1020 E BroadwayLong Beach, CA 90802

Description

Excellent investment opportunity in the heart of Long Beach. This well-maintained four-unit property features an attractive unit mix consisting of three 2-bedroom/1-bath units and one spacious 3-bedroom/2-bath unit. The property is currently fully occupied and generates approximately $10,197 in monthly rental income. Recent improvements include upgraded electrical panels, providing additional value and reduced future capital expenditure. Conveniently located near Downtown Long Beach, shopping, dining, public transportation, major freeways, and the waterfront. An ideal opportunity for investors seeking stable in-place income with potential for future rental growth. Please do not disturb occupants. Drive by only. Property will be shown with an accepted offer. Buyer and buyer’s agent to independently verify all property information, rents, expenses, permits, and square footage.

Property Information

Property type

Residential Income

Sub-type

Apartment

Year built

1963

Stories

2

Building area

3,743 Sq Ft

Lot size

0.09 acres

Lot dimensions

50 x 75

Garage spaces

3

Parking spaces

3

Zoning

LBR4N

Days on market

72

MLS^® Listing#

SB26155227

Property Features

Appliances

Built-In Range · Electric Range · Gas Range

Cooling

Electric · Gas

Heating

Electric

Flooring

Wood

Fireplace

Bath · Dining Room · Family Room · Kitchen · Library · Living Room · Master Bedroom

Pool

None

Laundry

Common Area

Utilities

Natural Gas Available · Sewer Available

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$32,388Tax year 2025

Parcel number

7265002024

Directions

From Alamitos Avenue, head east on E Broadway. The property is located between Orange Avenue and Bonito Avenue.