1339 E Wesley Drive, Long Beach, CA 90806

About this property

Introducing 1339 E Wesley Drive, a high-performing 5-unit multifamily asset in Eastside Long Beach featuring a front 1BD/1BA home and a rear 4-unit building with (4) 2BD/1BA units. The property is primarily occupied with Section 8 tenants, providing guaranteed, on-time income and consistent cash flow. In 2025, the property generated approximately $114,000 in gross annual rents, representing an attractive ~9.1% gross yield at the asking price. The property offers on-site parking, a rare and highly desirable amenity in a parking impacted area. All units are separately metered for gas and electricity, include individual water heaters, and the layout is well-suited for RUBS or utility bill-backs, offering additional expense reduction potential. A compelling cash-flow investment with built-in upside in a high-demand rental market.

Listing description from the June 2026 sale, as reported to CRMLS.

Sale history

$1,220,000

Sold June 2026 · listed $1,250,000, on market March 2026 · MLS #PW26069273 · Source: CRMLS

Listing Agent: Luen Song · Listing Office: Coldwell Banker Realty · Contact: write.luen@gmail.com · Bought with: Andrew Poland Villagomez · Real Broker

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