4124 E Broadway, Long Beach, CA 90803

$1,999,000

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),… Read More 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 spaces—an 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. Read Less

Listing Snapshot

Days Online

Last Updated

May 1, 2026

Property Type

Quadruplex

Lot Size

0.16 Acres

Year Built

1956

MLS Number

PV26079470

Additional Details

Property Access

Frontage Type: CityStreet, Road Surface: Paved

Appliances & Equipment

Dishwasher, GasRange, Microwave, Refrigerator, Dryer, Washer

Building

Built in 1956, 2 buildings, 2 stories, Levels: Two, Entry level: 2, Entry location: 5, Construction Materials: Concrete, Stucco

Community

Curbs, StreetLights, Sidewalks

Cooling

None

Expenses

Electric: $2,891, Gardener: $1,560, Insurance: $4,005, Maintenance: $7,433, Operating: $18,232.4, Supplies: $2,434, Trash: $1,883, Water/Sewer: $1,883, Other Expense: $149

Fence

Wood

Fireplaces

LivingRoom

Floors

Laminate, Tile, Wood

Garage

2 spaces

Heating

WallFurnace

Home Owner's Association

Association Fee: $0

Income

Gross ScheduledIncome: $122,870, Net Operating Income: $104,637

Interior Features

CeilingFans, Unfurnished, BedroomOnMainLevel, GalleyKitchen

Laundry

CommonArea, LaundryRoom, Outside

Lot

0.1637 acres, TwoToFiveUnitsAcre, BackYard, CornerLot, FrontYard, Lawn, Yard

Parking

2 open parking spaces, 4 total parking spaces, Concrete, DoorMulti, DrivewayLevel, Driveway, Garage, Paved, OnStreet

Pool

None

Property

CityLights, Neighborhood

Sewer

PublicSewer

Taxes

Additional parcels description:, Parcel Number: 7256012010, Tax Block: A, Lot: 8

Tenant Pays

AllUtilities, CableTv, Electricity, Gas, TrashCollection, Water

Utilities

ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected, Water Source: Public, 2 separate electric meters, 2 separate gas meters

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4124 E Broadway

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