4124 E Broadway, Long Beach, CA 90803
4124 E Broadway, Long Beach, CA 90803
4124 E Broadway, Long Beach, CA 90803
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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
Listed by Marie Morgenstern, DRE #01962710 • Berkshire Hathaway HomeService
$1,999,000
Est. payment /mo
7,130 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPV26079470

Year Built 1956

Lot Size 7,130 Sqft

Property Sub-Type Fourplex

Source California Regional MLS

Property Description

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 and operational upside, supported by strong underlying fundamentals in a supply-constrained coastal submarket. Belmont Shore/Belmont Heights continues to exhibit high occupancy levels and resilient rent growth due to limited new multifamily development, coastal zoning restrictions, and sustained lifest

Location

State CA

County Los Angeles

Area 2 - Belmont Heights, Alamitos Heights

Rooms

Kitchen Dishwasher, Microwave, Other, Oven Range - Gas, Refrigerator

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate

Laundry In Laundry Room, Other, Washer, Washer/Dryer - Owned, Community Facility, Dryer

Exterior

Parking Features Attached Garage, Garage, Off-Street Parking, Other

Garage Spaces 4.0

Pool 31, None

View Local/Neighborhood, City Lights

Building

Water District - Public

Others

Tax ID 7256012010

Special Listing Condition Not Applicable

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Agent DRE01254724 / 01254725

Agent DRE01254724 / 01254725

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