North Long Beach (7) Homes with Residential Income Property Type

Welcome to North Long Beach, a vibrant and diverse community nestled in the heart of Long Beach, California. Known for its rich history and friendly atmosphere, North Long Beach is a hidden gem that offers a unique blend of urban convenience and suburban charm. With its convenient access to major highways, public transportation, and proximity to the bustling city of Los Angeles, residents enjoy an enviable lifestyle that balances work and play.

The region boasts a variety of amenities, including parks, schools, and shopping centers, making it an ideal location for families and professionals alike. The community is characterized by its welcoming neighborhoods, where tree-lined streets and well-maintained homes create a warm and inviting environment.

One of the standout features of North Long Beach is its impressive selection of residential income properties. For savvy investors or those looking to supplement their income, this area presents a wealth of opportunities. From duplexes to multi-family units, North Long Beach offers a diverse range of properties that cater to various investment strategies. With a steady demand for rental units, you can expect a solid return on your investment while contributing to the community's growth and vitality.

Whether you’re looking to call North Long Beach home or seeking a lucrative investment opportunity, this region has something for everyone. Experience the charm of North Long Beach, where community spirit thrives and the possibilities are endless!

Newest North Long Beach (7) Homes with Residential Income Property Type

$1,369,000

P1-28074 MLS ⋅ Active Status

Welcome to 318-320 East Market Street, a turnkey income opportunity featuring 3 residential units and 1 commercial storefront currently used as a barbershop. All 4 units will be delivered with month-to-month tenants paying at or above market rates, with current gross monthly rent at $7,755. The property is in good marketable condition with upgrades by the current owner including new 200 amp electrical panels; updated plumbing; updated sprinkler and irrigation, and updated interior finishes and design. Solid CAP RATE and GRM. Run the numbers yourself, you won't want to miss this one.

318 320 E Market Street, Long Beach

$2,600,000

SB26155227 MLS ⋅ Active Status

Excellent investment opportunity in the heart of Long Beach. This well-maintained four-unit property features an attractive unit mix consisting of three 2-bedroom/1-bath units and one spacious 3-bedroom/2-bath unit. The property is currently fully occupied and generates approximately $10,197 in monthly rental income. Recent improvements include upgraded electrical panels, providing additional value and reduced future capital expenditure. Conveniently located near Downtown Long Beach, shopping, dining, public transportation, major freeways, and the waterfront. An ideal opportunity for investors seeking stable in-place income with potential for future rental growth. Please do not disturb occupants. Drive by only. Property will be shown with an accepted offer. Buyer and buyer’s agent to independently verify all property information, rents, expenses, permits, and square footage.

1020 E Broadway, Long Beach

$3,350,000

15 Beds ⋅ 10 Baths ⋅ 26854797 MLS ⋅ Active Status

Huge 650k Price Reduction! Once in a lifetime 100% Renovated 10-unit Master-leased opportunity and cash flowing at an impressive 7% Cap Rate from Day 1! The offering provides investors with a turnkey opportunity to purchase a premium asset where every single unit was vacated, completely renovated and leased at market rent. The building was entirely stripped to the studs and thoroughly renovated with permits featuring a new roof, electrical system, plumbing, HVAC, water heaters, and windows. Other upgrades include new cabinets, modern countertops, new flooring, recessed lighting, updated bathrooms with new vanities and sleek bathtubs, and stainless-steel appliances. The offering brings a diverse unit mix consisting of 5 (1bed/1bath) units and 5 (2bed/1bath) units including 3 brand-new ADUs. The property is separately metered for gas and electrical utilities and each unit has its own individual water heater to further reduce operating costs. Located in prime North Long Beach just minutes from the beach, offering investors the opportunity to acquire a low-maintenance asset in a coastal rental market without premium coastal pricing! Majority of the units are master-leased by a single organization providing guaranteed cash flow and minimal vacancies. (Similar to a hassle-free NNN deal with stable income and more limited landlord responsibilities with ease of management and rent collection).

