CA > Long Beach > North Long Beach (Nlb)
Long Beach, CA 90805,402 E Louise ST
Long Beach, CA 90805,402 E Louise ST
Long Beach, CA 90805,402 E Louise ST
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$1,075,000
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402 E Louise ST Long Beach, CA 90805

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Andre Hobbs

Andre Hobbs

+1(619) 349-5151

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision North Long Beach (Nlb)

MLS Listing ID CV25263994

HOA Y/N No

Year Built 1925

Property Sub-Type Quadruplex

Property Description

Welcome to 402 E Louise Street, an exceptional 4-unit income property in North Long Beach featuring two newer ADUs built in 2022. The original duplex was also recently remodeled and was improved with an additional bedroom making both original units 2 bed/1 bath each. This well-maintained asset offers an exceptional blend of stable cash flow, modern construction, very low maintenance and future rent upside. The property consists of two 2-bed/1-bath units, one 1-bed/1-bath and one studio. All separately metered (electric, gas and water) and fully occupied with reliable tenants. Current monthly income is $6,761 ($81,132 annually) with proven upside toward market rents. Both ADUs are in excellent condition and reduce long-term maintenance costs, making this an ideal turnkey investment. Situated on a quiet residential street near shopping, schools, and major commuter routes, this property qualifies for residential 1–4 unit financing, appealing to both investors and owner-users. A fantastic opportunity to own a versatile, income-producing property with legal ADUs and strong long-term value. Don't miss this rare, high-performing 4-plex in the heart of Long Beach!

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Interior

Fireplace No

Laundry None

Exterior

Parking Features Off Street

Pool None

Community Features Sidewalks, Urban, Park

Private Pool No

Building

Lot Description Near Park, Near Public Transit

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7127022034

Acceptable Financing Cash, Cash to New Loan, Conventional, FHA 203(b), FHA, Fannie Mae, Freddie Mac, Government Loan, Submit, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, FHA 203(b), FHA, Fannie Mae, Freddie Mac, Government Loan, Submit, VA Loan

Special Listing Condition Standard

Virtual Tour https://animoto.com/play/56pEZCK4wt16AABkYIhbow

CRMLS – RECore
Listed by Zayda Aguirre-Arriaza INTERNATIONAL REAL ESTATE SVCS 562-713-1318

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Andre Hobbs

Andre Hobbs

San Diego Broker | The Hobbs Valor Group | License ID: 01485241

+1(619) 349-5151

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402 E Louise ST