90805 Homes with Quadruplex Subtype

90805 Homes with Quadruplex Subtype

Welcome to the vibrant community of Long Beach, California, nestled in the heart of Los Angeles County, where the zip code 90805 offers a unique blend of urban convenience and suburban charm. Known for its diverse neighborhoods and rich cultural tapestry, Long Beach is a city that embraces both the coastal lifestyle and the hustle and bustle of city living.

In the 90805 area, homebuyers will find an exciting array of real estate options, particularly the increasingly popular quadruplex properties. These unique homes, designed to accommodate four separate living units, are perfect for investors looking to maximize rental income or for multi-generational families seeking to live together while maintaining their privacy. Quadruplexes in Long Beach not only provide a lucrative investment opportunity but also offer flexibility and community, allowing residents to enjoy the benefits of close proximity to one another.

The 90805 zip code boasts easy access to major highways, public transportation, and an abundance of local amenities, including parks, shopping centers, and dining options that cater to every taste. With its sunny California weather and proximity to beautiful beaches, this area is ideal for those who appreciate an active outdoor lifestyle.

Whether you’re looking to invest or find your dream home, the quadruplex properties in Long Beach’s 90805 zip code present an exceptional opportunity. Embrace the charm of this dynamic community and discover the potential that awaits in your next real estate venture!

Newest 90805 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.