402 E Louise Street, Long Beach, CA 90805
402 E Louise Street, Long Beach, CA 90805
402 E Louise Street, Long Beach, CA 90805
402 E Louise Street, Long Beach, CA 90805
402 E Louise Street, Long Beach, CA 90805
402 E Louise Street, Long Beach, CA 90805
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Erick Sevilla

Erick Sevilla

+1(858) 461-8194
$ 1,075,000
Est. payment | /mo

5 Beds

4 Baths

3,836 Sqft Lot

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$ 1,075,000
Est. payment | /mo
Save Virtual Tour

5 Beds

4 Baths

3,836 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision North Long Beach (Nlb)

MLS Listing ID CV25263994

Bedrooms 5

Lot Size 3,836 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Welcome to 402 E Louise Street, an exceptional 4-unit income property in North Long Beach featuring two newer ADUs built in 2022. The original duplex was also recently remodeled and was improved with an additional bedroom making both original units 2 bed/1 bath each. This well-maintained asset offers an exceptional blend of stable cash flow, modern construction, very low maintenance and future rent upside. The property consists of two 2-bed/1-bath units, one 1-bed/1-bath and one studio. All separately metered (electric, gas and water) and fully occupied with reliable tenants. Current monthly income is $6,761 ($81,132 annually) with proven upside toward market rents. Both ADUs are in excellent condition and reduce long-term maintenance costs, making this an ideal turnkey investment. Situated on a quiet residential street near shopping, schools, and major commuter routes, this property qualifies for residential 14 unit financing, appealing to both investors and owner-users. A fantastic opportunity to own a versatile, income-producing property with legal ADUs and strong long-term value. Dont miss this rare, high-performing 4-plex in the heart of Long Beach!

Location

State CA

County Los Angeles

Zoning Assessor

Direction North of Market St / West of Atlantic Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 7127022034

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Virtual Tour https://animoto.com/play/56pEZCK4wt16AABkYIhbow

MLS Router / San Diego MLS
Listed by Zayda Aguirre-Arriaza, DRE#01999166 INTERNATIONAL REAL ESTATE SVCS 

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Erick Sevilla

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(858) 461-8194

erick.sevilla@lptrealty.com

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402 E Louise Street