5529 Dairy Avenue, Long Beach

$1,695,000

PW26138649 MLS ⋅ Active Status

245 E. Artesia Boulevard presents the opportunity to acquire a well- maintained 5-unit multifamily asset with significant upside through future ADU development in a centrally located Long Beach neighborhood with convenient regional access. The property combines spacious floorplans, strong existing cash flow, and clear value-add potential, creating a compelling opportunity for both investors and potential owner/users. The property offers an attractive unit mix including (1) 3BD/2BA unit and (4) 2BD/2BA units, appealing to a broad tenant base seeking larger residential floorplans rarely found in today’s multifamily inventory. Units are bright and spacious, averaging approximately 1,287 square feet, providing a more residential living experience compared to typical apartment product in the area. The 3BD/2BA unit features dramatic high beam ceilings and an in-unit washer and dryer, further enhancing rental appeal and potential owner/user functionality. The property has undergone extensive interior improvements, including updated flooring and paint throughout all units. Additional capital improvements include a newer roof approximately three years old and partially updated electrical systems, helping reduce near-term capital expenditure requirements and supporting operational stability. Ownership also benefits from ancillary laundry income through owned on-site machines, while seven (7) garages provide additional parking income and further enhance tenant convenience and property functionality. A key component of the investment opportunity is the property’s future ADU development potential. Plans have been approved for the addition of two new 2BD/1.5BA ADU units, providing investors with a clear path to materially increase future income by approximately $60,000 annually. The ability to add density while leveraging the property’s existing infrastructure creates a rare opportunity to substantially increase long-term cash flow and overall asset value. The property benefits from exceptional regional connectivity with convenient access to the 710, 91, 105, and 405 Freeways, allowing tenants efficient commuter access throughout Los Angeles and Orange County employment centers. The location also provides convenient proximity to Long Beach Airport, major retail corridors, dining amenities, and everyday neighborhood services, supporting long-term tenant demand and occupancy stability.

245 E Artesia, Long Beach

$2,749,000

PW26142888 MLS ⋅ Active Status

***Major Price Reduction***Excellent mixed-use investment opportunity on Pacific Coast Highway offered at a 6.63% cap rate. The property features a two-story building with 11 residential units and 11 on-site parking spaces, providing stable residential income. Many of the residential units have been refreshed, enhancing rental value. The sale also includes 1561 W Pacific Coast Hwy, a separate 3-tenant storefront retail building with prime frontage on PCH. Strong in-place cash flow with diversified residential and commercial income in a high-traffic location.

1561 W Pacific Coast Highway, Long Beach

$995,000

PW26141359 MLS ⋅ Active Status

Income-Generating Property with Two Permitted Homes on One Lot! Income Total: $4,900/month. Immediate rental income ($2,800/mo and $2,100/mo), long-term tenants. Newer Rear ADU built 2019 & Front home built 1941. ADU residence features a spacious 3-bedroom, 1.75-bathroom floor plan, HVAC, tile floors, composite or possible granite counters in Kitchen & Bathrooms, appx. 1,200 sq ft of modern living space. Front of lot is older independent, permitted 2 bedroom, 1 bathroom, Remodeled detached front house, appx 777 sq ft with private entrance, sep utilities, Kitchen Quartz type Counter top, Tile floors in Kitchen and Bath. Floor furnace. Hardwood floors in living room & bedrooms. Both have tankless water heaters, vinyl dual pane windows and copper pipe through out in both houses. Shed, Wood & Vinyl Fencing. Low maintenance. Perfect for a savvy investor looking for instant cash flow. Conveniently located near local amenities, 91 and 710 freeways and mass transit., California 1482 applies.Owner's photos were taken appx. in 2020.

6160 Gundry, Long Beach

$750,000

PW26121906 MLS ⋅ Active Status

Exceptional value-add triplex opportunity in North Long Beach. Situated on a prominent corner lot, this income-producing property consists of three 1-bedroom, 1-bathroom units, each featuring a private garage and dedicated outdoor space. One unit benefits from an oversized wraparound yard, providing enhanced tenant appeal and potential rental premium. The property presents a compelling opportunity for investors seeking rental upside through interior and exterior improvements. The asset is well suited for investors looking to add value and capitalize on Long Beach's strong rental demand. Conveniently located near major transportation corridors, retail amenities, employment centers, and neighborhood attractions, the property offers both accessibility and long-term growth potential. Whether you're a first-time multifamily investor or an experienced buyer seeking a repositioning opportunity, 180 E. 55th Street represents an attractive entry point into the Long Beach multifamily market.

180 E 55th, Long Beach

$1,295,888

PW26128325 MLS ⋅ Active Under Contract Status

Exceptional Value-Add Investment Opportunity! This well-maintained 9-unit apartment property offers stable cash flow, strong rental demand, and significant upside potential in a highly desirable rental market. The property consists of a charming standalone 2-bedroom, 1-bath home at the front and a separate two-story building featuring eight studio units, with four units on each level. Six of the nine units have already been tastefully renovated, allowing a new owner to continue the renovation program and capture additional rental upside. With below-market rents, consistently low vacancy, and all units fully occupied, this asset presents an outstanding opportunity to increase income while benefiting from immediate cash flow. Ideally situated directly across from Harte Elementary School and just minutes from Lakewood Center, Long Beach Exchange, major retailers, restaurants, parks, and convenient freeway access, the property is located in a prime rental location that continues to attract long-term tenants. Whether you're looking to expand your portfolio with a turnkey investment offering immediate returns or seeking a value-add asset with long-term appreciation and income growth potential, this property checks all the boxes.

