This beautifully remodeled 4-unit property in the heart of Zaferia presents an incredible investment opportunity with strong rental income potential. Spanning 3,940 square feet on a 6,537-square-foot lot, this spacious building consists of two 3-bedroom, 2-bathroom units, one 2-bedroom, 1-bathroom unit, and one 1-1, one-bathroom unit. With proforma rents of… Read More $3,650 and $3,150 for the three-bedroom units, $2,550 for the two-bedroom unit, and $2,150 for the one-bedroom unit, this property offers a projected monthly rental income $11,400 ($137,400 annually), making it a true cash cow for investors. The property includes 3 garages and 2 uncovered parking spaces, ensuring ample parking for tenants. Recent renovations have enhanced the interiors, offering modern finishes and attractive living spaces that are highly desirable in today’s rental market. Located in the vibrant Zaferia neighborhood of Long Beach, this property is surrounded by a mix of historic charm and modern conveniences. Originally established as a streetcar suburb, Zaferia has evolved into a dynamic district known for its eclectic dining, boutique shopping, and thriving local businesses. Just minutes away, tenants can enjoy popular spots like The Bamboo Club, a beloved tiki bar and restaurant, and Los Compadres, known for its authentic Mexican cuisine. Nearby coffee shops such as Commodity and Black Dog Coffee Roasters provide great local hangouts, while retail options like Lazy Acres Natural Market and LBX Exchange offer convenient shopping experiences. The neighborhood is also adjacent to Rose Park and just a short drive from Cal State Long Beach, Retro Row, and Belmont Shore, making it an attractive location for a wide range of tenants. Read Less
Property listed by Bret Lewis, Broker, Bret Lewis 480-225-6616
Listing Snapshot
Days Online
36
Last Updated
Property Type
Quadruplex
Lot Size
0.15 Acres
Year Built
1958
MLS Number
PW25073637
30 Days Snapshot Of 90804
$717k
+5%
(avg) sold price
10
0%
homes sold
85
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
GasRange, Refrigerator
Building
Built in 1958, Building area total: 3,940, Levels: Two, 2 stories, 1 building, Common walls: NoCommonWalls
Community
Urban
Garage
3 spaces
Income
Gross income: $138,000, Net operating income: $138,000
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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