134 E Market Street, Long Beach, CA 90805

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Glen Henderson

Premier Homes Team, a division of Big Block Realty

[email protected] +1(619) 889-7646

$1,450,000

Est. payment - /mo

3 Beds

3 Baths

3,750 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25132490

Bedrooms 3

HOA Y/N No

Lot Size 3,750 Sqft

Property Sub-Type Res Income 2-4 Units

Type of Financing Exchange

Property Description

TOTAL 6 UNITS (2x Brand New ADUs & 4x Fully Renovated Units). 100% VACANT AT CLOSE OF ESCROW. Located just north of Virginia Country Club and minutes from Bixby Knolls, Trader Joes, SteelCraft, and Atlantic Avenues boutique corridor, 134 E Market St. offers investors the rare chance to own a completely repositioned 6-unit multifamily asset in a high-demand, evolving Long Beach submarket. This turn-key investment features four fully renovated units and two ground-up, newly constructed ADUs, all completed in 2024/2025 and delivered 100% vacant at the close of escrow. Investors have full lease-up control with no tenant buyouts, no rent restrictions on the new construction units, and zero deferred maintenance. Lease at full market rents and start cash flowing immediately. Every unit has been thoughtfully upgraded or newly constructed with todays rental market in mind. The property is individually metered for electricity (6 meters) and gas (4 meters; ADUs are electric only). Water and trash are master-metered, with the utility setup creating the potential for RUBS implementation, subject to lease terms and management approach offering an opportunity to streamline expenses and improve net operating income. With a projected CAP rate of 6.43%, pro forma gross income of $143,400, and offered at just $1,450,000, this is a rare chance to acquire a low-maintenance, high-yield multifamily asset in a submarket seeing strong rent growth and city-backed revitalization - one of Long Beachs most strategic rental corridors.
TOTAL 6 UNITS (2x Brand New ADUs & 4x Fully Renovated Units). 100% VACANT AT CLOSE OF ESCROW. Located just north of Virginia Country Club and minutes from Bixby Knolls, Trader Joes, SteelCraft, and Atlantic Avenues boutique corridor, 134 E Market St. offers investors the rare chance to own a completely repositioned 6-unit multifamily asset in a high-demand, evolving Long Beach submarket. This turn-key investment features four fully renovated units and two ground-up, newly constructed ADUs, all completed in 2024/2025 and delivered 100% vacant at the close of escrow. Investors have full lease-up control with no tenant buyouts, no rent restrictions on the new construction units, and zero deferred maintenance. Lease at full market rents and start cash flowing immediately. Every unit has been thoughtfully upgraded or newly constructed with todays rental market in mind. The property is individually metered for electricity (6 meters) and gas (4 meters; ADUs are electric only). Water and trash are master-metered, with the utility setup creating the potential for RUBS implementation, subject to lease terms and management approach offering an opportunity to streamline expenses and improve net operating income. With a projected CAP rate of 6.43%, pro forma gross income of $143,400, and offered at just $1,450,000, this is a rare chance to acquire a low-maintenance, high-yield multifamily asset in a submarket seeing strong rent growth and city-backed revitalization - one of Long Beachs most strategic rental corridors.

Location

State CA

County Los Angeles

Area Long Beach (90805)

Zoning Assessor

Building

Lot Description Sidewalks

Story 2

Lot Size Range 1-3999 SF

Others

Monthly Total Fees $58

Acceptable Financing Exchange

Listing Terms Exchange

CFD/Mello-Roos Fee $706

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Listed by Naomi Yamagami Reed • Sage Real Estate Group, Inc.

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

134 E Market Street Long Beach, CA 90805

Glen Henderson

Key Details

Location

Building

Others

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