134 E Market ST Long Beach, CA 90805
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25132490
HOA Y/N No
Year Built 1955
Lot Size 3,750 Sqft
Property Sub-Type Quadruplex
Property Description
This turn-key investment features four fully renovated units and two ground-up, newly constructed ADUs, all completed in 2024/2025 and delivered 100% vacant at the close of escrow. Investors have full lease-up control — with no tenant buyouts, no rent restrictions on the new construction units, and zero deferred maintenance. Lease at full market rents and start cash flowing immediately.
Every unit has been thoughtfully upgraded or newly constructed with today's rental market in mind. The property is individually metered for electricity (6 meters) and gas (4 meters; ADUs are electric only). Water and trash are master-metered, with the utility setup creating the potential for RUBS implementation, subject to lease terms and management approach — offering an opportunity to streamline expenses and improve net operating income.
With a projected CAP rate of 6.43%, pro forma gross income of $143,400, and offered at just $1,450,000, this is a rare chance to acquire a low-maintenance, high-yield multifamily asset in a submarket seeing strong rent growth and city-backed revitalization - one of Long Beach's most strategic rental corridors.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBCMR
Interior
Interior Features Ceiling Fan(s), Unfurnished
Heating Ductless
Cooling Ductless
Fireplace No
Laundry None
Exterior
Parking Features None
Pool None
Community Features Park, Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7131002007
Acceptable Financing Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Listing Terms Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
