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In-PersonVirtual Tour
$ 1,075,000
Est. payment | /mo
5 Beds
3,836 Sqft Lot
$ 1,075,000
Est. payment | /mo
5 Beds
3,836 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID CV25263994
Bedrooms 5
Lot Size 3,836 Sqft
Property Sub-Type Res Income 2-4 Units
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 14 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. Dont miss this rare, high-performing 4-plex in the heart of Long Beach!
Location
State CA
County Los Angeles
Zoning Assessor
Direction North of Market St / West of Atlantic Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7127022034
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Virtual Tour https://animoto.com/play/56pEZCK4wt16AABkYIhbow
Listed by Zayda Aguirre-Arriaza INTERNATIONAL REAL ESTATE SVCS
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Krystal Lane
Partner | Lic# 1918284