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ResidentialIncome — 1216 E 56th, Long Beach, CA

$1,199,999

1216 E 56th, Long Beach, CA

$1,199,999 — 1216 E 56th, Long Beach, CA — photo 1 $1,199,999 — 1216 E 56th, Long Beach, CA — photo 2 $1,199,999 — 1216 E 56th, Long Beach, CA — photo 3 $1,199,999 — 1216 E 56th, Long Beach, CA — photo 4 $1,199,999 — 1216 E 56th, Long Beach, CA — photo 5
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About this property

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.

Property details

Year built
1965
Property type
ResidentialIncome

Location

1216 E 56th • Long Beach, CA 90805

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Listed by

Christina Mercado · Circle Real Estate

Listing courtesy of Circle Real Estate. Information deemed reliable but not guaranteed.

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