134 E Market Street

Long Beach, CA 90805

  • 3 Bed(s)
  • 3 Bath(s)
  • 2,722 Sqft
  • 3750
    Sqft(Lot)
$1,450,000

Description

Total 6 units (2x brand new adus & 4x fully renovated units). 100% vacant at close of escrow. located just north of virginia country club and minutes from bixby knolls, trader joe’s, steelcraft, and atlantic avenue’s boutique corridor, 134 e market st. offers investors the rare chance to own a completely repositioned 6-unit multifamily asset in a high-demand, evolving long beach submarket.



this turn-key investment features four fully renovated units and two ground-up, newly constructed adus, all completed in 2024/2025 and delivered 100% vacant at the close of escrow. investors have full lease-up control — with no tenant buyouts, no rent restrictions on the new construction units, and zero deferred maintenance. lease at full market rents and start cash flowing immediately.



every unit has been thoughtfully upgraded or newly constructed with today’s rental market in mind. the property is individually metered for electricity (6 meters) and gas (4 meters; adus are electric only). water and trash are master-metered, with the utility setup creating the potential for rubs implementation, subject to lease terms and management approach — offering an opportunity to streamline expenses and improve net operating income.



with a projected cap rate of 6.43%, pro forma gross income of $143,400, and offered at just $1,450,000, this is a rare chance to acquire a low-maintenance, high-yield multifamily asset in a submarket seeing strong rent growth and city-backed revitalization - one of long beach’s most strategic rental corridors.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50173809

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Interior Features: Ceiling Fan(s),Unfurnished

    Cooling Features

    • Ductless
    • Air Conditioning

    Heating Source

    • Ductless
    • Has Heating

  • Building Information

    • Year Built: 1955
    • Building Area Total: 2,722

    Pool Features

    • None

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.0861
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 3750

  • Listing Price Information

    • Original List Price: 1,450,000
    • Listing Contract Date: 2025-06-13

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7131002007

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 7 - North Long Beach
    • Postal Code Plus 4: 5979
    • Directions: On E Market St between Long Beach Blvd and Atlantic Ave.
    • Zoning: LBCMR
    • Source Property Type: Residential Income
    • Area: 7 - North Long Beach
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 70
    • Common Walls: 2+ Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
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BuyOwner last updated this listing 06/21/2025 @ 04:11

  • MLS: PW25132490
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 3 bedrooms which is for sale, it has 2,722 sqft, 3,750 sized lot, and 0 parking. are nearby neighborhoods.