958 2nd st, Long Beach, CA 90802
Active
$1,625,000
4 Units
4 Beds
4 Baths
3,296 Area(sq.ft.)
Lot: 2,581 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 958 | 1 | 1 | No | $ 1,625 | $ 19,500 | $ 2,550 |
| Unit 2 | 960 | 1 | 1 | No | $ 1,650 | $ 19,800 | $ 2,550 |
| Unit 3 | 962 | 1 | 1 | No | $ 2,275 | $ 27,300 | $ 2,550 |
| Unit 4 | 964 | 1 | 1 | No | $ 2,295 | $ 27,540 | $ 2,550 |
| 3844 | 3844 | 3844 | $ 7,541,680 | $ 90,500,160 | $ 9,802,200 |
| MLS #: | 25513849 |
| Days On Market: | 30 |
| Listing Date: | March 19, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 493 |
| Price per unit: | $ 406,250 |
| Year Built: | 1922 |
Property Details
Unlock the potential of this charming 4-plex property with four spacious 1-bedroom, 1-bathroom units, ideally situated just steps from the beach in beautiful Long Beach. Whether you're looking to expand your portfolio or find a lucrative rental property, this gem offers exceptional value and prime positioning.Located just a short stroll from the beach, residents will enjoy easy access to coastal living, scenic views, and the laid-back California lifestyle. The property is within walking distance to the vibrant Belmont Shore area, known for its trendy shops, cafes, and entertainment venues, as well as the renowned Retro Row, famous for its eclectic mix of vintage shops and dining spots. With its proximity to the expanding Port of Long Beach, one of the busiest and most important ports in the world, this property offers strong rental demand, ideal for both long-term tenants and vacation rentals. As Long Beach continues to develop and the Port of Long Beach expands, this area is primed for even greater appreciation in property values and rental income potential. Each of the four 1-bed, 1-bath units offers comfortable living spaces, with plenty of room to make your own mark. This property has been lovingly maintained and is ready for its next owner. This rare opportunity combines a fantastic location with solid income potential and long-term growth. Don't miss out on this perfect blend of beachside charm and investment opportunity in one of Southern California's hottest real estate markets. Full Offering Memorandum in Documents.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 91,304 |
| Total Annual Expense: | $ 34,350 |
| Net Operating Income: | $ 56,954 |
| Gross Annual Income: | $ 94,128 |
| Gross Rent Multiplier: | 17.26 |
Structure
| Type of Units: | 1 Bedroom 1 |
| Buildings: | 1 |
| Levels: | Two |
| Security Features: | Smoke Detector, Carbon Monoxide Detector(s) |
| Water: | Public |
Land & Parking
| Zoning: | LBR4R |
| Parking Garage: | On street |
Interior
| AC/Cooling: | Wall/Window |
| Equipment: | Garbage Disposal, Freezer, Dishwasher, Washer, Range/Oven |
| Heating: | Wall |
| Laundry: | Laundry Area |
Exterior
Detailed Map
Schools
Find a great school for your child
Income
