1117 Euclid, Long Beach, California 90804, Long Beach, 90804 - 0 bed, 0 bath
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Long Beach, California 90804
This 4-unit Residential Income Asset represents a Strong Value Opportunity, listed at $1,750,000—positioned well above the $1,741,098 Fair Market Value by 0.5%. While priced at market, the property offers a stable, high-yield income stream with a Condition Rating of 5, featuring a New Roof and Separately Metered Utilities. The rare 4BR and 5BR unit mix maximizes rental demand, while the 8-space garage provides essential ancillary income. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Investors seeking to modernize interiors to capture higher market rents.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1117 Euclid Subject | $1,750,000* List Price | 0 | 0 | 5,100 | $341 | - |
A 1600 Junipero Avenue Sold | $1,500,000 | 0 | 0 | 4,266 | $352 | 0.9 mi |
B 1717 Temple Avenue Active Under Contract | $1,850,000 List Price | 9 | 9 | 4,746 | $390 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1991, the property is 35 years old, placing it in the >30y category. Although the listing mentions a new roof and 'well-maintained' status, the interior images reveal original, dated bathroom fixtures and finishes that require significant rehabilitation/updates to meet modern market standards.
Elementary School: Fremont Elementary School (9/10).
The rare inclusion of four-bedroom and five-bedroom units within a quadruplex allows for maximized rental income and caters to a high-demand niche for larger family households.
Beyond residential rents, the property features eight separately rented garage spaces generating an additional $800 per month, significantly enhancing the overall gross yield.
The large unit configurations (4BR and 5BR) typically lead to higher tenant density, which can result in accelerated wear and tear on the property's interior and common areas.
Laundry hookups are only available in select units rather than site-wide, which may create a tiered rental value and limit the leasing appeal of the smaller units.
Well-maintained 4-unit residential income property located in the desirable Eastside neighborhood of Long Beach. Built in 1991, the building offers 5,100 sq. ft. of living space on a 6,245 sq. ft. lot with a diverse unit mix comprised of — 2BR/1BA | 2BR/1BA | 4BR/2BA | 5BR/2BA ideal for maximizing rental income. The property generates $11,150 in total monthly gross income ($133,800 annually), comprised of $10,350 in residential rents and $800 in garage income across eight separately rented garage spaces. The varied unit mix appeals to a wide range of tenants, from small households to larger families — supporting strong occupancy and tenant retention. The utilities are separately metered for gas and electricity. Select units include in-unit laundry hookups, and a new roof reduces near-term capital expenditure concerns for investors. Located in one of Long Beach's most established and sought-after neighborhoods, this asset offers stable residential demand with convenient access to local shops, dining, parks, and major thoroughfares.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 5,100 | 1,977.5 | 95% |
| Lot Size | 6,245 | 6,129 | 50% |
| Price | $1.75M | $980.0K | 95% |
| Price per sq ft | $343 | $536 | 9% |
| Built year | 1991 | 1936 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 152 | 5% |
May 30, 2026
$1,750,000
Initial Listing
Sep 28, 2001
$450,000
Public Record
Jan 20, 2000
$320,500
Public Record