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1216 E 56th Long Beach, CA 90805
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Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID DW26145351
Sold Date 08/11/26
Construction Status Turnkey
HOA Y/N No
Year Built 1965
Lot Size 4,804 Sqft
Property Sub-Type Quadruplex
Property Description
Great investment opportunity in Long Beach! This upgraded quadplex offers strong income potential with an approximate **7% cap rate** and **one unit currently vacant**, creating an ideal option for an owner-user or investor looking to place a new tenant at market rent. The property features **four total units**, with the remaining units occupied and income-producing.
Recent improvements include an updated exterior, refreshed interiors in select units, modern finishes, and clean curb appeal. Each unit has dedicated parking, adding convenience and value for tenants. With solid rental income, recent upgrades, and upside potential through the vacant unit, this property is a great addition to any rental portfolio. Along with Community Laundry.
Buyer to verify all rents, expenses, cap rate, permits, unit mix, and property details.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Interior
Heating Radiant
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area, In Garage, Laundry Room, Stacked
Exterior
Parking Features Assigned, Carport
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available
View Y/N No
View None
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 7128013003
Acceptable Financing Cash to New Loan, Conventional, FHA, VA Loan
Listing Terms Cash to New Loan, Conventional, FHA, VA Loan
Financing VA
Special Listing Condition Standard, No Smoking
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Bought with Craig Cornwell Coldwell Banker Realty
Nearby Locations
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