1339 E Wesley Drive, Long Beach, CA 90806
Local realty services provided by:ERA North Orange County Real Estate
1339 E Wesley Drive,Long Beach, CA 90806
$1,250,000
- - Beds
- - Baths
- 2,904 sq. ft.
- Multi-family
- Pending
Listed by: luen song
Office: coldwell banker realty562-494-4600
MLS#:PW26069273
Source:CRMLS
Price summary
- Price:$1,250,000
- Price per sq. ft.:$430.44
About this home
Introducing 1339 E Wesley Drive, a high-performing 5-unit multifamily asset in Eastside Long Beach featuring a front 1BD/1BA home and a rear 4-unit building with (4) 2BD/1BA units. The property is primarily occupied with Section 8 tenants, providing guaranteed, on-time income and consistent cash flow. In 2025, the property generated approximately $114,000 in gross annual rents, representing an attractive ~9.1% gross yield at the asking price. The property offers on-site parking, a rare and highly desirable amenity in a parking impacted area. All units are separately metered for gas and electricity, include individual water heaters, and the layout is well-suited for RUBS or utility bill-backs, offering additional expense reduction potential. A compelling cash-flow investment with built-in upside in a high-demand rental market.
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Home facts
- Year built:1922
- Listing ID #:PW26069273
- Added:48 day(s) ago
- Updated:May 22, 2026 at 07:39 PM
Rooms and interior
- Living area:2,904 sq. ft.
Structure and exterior
- Year built:1922
- Building area:2,904 sq. ft.
- Lot area:0.15 Acres
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,250,000
- Price per sq. ft.:$430.44
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