1651 E South, Long Beach

$3,295,000

12 Beds ⋅ 12 Baths ⋅ 26844723 MLS ⋅ Active Status

Huge 600k Price Reduction! 100% Renovated 12-unit apartment building cash flowing at an amazing current 7.25% Cap Rate from day 1. Preliminary plans to add 8 detached ADUs to achieve a remarkable 10.5% Cap Rate, 7.4 GRM, and 202k/unit after taking into account all construction costs (~745k assuming $225/SF). The property features an easy to rent unit mix of 12 (1-bed/1bath) units including 4 brand-new retail to apartment conversions as well as 2-brand new attached ADUs. Turnkey opportunity where every single unit was vacated, completely renovated, and leased at market rent with additional upside by building 8 detached ADUs in the back parking lot. The property is separately metered for gas and electrical utilities and each unit has its own individual water heater to further reduce operating costs. The property has undergone major capital improvements including updated electrical, plumbing, brand-new windows, interiors, exteriors, etc. The fully remodeled units boast new modern cabinets, flooring, lighting, new bathrooms, and more.

6068 Atlantic Avenue, Long Beach

$810,000

RS26124359 MLS ⋅ Active Status

Located at 3404 E 65th Street, this unique multi-unit property presents an exceptional opportunity on the Long Beach and Lakewood border. Featuring two completely separate residential structures on a single lot, the property functions like two independent homes. This highly sought-after configuration is ideal for investors looking to attract long-term, premium tenants or an owner-occupant looking to live in one home while offsetting their mortgage with the other. Potential to convert garages to ADU making it a 3-4 unit property.

3404 E 65th, Long Beach

$1,225,000

OC26101020 MLS ⋅ Active Under Contract Status

6641 Hammond Avenue is a 4-unit multifamily investment property located in Long Beach, California. Built in 1959, the property consists entirely of two-bed/one-bath units, offering a desirable and efficient unit mix in a supply-constrained Southern California rental market. The adjacent 4-unit property at 6645 Hammond Avenue is also available, with each property offered at $1.225 million or both assets available together for $2.45 million, allowing investors to acquire either property individually or purchase a larger 8-unit footprint on contiguous parcels. The offering is priced at an attractive 5.66% cap rate on current rents, with projected upside to a 6.93% cap rate on market rents. This provides investors with immediate in-place yield and a clear path to improved performance through continued rent growth and more efficient income management. The property is situated on a 0.12-acre parcel and features approximately 3,000 net rentable square feet. Community amenities include in-unit laundry hookups, individual water heaters, and five surface parking spaces. The surface parking spaces are currently not separately monetized, providing a potential opportunity to create additional income through parking fees, subject to market demand and tenant considerations. In addition to existing income upside, the rear parking area may offer ground-up Accessory Dwelling Unit (ADU) development potential. A new owner may be able to explore the addition of one or more accessory dwelling units to increase rentable square footage and long-term income, subject to Long Beach requirements, site constraints, parking considerations, and approval from the appropriate municipal authorities. 6641 Hammond Avenue benefits from a central Long Beach location with convenient access to surrounding employment centers, retail corridors, and neighboring cities including Paramount and Bellflower. Residents are just 0.60 miles from a Target and Food 4 Less anchored retail center along Cherry Avenue, providing convenient access to everyday shopping and essential services. The property is also located approximately 2.5 miles from Lakewood Center, one of the area’s major shopping destinations and employment hubs, offering a wide range of retail, dining, and service-oriented amenities. Overall, 6641 Hammond Avenue represents an attractive Long Beach multifamily opportunity with strong in-place returns, market-rent upside, unmonetized parking income potential, and possible ADU upside.

6641 Hammond Avenue, Long Beach

$599,000

PW26100651 MLS ⋅ Active Status

**2 units delivered vacant** Value-add opportunity in North Long Beach. The property features a 2 bed / 1 bath main house with a bonus room currently used as a third bedroom. There are two additional detached studio units—one in the front and one in the rear (both currently vacant). Property is separately metered with (4) electric meters and (3) gas meters. The property has operated as a triplex for over 30 years and tax records reflect triplex use; however, the current owner has been informed by the City of Long Beach that City records indicate that this is a single-family residence. Seller makes no representations about the legal use of the property. Buyer to independently verify legal use, zoning, and potential paths to legalization. Significant upside for an investor or owner-user willing to navigate the process. Interiors of the front and rear structures recently got new paint and flooring. Middle unit needs TLC.

350 E South, 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.