2122 E 10th Street, Long Beach, California 90804, Long Beach, 90804 - 0 bed, 0 bath
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Long Beach, California 90804
This High-Yield Quadruplex represents a High-Potential Investment Opportunity, listed at $1,599,999 which reflects a stable entry point at its $1,599,999 Fair Market Value. Renovated in 2021, the asset produces a substantial $132,000 annual gross income through a Diverse Unit Mix of one to four-bedroom layouts. Boasting a Condition Rating of 3, the property is situated near Lincoln Elementary and Jefferson Leadership Academies. It is an optimal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to house-hack using FHA financing.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2122 E 10th Street Subject | $1,599,999* List Price | 0 | 0 | 3,658 | $437 | - |
A 1120 Raymond Avenue Active | $1,310,000 List Price | 0 | 0 | 3,720 | $352 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property, a fourplex built in 1963, was reportedly 'renovated in 2021' according to the listing description. While some units (e.g., images 8-10) showcase modern updates like LVP flooring, light blue shaker cabinets, white countertops, and recessed lighting, other units (e.g., images 3, 4, 6) retain older elements such as carpeting, popcorn ceilings, and dated white kitchen appliances with laminate countertops. However, even in these older-style units, bathrooms (image 5) appear to have been recently and thoroughly updated with modern vanities, tiled showers, and glass enclosures. The exterior of the building shows its age. Overall, the property is move-in ready with significant recent updates, but the inconsistent level of renovation across all units and the older exterior prevent it from reaching an 'Excellent' rating where all components would be virtually new.
The property is currently generating an impressive annual gross income of approximately $132,000, indicating strong cash flow and reliable returns with room for further growth.
Renovated in 2021, the property features modern updates designed to enhance comfort, durability, and long-term value, reducing the need for significant near-term improvements.
The fourplex offers a well-balanced variety of unit layouts (1-bed, 4-bed, 3-bed units), appealing to a wide range of tenants and maximizing occupancy and rental demand.
Built in 1963, the property's underlying infrastructure (e.g., plumbing, electrical, foundation) may be older, potentially leading to unforeseen maintenance or upgrade costs despite the recent remodel.
The lot size of 3250 sqft is relatively small for a fourplex, which could limit tenant amenities such as ample parking, private outdoor spaces, or future expansion opportunities.
While a remodel was completed in 2021, the description lacks specific details on the scope of work (e.g., roof, windows, HVAC, major systems), leaving potential unknowns regarding the condition of critical components.
Welcome to this exceptional investment opportunity, a remodeled fourplex offering a diverse mix of unit sizes and strong rental income potential. Renovated in 2021, the property combines modern updates with impressive cash flow, making it an ideal choice for both seasoned investors and owner-occupants seeking to offset their mortgage with rental income. The fourplex features a one-bedroom, one-bath unit with 559 square feet of comfortable living space, a spacious four-bedroom, two-bath unit with 1,080 square feet and its own garage, a three-bedroom, two-bath unit with 1,094 square feet and garage access, and a three-bedroom, one-bath unit with 915 square feet. This well-balanced variety of layouts appeals to a wide range of tenants, maximizing occupancy and rental demand. Currently generating an impressive annual gross income of approximately $132,000, the property delivers reliable returns with room for further growth. With one unit vacant, buyers may qualify for FHA financing or take advantage of owner-occupant opportunities, allowing favorable terms while benefiting from immediate rental income from the remaining tenants. The remodel completed in 2021 included thoughtful updates designed to enhance comfort, durability, and long-term value, reducing the need for significant near-term improvements. From its strong rental history to its desirable unit mix and updated condition, this fourplex is a rare find in today’s market. Whether you are looking to expand your investment portfolio with a high-yield, low-vacancy property or secure a home that pays for itself through rental income, this opportunity checks all the boxes.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 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 | 3,658 | 2,081.5 | 90% |
| Lot Size | 3,250 | 6,133.5 | 5% |
| Price | $1.60M | $1.01M | 95% |
| Price per sq ft | $437 | $513 | 20% |
| Built year | 1963 | 1928 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 263 | 163 | 95% |
Sep 16, 2025
$1,599,999
Initial Listing
Apr 20, 2021
$1,180,000
Public Record
Feb 22, 2017
$820,000
Public Record
Sep 2, 2016
$740,000
Public Record
May 25, 2000
$292,500
Public Record