4124 Broadway, Long Beach, CA 90803

Long Beach
Local realty services provided by:ERA Excel Realty
4124 Broadway,Long Beach, CA 90803
$1,999,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: marie morgenstern
Office: berkshire hathaway homeservice
MLS#:PV26079470
Source:MLSListings

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...

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Home facts

  • Year built:1956
  • Listing ID #:PV26079470
  • Added:114 day(s) ago
  • Updated:August 14, 2026 at 04:18 PM

Rooms and interior

  • Flooring:Laminate
  • Kitchen Description:Dishwasher, Microwave, Refrigerator

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1956
  • Lot area:0.16 Acres
  • Lot Features:Greenbelt, Mid Block

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$1,999,000

Features and amenities

  • Laundry features:Community Facility, Dryer, In Laundry Room, Washer, Washer/Dryer - Owned
  • Amenities:Ceiling Fan(s)

Parking

  • Parking description:Attached, Garage, Off Street Parking, Other
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