$1,300,000
$1,199,999 8.3%
Est. payment /mo
8 Beds
4 Baths
4,806 Sqft Lot
Sold on 08/11/2026
1216 E 56th Long Beach, CA 90805
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Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID DW26145351
Bedrooms 8
Lot Size 4,806 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Great investment opportunity in Long Beach! This upgraded quadplex offers strong income potential with an approximate **7% cap rate** and **one unit currently vacant**, creating an ideal option for an owner-user or investor looking to place a new tenant at market rent. The property features **four total units**, with the remaining units occupied and income-producing. Recent improvements include an updated exterior, refreshed interiors in select units, modern finishes, and clean curb appeal. Each unit has dedicated parking, adding convenience and value for tenants. With solid rental income, recent upgrades, and upside potential through the vacant unit, this property is a great addition to any rental portfolio. Along with Community Laundry. Buyer to verify all rents, expenses, cap rate, permits, unit mix, and property details.
Location
State CA
County Los Angeles
Zoning Public Rec
Interior
Heating Radiant
Exterior
View Y/N No
Building
Story 2
Others
Acceptable Financing Conventional, FHA, VA
Listing Terms Conventional, FHA, VA
Listed by Christina Mercado, DRE#02074083 Circle Real Estate
Bought with Craig Cornwell Coldwell Banker Realty
Bought with Craig Cornwell Coldwell Banker Realty
NEARBY SCHOOL & BUSINESS
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