1216 E 56th, Long Beach, CA 90805
1216 E 56th, Long Beach, CA 90805
1216 E 56th, Long Beach, CA 90805
1216 E 56th, Long Beach, CA 90805
1216 E 56th, Long Beach, CA 90805
1216 E 56th, Long Beach, CA 90805
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Robert Cole

Robert Cole

Real Brokerage Technologies

+1(714) 253-3777
$ 1,199,999
Est. payment | /mo

4,804 Sqft Lot


Save
$ 1,199,999
Est. payment | /mo
Save

4,804 Sqft Lot

Open House

Sat Jul 11, 11:00am - 2:00pm

Sun Jul 12, 11:00am - 2:00pm

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision North Long Beach (Nlb)

MLS Listing ID DW26145351

Construction Status Turnkey

HOA Y/N No

Year Built 1965

Lot Size 4,804 Sqft

Property Sub-Type Quadruplex

Property Description

Great investment opportunity in Long Beach! This upgraded quadplex offers strong income potential with an approximate **7% cap rate** and **one unit currently vacant**, creating an ideal option for an owner-user or investor looking to place a new tenant at market rent. The property features **four total units**, with the remaining units occupied and income-producing.

Recent improvements include an updated exterior, refreshed interiors in select units, modern finishes, and clean curb appeal. Each unit has dedicated parking, adding convenience and value for tenants. With solid rental income, recent upgrades, and upside potential through the vacant unit, this property is a great addition to any rental portfolio. Along with Community Laundry.

Buyer to verify all rents, expenses, cap rate, permits, unit mix, and property details.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Interior

Heating Radiant

Cooling None

Fireplaces Type None

Inclusions in Unit Appliances , & Community Washers and Dryers

Fireplace No

Laundry Common Area, In Garage, Laundry Room, Stacked

Exterior

Parking Features Assigned, Carport

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available

View Y/N No

View None

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 7128013003

Acceptable Financing Cash to New Loan, Conventional, FHA, VA Loan

Listing Terms Cash to New Loan, Conventional, FHA, VA Loan

Special Listing Condition Standard, No Smoking

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Christina Mercado Circle Real Estate 323-799-0599, DRE #02074083

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Robert Cole

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

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1216 E 56th