1045 E New York Street

Long Beach, CA 90813

  • 6 Bed(s)
  • 4 Bath(s)
  • 1,811 Sqft
  • 1856
    Sqft(Lot)
$795,000

Description

1045–1047 e new york street presents a unique 4-unit investment opportunity in north east long beach, consisting of two separate parcels: a front single-family residence and a rear triplex. while the properties are being sold together, each has separate utilities and water meters and can be financed or sold independently, offering flexibility for both investors and owner-users. this layout creates potential for a buyer to live in the single-family home while holding or later selling the triplex as a separate investment.

the unit mix includes a 2-bedroom, 1-bath single-family home with a 1-car garage and two tandem driveway spaces, and a rear triplex comprised of one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units. the combined building area totals 1,811 square feet across a total lot size of 3,747 square feet, with 649 square feet allocated to the front home and 1,162 square feet to the rear triplex. the triplex is accessed from the alley and utilizes street parking.

the property currently operates at a 4.72% cap rate, with approximately 40% rental upside and a projected market cap rate of 7.57%. since the triplex sits on a separate parcel, it is not subject to the city of long beach’s inspection requirements for properties with four or more units. additionally, because the property is located in a traffic-impacted area, the front house will require a standard garage inspection and the rear triplex will require a separate garage exemption certificate.

centrally located near long beach polytechnic high school and theodore roosevelt elementary, the property benefits from strong local demand, convenient freeway access, and close proximity to everyday amenities. whether you’re a first-time investor or looking to expand your long beach portfolio, 1045–1047 e new york street offers both stability and long-term upside in a growing rental market.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50215311

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1922
    • Building Area Total: 1,811

    Pool Features

    • None

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.0426
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 1856

  • Listing Price Information

    • Original List Price: 795,000
    • Listing Contract Date: 2025-06-17

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7268021026

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 9 - Poly High
    • Postal Code Plus 4: 2157
    • Directions: 3 Parcels West of Lemon Ave and E New York Street
    • Zoning: LBR1N
    • Source Property Type: Residential Income
    • Area: 9 - Poly High
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 103
    • Common Walls: 2+ Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 06/21/2025 @ 03:53

  • MLS: SB25136125
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 6 bedrooms which is for sale, it has 1,811 sqft, 1,856 sized lot, and 2 parking. are nearby neighborhoods.