402 E Louise Street, Long Beach, California 90805, Long Beach, 90805 - 0 bed, 0 bath
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Long Beach, California 90805
This Exceptional 4-Unit Income Property is listed at $1,075,000, representing a stable acquisition aligned with its $1,038,789 Fair Market Value. Boasting an Excellent Condition Rating, the asset features two Newer ADUs built in 2022 and a Recently Remodeled Duplex within the Long Beach Unified School District. All units are Separately Metered, currently generating $81,132 in Annual Gross Income with proven rent upside. This turnkey opportunity is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility house-hack with residential financing.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 402 E Louise Street Subject | $1,075,000* List Price | 0 | 0 | 1,805 | $576 | - |
A 1430 E Michelson Street Sold | $850,000 | 0 | 0 | 1,360 | $625 | 0.8 mi |
B 1222 E 57th Sold | $995,000 | 0 | 0 | 1,672 | $595 | 0.7 mi |
C 5886 Myrtle Avenue Sold | $810,000 | 3 | 2 | 1,535 | $528 | 0.6 mi |
D 1222 E 57th Sold | $955,000 | 4 | 2 | 1,672 | $571 | 0.7 mi |
E 242 E Del Amo Active | $875,000 List Price | 0 | 0 | 1,504 | $582 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property features two ADUs built in 2022, which are virtually new. The original duplex, built in 1925, has also undergone a recent and extensive remodel, as evidenced by the modern kitchens and bathrooms shown in the images. The kitchens boast white shaker cabinets, light quartz countertops, stainless steel appliances, subway tile backsplashes, and recessed lighting. Bathrooms are equally updated with modern vanities, fixtures, and subway-tiled showers with glass doors. New LVP/laminate flooring is consistent throughout the living areas and bedrooms. The overall condition, combining new construction with a comprehensive recent renovation of the older units, meets the criteria for an 'excellent' rating, indicating minimal physical depreciation and current quality standards.
This is an exceptional 4-unit income property, fully occupied with reliable tenants, generating a current monthly income of $6,761 ($81,132 annually) with proven upside toward market rents.
The property includes two newer ADUs built in 2022, which are in excellent condition and significantly reduce long-term maintenance costs, making it an ideal turnkey investment.
The original duplex units have been recently remodeled and improved with an additional bedroom each, enhancing their appeal and reducing immediate capital expenditure for a new owner.
Despite recent remodels, the original duplex was built in 1925, meaning the underlying structure is nearly a century old, which could lead to unforeseen maintenance issues or limitations not covered by cosmetic updates.
With a total square footage of 1805 sqft for four units (two 2-bed, one 1-bed, one studio), the individual unit sizes are likely relatively small, which might limit tenant appeal or rent potential compared to properties with larger units.
Located in Long Beach, the property's older units (original duplex) may be subject to local rent control ordinances, potentially limiting the 'proven upside toward market rents' for a portion of the property's income stream.
Welcome to 402 E Louise Street, an exceptional 4-unit income property in North Long Beach featuring two newer ADUs built in 2022. The original duplex was also recently remodeled and was improved with an additional bedroom making both original units 2 bed/1 bath each. This well-maintained asset offers an exceptional blend of stable cash flow, modern construction, very low maintenance and future rent upside. The property consists of two 2-bed/1-bath units, one 1-bed/1-bath and one studio. All separately metered (electric, gas and water) and fully occupied with reliable tenants. Current monthly income is $6,761 ($81,132 annually) with proven upside toward market rents. Both ADUs are in excellent condition and reduce long-term maintenance costs, making this an ideal turnkey investment. Situated on a quiet residential street near shopping, schools, and major commuter routes, this property qualifies for residential 1–4 unit financing, appealing to both investors and owner-users. A fantastic opportunity to own a versatile, income-producing property with legal ADUs and strong long-term value. Don’t miss this rare, high-performing 4-plex in the heart of Long Beach!
No exterior & parking available.
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 | 1,805 | 1,743 | 60% |
| Lot Size | 3,836 | 5,122 | 20% |
| Price | $1.07M | $845.0K | 84% |
| Price per sq ft | $596 | $548 | 76% |
| Built year | 1925 | 1948 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 140 | 210 | 16% |
Dec 3, 2025
$1,075,000
Initial Listing
Oct 13, 1999
$96,000
Public Record