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4124 E Broadway, Long Beach, CA 90803

Long Beach
Local realty services provided by:CENTURY 21 Affiliated
4124 E Broadway,Long Beach, CA 90803
$1,999,000
  • - Beds
  • - Baths
  • 2,638 sq. ft.
  • Multi-family
  • Active
Listed by: marie morgenstern
Office: berkshire hathaway homeservice310-318-9386
MLS#:PV26079470
Source:CRMLS

Price summary

  • Price:$1,999,000
  • Price per sq. ft.:$757.77

About this home

4124 E Broadway presents a rare opportunity to acquire a well-maintained Spanish-style residential income property in the highly desirable Belmont Shore / Belmont Heights coastal enclave of Long Beach. The asset consists of four units, including two 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one studio unit (buyer to verify permits), offering a diversified unit mix that supports durable tenant demand across multiple renter profiles.The property generates approximately $ 9,775 in monthly gross income ( $117,300 annually), equating to a 5.4% current cap rate. With demonstrated rental upside and below-market in-place rents, investors can expect an even greater cap rate with strategic interior upgrades, unit turns, and alignment to prevailing market rents. The partially renovated studio unit provides an immediate value-add component, reducing initial capital outlay while illustrating achievable rent premiums. This offering represents a compelling blend of stable cash flow...

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Home facts

  • Year built:1956
  • Listing ID #:PV26079470
  • Added:1 day(s) ago
  • Updated:April 22, 2026 at 04:28 AM

Rooms and interior

  • Flooring:Laminate, Tile, Wood
  • Kitchen Description:Dishwasher, Gas Range, Microwave, Refrigerator
  • Living area:2,638 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1956
  • Building area:2,638 sq. ft.
  • Lot area:0.16 Acres
  • Lot Features:Back Yard, Corner Lot, Front Yard, Lawn, Yard
  • Construction Materials:Concrete, Stucco
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,999,000
  • Price per sq. ft.:$757.77

Features and amenities

  • Appliances:Dishwasher, Dryer, Washer
  • Laundry features:Dryer, Outside, Washer
  • Amenities:Ceiling Fans, Gallery Kitchen

Parking

  • Total parking spaces:4
  • Parking description:Concrete, Door-Multi, Driveway, Driveway Level, Garage, On Street, Paved
  • Garage:Yes
  • Garage spaces:2
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