
Long Beach, California 90813
This Residential Income Quadruplex is a High-Potential Investment Opportunity, listed at $1,000,000—positioned slightly above the $986,847 Fair Market Value. While the price reflects current market stability, the property features an Excellent Condition Rating with three of four units recently renovated. The delivery of a vacant ground-floor unit provides immediate rental upside or an ideal move-in scenario. With eligibility for a $15,000 grant and low-down-payment financing, this asset is perfectly suited for Buy-and-Hold Investors or first-time buyers looking to house-hack.
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 | $415 | - |
A 1631 Pine Sold | $950,000 | 0 | 0 | 2,320 | $409 | 0.9 mi |
B 1347 Atlantic Active | $1,039,900 List Price | 0 | 0 | 2,085 | $499 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property meets the excellent criteria as three of the four units have been fully renovated within the last five years. Interior images show modern laminate flooring, fresh paint, and updated fixtures, while the description confirms the asset features strong modern upgrades and is well-maintained.
Three of the four units have been fully renovated within the last five years, significantly reducing immediate capital expenditure and providing modern living spaces that attract quality tenants.
The property is eligible for a $15,000 first-time buyer grant and low-down-payment financing, offering a rare, low-barrier entry point for buyers looking to house-hack in a competitive market.
With one ground-floor unit delivered vacant at the close of escrow, an investor can immediately secure market-rate rent or move in without the complications of tenant relocation.
The fourplex sits on a very compact 1,790 square foot lot, which likely limits private outdoor space, on-site parking options, and future expansion potential.
The 'drive-by only' listing status and requirement of an accepted offer prior to interior inspection creates a higher hurdle for buyers to assess the true condition of the non-vacant units.
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 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 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 2,368 | 2,300.724 |
| Lot Size | 1,790 | 5,277.379 |
| Price | $1.00M | $1.24M |
| Price per sq ft | $422 | $513 |
| Built year | 1923 | 1949 |
| HOA | $0 | $0 |
| Days on market | 52 | 74 |
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