1030 Myrtle Avenue

Long Beach, CA 90813

  • 10 Bed(s)
  • 4 Bath(s)
  • 3,040 Sqft
  • 6535
    Sqft(Lot)
$1,550,000

Description

2005 construction and just outside of downtown long beach, this quadruplex has three large 3 bedroom 1 bathroom apartments, and one 1 bedroom 1 bathroom apartment. the strong income in place has this building at a grm of 13.3x and a cap rate of 4.2%, and there is approximately 15% upside in the rents. the building features onsite laundry in select units, a large 2 car garage for each unit with extra parking on the driveway, and is separately metered for gas and electricity. there is a path to substantial upside via the conversion of some of the 8 garage spots to adus, as well as offsetting some of the expenses through the use of rubs.



the building is just 3 blocks north of downtown long beach, with ongoing new developments of over $8 billion. it offers excellent transit access only a few blocks to the metro blue line rail station, pch, and the 710 freeway. over 60% of households within 5 miles are renters with an average household income of over $94,000. (per costar)

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Modern

  • AD ID

    48816937

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Flat
    • Interior Features: Balcony
    • Property Appliances: Gas Oven,Gas Range
    • Fireplace: None

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 2005
    • Building Area Total: 3,040
    • Construction: Stucco
    • Roof: Flat

    Foundation

    • Slab

    Accessibility Features

    • None

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Gas Dryer Hookup

    Fencing

    • Wrought Iron

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.15
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6535

  • Listing Price Information

    • Original List Price: 1,550,000
    • Listing Contract Date: 2025-02-14

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7274010011

  • Garage and Parking

    • Garage Description: Garage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 4 - Downtown Area, Alamitos Beach
    • Postal Code Plus 4: 7700
    • Directions: North of 10th, West of MLK
    • Zoning: LBR4R
    • Source Property Type: Residential Income
    • Area: 4 - Downtown Area, Alamitos Beach
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 20
    • Common Walls: 2+ Common Walls
    • Property Condition: Repairs Cosmetic
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/26/2025 @ 00:26

  • MLS: SB25042498
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 10 bedrooms which is for sale, it has 3,040 sqft, 6,535 sized lot, and 8 parking. are nearby neighborhoods.