4124 E BroadwayLong Beach, CA 90803

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 lifestyle-driven demand. Additional amenities include two single-car garages, two driveway parking spaces, on-site community laundry, and a generously sized communal backyard that enhances tenant livability and retention. Notably, additionally two units feature private outdoor spaces—an increasingly scarce amenity that supports rent growth and tenant stability. Located just blocks from the Pacific Ocean and within close proximity to Alamitos Bay Beach, Bluff Park, and the vibrant retail and dining corridor along 2nd Street, the property benefits from exceptional walkability and a premier coastal lifestyle. This irreplaceable location serves as a natural hedge against market volatility, reinforcing long-term appreciation potential. With in-place income, identifiable value-add potential, and positioning within one of Long Beach’s most sought-after rental corridors, 4124 E Broadway offers investors a rare opportunity to acquire a defensible coastal asset with both yield and growth characteristics. Buyers are advised to conduct their own due diligence regarding rent control regulations, permitting, and market rent assumptions.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1956

Stories

2

Building area

2,638 Sq Ft

Lot size

0.16 acres

Garage spaces

2

Parking spaces

4

Days on market

186

MLS^® Listing#

PV26079470

Property Features

Interior

Ceiling Fan(s)

Appliances

Dishwasher · Gas Range · Microwave · Refrigerator · Dryer · Washer

Cooling

None

Heating

Wall Furnace

Flooring

Laminate · Tile · Wood

Fireplace

Living Room

Pool

None

Parking

Concrete · Driveway · Garage · Paved · On Street

Laundry

Common Area · Laundry Room · Outside

Fencing

Wood

Lot features

Back Yard · Corner Lot · Front Yard

Construction

Concrete · Stucco

Community

Curbs · Street Lights · Sidewalks

Utilities

Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

7256012010

Directions

South West corner of Braodway and Roswell