1216 E 56th, Long Beach, CA 90805
Fourplex
Sold August 2026
Listing Agent: Christina Mercado (DRE #02074083) · Listing Office: Circle Real Estate · Contact: 323-799-0599 · Bought with: Craig Cornwell · Coldwell Banker Realty · MLS #DW26145351 · Source: CRMLS
How this sale compares
1216 E 56th sold for $1,300,000 in August 2026, 8.3% over its $1,199,999 list price, after 7 days on the market. Across 168 closed sales in 90805 over the last 12 months, the median sold price is $730,000 and the median is $577 per square foot.
| Quarter | Closed sales in 90805 | Median sold price |
|---|---|---|
| Q1 2026 | 6 | $730,000 |
| Q2 2026 | 78 | $730,000 |
| Q3 2026 | 68 | $725,000 |
| Q4 2026 | 16 | $727,500 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Long Beach · Homes for sale in 90805
Description
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.
Listing description from the August 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 1216 E 56th
1315 E 55th: Sold $790,000 · 2 bd · 1 ba · 891 sqft · Oct 2026 · 0.1 mi
Keller Williams Realty | DRE #02441332
Buyer's agent: Eloy Villamil, ROA California Inc. | DRE #017998361404 E Michelson: Sold $694,000 · 2 bd · 1 ba · 820 sqft · Aug 2026 · 0.1 mi
Coldwell Banker Envision | DRE #01049079
Buyer's agent: Alex Guyenne, Keller Williams Pacific Estates | DRE #020220041170 E South Street: Sold $1,301,000 · Aug 2026 · 0.2 mi
Century 21 Diamond | DRE #01197234
Buyer's agent: Sophea Pel, ReMax Tiffany Real Estate | DRE #014915561073 E Plymouth Street: Sold $790,000 · 4 bd · 2 ba · 1,745 sqft · Aug 2026 · 0.3 mi
GROW Detovi, Inc | DRE #01357848
Buyer's agent: Bryan Melgoza-de Paz, PLF Real Estate Solutions | DRE #020473341651 E South: Sold $1,287,500 · Oct 2026 · 0.3 mi
Sky View Real Estate | DRE #01217793
Buyer's agent: Matthew Mahowald, Buckingham Investments, Inc | DRE #020017325924 Lewis: Sold $800,000 · 3 bd · 2 ba · 1,176 sqft · Oct 2026 · 0.4 mi
Century 21 Realty Masters | DRE #02162918
Buyer's agent: Diego Godoy, Century 21 Realty Masters | DRE #021629185816 Linden 2: Sold $649,990 · 2 bd · 3 ba · 1,403 sqft · Aug 2026 · 0.5 mi
KB Home Sales-Southern CA, Inc | DRE #01234145
Buyer's agent: NonMember Paradise, Non-Member Office Paradise | DRE #N/A5718 Linden Avenue: Sold $780,000 · 4 bd · 3 ba · 1,504 sqft · Sep 2026 · 0.5 mi
Closed sales reported in 90805, nearest first, last 12 months. All recent sales in Long Beach →