1136 E Alhambra Court, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
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Long Beach, California 90813
This Residential Income Quadruplex is a High-Potential Investment Opportunity, listed at $1,000,000—positioned slightly above the $985,958 Fair Market Value. Despite the premium, the property offers significant stability with an Excellent Condition Rating, as three of the four units have been fully renovated within the last five years. The vacant ground-floor unit provides immediate rental upside, making this an ideal acquisition for Buy-and-Hold Investors or first-time buyers utilizing the $15,000 grant and low-down-payment financing to optimize cash-on-cash returns.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1136 E Alhambra Court Subject | $1,000,000* List Price | 0 | 0 | 2,368 | $416 | - |
A 1631 Pine Sold | $950,000 | 0 | 0 | 2,320 | $409 | 0.9 mi |
B 913 Walnut Avenue Sold | $845,000 | 0 | 0 | 1,650 | $512 | 0.5 mi |
C 1612 E 7th Sold | $1,150,000 | 0 | 0 | 3,022 | $381 | 0.7 mi |
D 1347 Atlantic Active | $1,049,900 List Price | 0 | 0 | 2,085 | $504 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1923, the property meets the 'Excellent' criteria as three of the four units have been fully renovated within the last five years. Interior photos show modern laminate flooring, fresh paint, and updated fixtures, making it move-in ready with recent capital improvements.
Three of the four units have been fully renovated within the last five years, significantly reducing immediate capital expenditure and maintenance requirements for a new owner.
The property is eligible for a $15,000 first-time buyer grant and low-down-payment financing (3.5%), providing a highly accessible entry point for those looking to live in one unit while collecting rent.
The ground-floor unit will be delivered vacant at the close of escrow, allowing an investor to immediately capture top-of-market rental rates without the delay of tenant turnover.
The 'drive-by only' restriction and requirement of an accepted offer for interior inspections creates a barrier to entry and increases the complexity of the initial due diligence process.
A fourplex situated on a compact 1,790 square foot lot suggests extremely limited outdoor space and potential parking challenges, which may impact long-term tenant retention.
1136 E. Alhambra Court is a well-maintained fourplex featuring immediate value-add upside. Excellent opportunity for owner-occupants eligible for up to $15,000 in grant funding! The asset features strong modern upgrades, with three of the four units having been fully renovated within the last five years. The freshly updated ground-floor unit will be delivered vacant at the close of escrow, allowing an incoming investor to immediately secure top-of-market rental rates or providing an ideal opportunity for an owner-occupant to move in on day one. For buyers looking to occupy the vacant unit, the property qualifies for low-down-payment financing programs requiring as little as 3.5% down, which can be paired with an available $15,000 first time buyer grant (buyer to verify eligibility) to significantly lower the initial capital requirement and optimize cash-on-cash returns. Drive-by only; please do not disturb the occupants. Interior inspection is contingent upon an accepted offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,368 | 2,100 |
| Lot Size | 1,790 | 5,077.5 |
| Price | $1.00M | $1.14M |
| Price per sq ft | $422 | $519 |
| Built year | 1923 | 1950 |
| HOA | $0 | $0 |
| Days on market | 2 | 68 |
Jul 20, 2026
$1,000,000
Initial Listing
Nov 16, 2021
$780,000
Public Record
Jan 11, 2017
$550,000
Public Record
May 31, 2012
$353,000
Public Record
Nov 7, 2008
$320,000
Public Record
Mar 10, 2006
$600,000
Public Record