3519 E Colorado, Long Beach, California 90814, Long Beach, 90814 - 4 bed, 3 bath
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Long Beach, California 90814
This Turnkey Quadruplex Asset is listed at $1,996,000, commanding a premium over the $1,618,529 Fair Market Value due to its Excellent Condition Rating and "new-construction" feel. The property delivers immediate performance with $14,500 in total monthly income from four fully renovated units featuring designer kitchens and in-unit laundry. Situated in Belmont Heights within the Long Beach Unified district, its proximity to 2028 Olympic venues ensures sustained rental demand and capital appreciation. This asset is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, maintenance-free coastal investment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3519 E Colorado Subject | $1,996,000* List Price | 4 | 3 | 1,846 | $877 | - |
A 650 Roycroft Sold | $1,475,075 | 5 | 3 | 1,924 | $767 | 0.8 mi |
B 650 Roycroft Sold | $1,475,075 | 0 | 0 | 1,924 | $767 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property has undergone an extensive, high-end renovation that provides a 'new-construction feel.' It features modern kitchens with quartz countertops and stainless steel appliances, designer bathrooms with contemporary tiling and fixtures, new flooring, and updated major systems including plumbing, electrical, and mini-split HVAC units.
The property has been fully renovated with a 'new-construction feel,' featuring updated plumbing, electrical, a new roof on the front building, and modern kitchens and baths, minimizing immediate capital expenditure.
Generating approximately $14,500 in total monthly income, the asset offers an impressive gross rental yield and immediate cash flow within one of Long Beach’s most established rental corridors.
Located less than a mile from 2028 Olympic rowing and coastal events, the property is uniquely positioned to capitalize on the massive surge in housing demand and regional infrastructure investment.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 6.
With a total of 1,846 square feet across four units, the average living space per residence is relatively small, which may limit the tenant profile to individuals or couples seeking minimalist urban living.
The 3,804 square foot lot is modest for a quadruplex, likely resulting in limited outdoor common space and potential challenges with on-site parking in a high-density neighborhood like Belmont Heights.
Turnkey Quadruplex in Belmont Heights | In-Unit Laundry | Prime Location. New-construction feel without the wait. Fully renovated 4 units, perfectly timed ahead of the 2028 Olympics. With 11 different sporting events and 161 ticketed events in Long Beach, imagine the need for housing. Located in the highly desirable Belmont Heights neighborhood, you are only 0.7 miles from the coastal rowing events and 1.4 miles from rowing and canoeing events. This property is in the middle of it all, within one of Long Beach’s most established rental corridors, designed for immediate performance and long-term upside. The unit mix includes (TWO) 2-bed/1-bath residences and (TWO) 1-bed/1-bath residences, each featuring in-unit laundry. Significant improvements include new plumbing and electrical, a new roof on the front building, upgraded kitchens and baths, new flooring, and refreshed landscaping. Current rental performance reflects approximately $14,500 in total monthly income, with one two-bedroom unit at $4,500 per month, the second at $4,000 per month, and each one-bedroom unit at $3,000 per month each. Located minutes from Belmont Shore, Retro Row, neighborhood grocery stores, dining, and convenient access to the 405 and 22 freeways, this asset combines everyday livability with strong rental fundamentals. Long-term growth potential is further supported by Long Beach’s continued infrastructure investment and proximity to upcoming regional demand drivers, including the 2028 Olympics.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 0.0 | 75% |
| Baths | 3.0 | 0.0 | 75% |
| Square foot | 1,846 | 1,924 | 38% |
| Lot Size | 3,804 | 5,653.5 | 13% |
| Price | $2.00M | $1.44M | 88% |
| Price per sq ft | $1.1K | $689 | 88% |
| Built year | 1920 | 1933 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 76 | 116 | 13% |
Feb 5, 2026
$1,996,000
Initial Listing
Jun 14, 2023
$1,075,000
Public Record