241 Lindero Avenue, Long Beach, CA 90803
Local realty services provided by:ERA Carlile Realty Group
241 Lindero Avenue,Long Beach, CA 90803
$1,800,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Coming Soon
Listed by: jon perez
Office: first team real estate714-974-9191
MLS#:PW26062713
Source:CRMLS
Price summary
- Price:$1,800,000
About this home
Prime Long Beach income property located in the highly desirable Belmont Heights / Bluff Heights area, just off Broadway, offering an exceptional opportunity for investors seeking a coastal multifamily asset. With a Walk Score of 94 out of 100, this highly walkable fourplex is approximately 0.3 miles to the beach and conveniently close to Belmont Shore and Shoreline Village, providing easy access to dining, shopping, and entertainment.
This well-maintained 4-unit property consists of approximately 4,032 square feet of living space on a 6,109 square foot lot and was built in 1969. The property features a strong unit mix of one spacious 3-bedroom, 2-bath unit and three 2-bedroom, 1-bath units, spread across two levels.
One unit is currently vacant, offering immediate flexibility for an owner-occupant or the ability to lease at current market rent and increase cash flow. One of the units has been recently updated with a brand new kitchen, flooring, and bathroom, enhancing overall tenant appeal.
Recent improvements include a roof replacement completed within the past few years. The property is also scheduled for termite clearance and exterior painting, providing a refreshed and updated appearance for future ownership.
The rear of the property features two 2-car garages, with each unit assigned one garage space, plus an additional dedicated parking space for the 3-bedroom unit, totaling five parking spaces. Ample street parking adds further convenience, which is a valuable feature in this highly sought-after Long Beach location.
Priced at approximately $446 per square foot, this Long Beach multifamily property offers strong in-place income with upside potential. Based on current rents, the property is performing at approximately a 4.8% cap rate, with the ability to increase to roughly 6%+ once the vacant unit is leased at market rent.
Ideal for investors searching for a fourplex near the beach, a Long Beach income property with strong rental demand, or a value-add multifamily opportunity in one of the most desirable coastal communities in Los Angeles County....
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Home facts
- Year built:1969
- Listing ID #:PW26062713
- Added:10 day(s) ago
- Updated:April 19, 2026 at 10:34 AM
Rooms and interior
- Flooring:Carpet, Laminate
- Kitchen Description:Disposal, Electric Range, Free Standing Range, Range Hood
Heating and cooling
- Heating:Radiant
Structure and exterior
- Roof:Composition
- Year built:1969
- Lot Features:Front Yard, Near Park, Near Public Transit, Walkstreet
- Architectural Style:Traditional
- Construction Materials:Brick, Concrete, Drywall, Stucco, Wood Siding
- Foundation Description:Slab
- Levels:2 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,800,000
Features and amenities
- Appliances:Disposal, Electric Range, Free Standing Range
- Laundry features:Inside
- Amenities:Carbon Monoxide (CO2) Detector, Ceiling Fans, Open Floor Plan, Water Heater
Parking
- Total parking spaces:5
- Parking description:Concrete, Door-Multi, Driveway, Garage, Garage Door Opener, Garage Faces Rear, One Space, Uncovered
- Garage:Yes
- Garage spaces:4
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