4124 E Broadway,Long Beach, CA 90803
Long Beach, CA 90803
Description
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 amenity that supports rent growth and tenant stability. Located just blocks from the Pacific Ocean and within close proximity to Alamitos Bay Beach, Bluff Park, and the vibrant retail and dining corridor along 2nd Street, the property benefits from exceptional walkability and a premier coastal lifestyle. This irreplaceable location serves as a natural hedge against market volatility, reinforcing long-term appreciation potential. With in-place income, identifiable value-add potential, and positioning within one of Long Beach’s most sought-after rental corridors, 4124 E Broadway offers investors a rare opportunity to acquire a defensible coastal asset with both yield and growth characteristics. Buyers are advised to conduct their own due diligence regarding rent control regulations, permitting, and market rent assumptions.
Details
| MLS # | PV26079470 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1956 |
| Days On Site | 127 |
| Listing Provided By | Berkshire Hathaway HomeService | Marie Morgenstern |
Features
| SQ Feet | 2,638 |
|---|---|
| Garage | 2 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 2 |
| Acreage | 0.16 |
| Property View | Yes |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | Ceiling Fans, Unfurnished, Bedroom On Main Level, Galley Kitchen |
| Appliances | Dishwasher, Gas Range, Microwave, Refrigerator, Dryer, Washer |
| Fireplace Yes / No | Yes |
Exterior
| Construction Materials | Concrete, Stucco |
|---|---|
| Lot Features | Two To Five Units Acre, Back Yard, Corner Lot, Front Yard, Lawn, Yard |
| Fencing | Wood |
Parking
| Parking Features | Concrete, Door Multi, Driveway Level, Driveway, Garage, Paved, On Street |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Curbs, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90803 |
| Area | 2 Belmont Heights | Alamitos Heights |
| Community Name | Belmont Heights (BH) |
| Listing VS Median (in Belmont Heights (BH)) | |
Price: $1,999,000 low | high Med: $1,995,000 sqft: 2,638 low | high Med: 5,554 $ / sqft: $758 low | high Med: $359 On site: 127 low | high Med: 118 | |
Market Activity 90803
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90803 |
| Area | 2 Belmont Heights | Alamitos Heights |
| Community Name | Belmont Heights (BH) |
| Listing VS Median (in Belmont Heights (BH)) | |
Price: $1,999,000 low | high Med: $1,995,000 sqft: 2,638 low | high Med: 5,554 $ / sqft: $758 low | high Med: $359 On site: 127 low | high Med: 118 | |
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