4124 E Broadway, Long Beach, CA 90803
Local realty services provided by:ERA North Orange County Real Estate
4124 E Broadway,Long Beach, CA 90803
$1,999,000
- 6 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: marie morgenstern
Office: berkshire hathaway homeservice
MLS#:PV26079470
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,999,000
About this home
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 spacesan increasingly scarce a...
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Home facts
- Listing ID #:PV26079470
- Added:11 day(s) ago
- Updated:May 03, 2026 at 02:23 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
Structure and exterior
- Construction Materials:Stucco
- Levels:2 Story
Finances and disclosures
- Price:$1,999,000
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