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134 E Market Street, Long Beach, CA 90805
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$1,350,000
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Home Details for 134 E Market Street
Price
$1,350,000
Type
Condo/Townhome
Year Build
1955
Lot Size
0.0861
County
Los Angeles
MLS®️ Listing#
PW25132490
On exitrealty.com
120 days
Property Description
TOTAL 6 UNITS (2x Brand New ADUs & 4x Fully Renovated Units). 100% VACANT AT CLOSE OF ESCROW. Located just north of Virginia Country Club and minutes from Bixby Knolls, Trader Joe’s, SteelCraft, and Atlantic Avenue’s boutique corridor, 134 E Market St. offers investors the rare chance to own a completely repositioned 6-unit multifamily asset in a high-demand, evolving Long Beach submarket.
This turn-key investment features four fully renovated units and two ground-up, newly constructed ADUs, all completed in 2024/2025 and delivered 100% vacant at the close of escrow. Investors have full lease-up control — with no tenant buyouts, no rent restrictions on the new construction units, and zero deferred maintenance. Lease at full market rents and start cash flowing immediately.
Every unit has been thoughtfully upgraded or newly constructed with today’s rental market in mind. The property is individually metered for electricity (6 meters) and gas (4 meters; ADUs are electric only). Water and trash are master-metered, with the utility setup creating the potential for RUBS implementation, subject to lease terms and management approach — offering an opportunity to streamline expenses and improve net operating income.
This is a rare chance to acquire a low-maintenance, high-yield multifamily asset in a submarket seeing strong rent growth and city-backed revitalization - one of Long Beach’s most strategic rental corridors. OM (Investment Package) available upon request!
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- Utilities
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Water Connected
- Cooling Information
- Ductless
- Heating Information
- Ductless
- Water Features
- Public
- House Interior
- Ceiling Fan(s)
- Parking
- None
Listing Courtesy: Sage Real Estate Group, Inc. - 310-803-7662. Presented by: Naomi Yamagami Reed and Andrea Swann
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-10-10 15:43:14 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Market statistics compiled from data from California Regional MLS.
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EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA DRE# 01516899. Lorenzo Castillo Broker.
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$1,350,000
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EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA DRE# 01516899. Lorenzo Castillo Broker.