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Listed by Zayda Aguirre-Arriaza • INTERNATIONAL REAL ESTATE SVCS
$ 1,075,000
Est. payment /mo
Active
402 East Louise Street Long Beach, CA 90805
1,805 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,805 sqft
Price per Sqft $595
Subdivision North Long Beach
MLS Listing ID CV-25263994
Year Built 1925
Lot Size 3,836 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
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
Laundry None
Exterior
Parking Features Off Street
Pool None
Community Features Park, Sidewalks, Urban
Building
Lot Description Near Public Transit, Park Nearby
Sewer Other, Public Sewer
Others
Virtual Tour https://animoto.com/play/56pEZCK4wt16AABkYIhbow
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