43
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$1,150,000
Est. payment /mo
7 Beds
3,184 SqFt
Active
1921 E Washington Street Long Beach, CA 90805
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,184 sqft
Price per Sqft $361
MLS Listing ID CRPW25003991
Bedrooms 7
HOA Y/N No
Year Built 1949
Lot Size 5,600 Sqft
Acres 0.13
Property Sub-Type Quadruplex
Property Description
** MAJOR PRICE REDUCTION** Perfect for investors with a current cap rate of 6.77% and GRM of 13.31 and a market cap rate of 8.47% and GRM of 10.86. Located on a quiet side street off one of the major thoroughfares in North Long Beach providing a great location and ease of commute for tenants. The property is close to local bus stops, multiple parks, and shopping centers, as well as The Michelle Obama Library. The property sits within 2 miles of both the 91 and 710 freeways. The property is also only a short drive to both downtown Long Beach and the Beach. This fourplex consists of a front building made up of three 1 Bed 1 Bath units each with a garage, and a rear building which is a detached 4 Bed 2 Bath house The rear house sits at ~1728 sqft. While the front building units average ~485 sqft. The tenants pay their own utilities, keeping the utilities low. This building is currently fully occupied and has had less than 3% vacancy over the last 3 years. Two of the units have been partially renovated during the most recent tenant transitions. This property also has storage and laundry room opportunities for potential sellers to build out. Price $1,150,000 Price/Unit $287,500 Price/sqft $361 Current Cap Rate 6.77% Market Cap Rate 8.47% Current GRM 13.31 Market GRM 10.86
Location
State CA
County Los Angeles
Zoning LBR2
Interior
Fireplace No
Laundry Common Area
Exterior
Exterior Feature Other
Total Parking Spaces 3
Building
New Construction No
Others
Tax ID 7128032018
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Perry Karn • Southland Property Group
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289
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