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1020 East Broadway, Long Beach, CA, 90802

9beds
5baths
3,743sqft
$2,600,000
$695price/sqft
$17,678/moest. monthly cost
$707,120/yrincome needed

About This Home

Excellent investment opportunity in the heart of Long Beach. This well-maintained four-unit property features an attractive unit mix consisting of three 2-bedroom/1-bath units and one spacious 3-bedroom/2-bath unit. The property is currently fully occupied and generates approximately $10,197 in monthly rental income. Recent improvements include upgraded electrical panels, providing additional value and reduced future capital expenditure. Conveniently located near Downtown Long Beach, shopping, dining, public transportation, major freeways, and the waterfront. An ideal opportunity for investors seeking stable in-place income with potential for future rental growth. Please do not disturb occupants. Drive by only. Property will be shown with an accepted offer. Buyer and buyer’s agent to independently verify all property information, rents, expenses, permits, and square footage.

Getting Around

94
WalkingWalker's Paradise
69
TransitGood Transit
82
BikeVery Bikeable

Schools

5/10
7/10
Polytechnic High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 1963

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Built-In Range,Electric Range,Gas Range
  • Laundry features: Common Area

Bedroom

  • Features: All Bedrooms Down

Bedrooms & Bathrooms

  • Bedrooms: 9
  • Bathrooms: 5

Features

  • All Bedrooms Down
  • Flooring: Wood
  • Fireplace features: Bath,Dining Room,Family Room,Kitchen,Library,Living Room,Primary Bedroom
  • Fireplace: Yes
  • Common walls with other units/homes: 1 Common Wall

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Electric,Gas

Interior Area

  • Total structure area: 3,743
  • Total interior livable area: 3,743 sqft

Property

Details

  • Parcel number: 7265002024
  • Attached to another structure: Yes
  • Zoning: LBR4N
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: 1
  • Pool features: None
  • Spa features: None
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 3,743 sqft
  • Features: 2-5 Units/Acre
  • Lot size dimensions: 50 x 75

Parking

  • Total spaces: 3
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3