$1,299,000

Multi Family In Long Beach

  • 5 Beds
  • 4 Baths
  • 7,497 Sqft lot
  • Updated: Today
  • Source:
    San Diego MLS  MLS#PW26223046

About the Property

Six units in three buildings with three separate addresses on an approximately 7,500 sq ft corner lot just north of Downtown Long Beach, across the street from 14th Street Park. Rents were reset in August 2026, bringing scheduled income to $115,492 per year: a 5.54% cap rate and 11.25 GRM at list price. The property offers a mix of one- and two-bedroom units, plus a rentable garage, storage rooms
Six units in three buildings with three separate addresses on an approximately 7,500 sq ft corner lot just north of Downtown Long Beach, across the street from 14th Street Park. Rents were reset in August 2026, bringing scheduled income to $115,492 per year: a 5.54% cap rate and 11.25 GRM at list price. The property offers a mix of one- and two-bedroom units, plus a rentable garage, storage rooms and on-site laundry. The garage also presents potential for conversion to an ADU, subject to buyer verification and city approval. The owner has kept reinvesting. All three buildings were repainted in 2025, the garage has a new door, one unit received new waterproof flooring and new windows, and another has a fully replaced shower and new flooring. Every unit has its own water heater, two of them recently replaced, and gas and electric are separately metered. Solid current income with room to grow, in a location close to Downtown. Offered in as-is condition.
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  • Property type

    Other

  • Floors

    2

Features

  • Garage
  • Playground
  • Washer Dryer
  • Investment Property
  • Gate
  • Garden

Explore the Area

310 W 14th Street, Signal Hill, California, United States View on Google Maps
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Berkshire Hathaway HomeServices California Properties - Newport Beach

Joined 7 months ago
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Berkshire Hathaway HomeServices California Properties - Newport Beach
California, United States
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2
Listings
2026
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Berkshire Hathaway HomeServices California Properties - Newport Beach
Newport Beach, California, United States
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Last updated
Today
First listed
October 15
Listing reference
PW26223046
Listing status
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