let the other three help cover the mortgage (FHA/conventional financing may apply on 4 units or fewer – verify with lender). Minutes to Recreation Park, Colorado Lagoon, Marine Stadium, Belmont Shore's 2nd Street, CSULB, and Wilson High School. Buyer to verify all information.

817 Mira Mar, Long Beach
$1,019,000
PW26188720 MLS ⋅ Active Status
Welcome to this beautifully updated 1920s Craftsman, where classic character meets modern style and functionality. Thoughtfully remodeled while preserving its timeless Craftsman charm, this property offers two well-appointed units with matching layouts and a cohesive design throughout. Both units feature open-concept living spaces, beautifully updated kitchens, new flooring in a warm light-brown tone, and refreshed bathrooms with stylish tilework, modern vanities, and updated plumbing. The mirrored floor plans provide a uniform, polished feel and make this property an excellent opportunity for both owner-occupants and investors. With its combination of historic charm, modern upgrades, and long-term investment potential, this turnkey Craftsman is a property worth seeing.

4027 E 11th, Long Beach
$1,395,000
OC26185530 MLS ⋅ Active Status
The Wilton Courtyard is a 5-unit multifamily property located at 3245 E Wilton Street in Long Beach’s Eastside submarket. The property offers the potential to add three ADU units, providing an opportunity to expand the existing 5-unit property to 8 total units, subject to applicable permits and construction. The property is being offered for sale individually or in combination with the adjacent property. Conveniently located near Belmont Shore, 2nd Street, Retro Row, Broadway, and Downtown Long Beach, with nearby access to restaurants, retail, entertainment, parks, recreation, and the coast. The property also offers convenient access to the 405 and 710 Freeways, providing connectivity throughout Long Beach, Los Angeles, and Orange County.

3245 E Wilton, Long Beach
$2,795,000
OC26185350 MLS ⋅ Active Status
The Wilton Courtyard is a 10-unit multifamily property located at 3245–3301 E Wilton Street in Long Beach’s Eastside submarket. The property features approved plans for six additional ADU units, providing the potential to expand the existing 10-unit property to 16 total units, subject to applicable permits and construction. The property is being offered for sale individually or in combination with the adjacent property. Conveniently located near Belmont Shore, 2nd Street, Retro Row, Broadway, and Downtown Long Beach, with nearby access to restaurants, retail, entertainment, parks, recreation, and the coast. The property also offers convenient access to the 405 and 710 Freeways, providing connectivity throughout Long Beach, Los Angeles, and Orange Counties.

3245 -3301 E Wilton Street, 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.