Overview

Property ID: DW26145351

Quadruplex, Residential Income
Property Type

4.0
Garages

3906 Sqft
Area Size

1965
Year Built

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.

Address

Open on Google Maps

Address: 1216 E 56th
City: Long Beach
State/county: CA
Zip/Postal Code: 90805
Area: North Long Beach (NLB)
Country: US

Details

Updated on July 4, 2026 at 5:46 am

Property ID DW26145351
Price $1,199,999
Property Size 3906 Sqft
Land Area 0.1103 Acres
Garages 4.0
Year Built 1965
Property Type Quadruplex, Residential Income
Property Status Active

Additional details

Listing Terms Cash to New Loan, Conventional, FHA, VA Loan
Utilities Cable Available, Electricity Available, Sewer Available, Water Available
Sewer Public Sewer
Cooling None
Heating Radiant
County Los Angeles
Property Type Residential Income
Pool None
Parking Assigned, Carport
Community Features Street Lights, Sidewalks