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 within the bustling city of Long Beach, California. Known for its rich cultural tapestry and a strong sense of community, North Long Beach offers a unique blend of urban convenience and suburban charm. Residents enjoy easy access to local parks, schools, and an array of dining and shopping options, making it an ideal place for families, young professionals, and anyone seeking a lively atmosphere.

One of the standout features of North Long Beach is its housing options, particularly the quadruplex homes that grace the area. These versatile properties are perfect for investors looking to capitalize on rental income or for families seeking multi-generational living arrangements. Quadruplexes in North Long Beach provide ample space and privacy while fostering a sense of community among neighbors. With multiple units on one lot, these homes offer the opportunity to live in one unit while renting out the others, making it a smart choice for those looking to offset their mortgage costs.

The architectural styles of quadruplex homes in North Long Beach are as varied as the residents themselves, often showcasing charming details that reflect the neighborhood's history. With a strong emphasis on community and connection, North Long Beach is not just a place to live—it's a place to thrive. Whether you’re strolling through the local parks, enjoying the vibrant community events, or exploring the eclectic dining scene, you’ll find that North Long Beach is a neighborhood that truly feels like home. Discover the potential of quadruplex living in this dynamic area and become a part of this welcoming 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.