4124 E Broadway, Long Beach, California 90803, Long Beach, 90803 - 0 bed, 0 bath
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Long Beach, California 90803
This Coastal Residential Income Asset is listed at $1,999,000, offering a stable investment in the premier Belmont Heights enclave. Positioned relative to a $1,776,337 Fair Market Value, the property justifies its valuation with a 5.4% Current Cap Rate and identifiable Value-Add Potential through strategic interior upgrades. Holding a Condition Rating of 4, the quadruplex features private patios, city light views, and access to the 9/10 rated Lowell Elementary School. This offering represents a defensible coastal acquisition perfectly suited for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4124 E Broadway Subject | $1,999,000* List Price | 0 | 0 | 2,638 | $673 | - |
A 118 Roycroft Avenue Sold | $1,610,000 | 0 | 0 | 2,722 | $591 | 0.4 mi |
B 118 Roycroft Avenue Sold | $1,610,000 | 5 | 3 | 2,722 | $591 | 0.4 mi |
C 140 Saint Joseph Sold | $1,625,000 | 0 | 0 | 2,424 | $670 | 0.5 mi |
D 61 Bennett Sold | $1,424,003 | 0 | 0 | 2,362 | $603 | 0.3 mi |
E 66 Pomona Ave Sold | $1,675,000 | 0 | 0 | 2,200 | $761 | 0.8 mi |
F 101 Argonne Sold | $2,300,000 | 4 | 4 | 3,028 | $760 | 0.5 mi |
G 3 Euclid Avenue Active | $1,750,000 List Price | 0 | 0 | 2,732 | $641 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, the property is well-maintained but dated. While it features some partial renovations such as newer laminate flooring and fresh paint in some units, the kitchens and bathrooms generally require updates to reach modern market standards. The exterior shows typical age-related wear, and the listing explicitly identifies value-add potential through strategic interior upgrades.
Elementary School: Lowell Elementary School (9/10).
Situated in the highly desirable Belmont Heights/Shore enclave, the property is just blocks from the Pacific Ocean and the vibrant 2nd Street retail corridor, ensuring sustained tenant demand and long-term appreciation.
Boasting a current 5.4% cap rate with below-market rents, the asset offers immediate stable cash flow alongside significant upside through strategic interior renovations and market-rate adjustments.
The studio unit's permit status is unverified, posing a potential risk for the buyer regarding zoning compliance and future legal use of the space.
The property is subject to local and state rent control regulations, which may limit the owner's ability to rapidly increase rents to match market levels despite the identified upside.
4124 E Broadway presents a rare opportunity to acquire a well-maintained Spanish-style residential income property in the highly desirable Belmont Shore / Belmont Heights coastal enclave of Long Beach. The asset consists of four units, including two 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one studio unit (buyer to verify permits), offering a diversified unit mix that supports durable tenant demand across multiple renter profiles.The property generates approximately $ 9,775 in monthly gross income ( $117,300 annually), equating to a 5.4% current cap rate. With demonstrated rental upside and below-market in-place rents, investors can expect an even greater cap rate with strategic interior upgrades, unit turns, and alignment to prevailing market rents. The partially renovated studio unit provides an immediate value-add component, reducing initial capital outlay while illustrating achievable rent premiums. This offering represents a compelling blend of stable cash flow and operational upside, supported by strong underlying fundamentals in a supply-constrained coastal submarket. Belmont Shore/Belmont Heights continues to exhibit high occupancy levels and resilient rent growth due to limited new multifamily development, coastal zoning restrictions, and sustained lifestyle-driven demand. Additional amenities include two single-car garages, two driveway parking spaces, on-site community laundry, and a generously sized communal backyard that enhances tenant livability and retention. Notably, additionally two units feature private outdoor spaces—an increasingly scarce amenity that supports rent growth and tenant stability. Located just blocks from the Pacific Ocean and within close proximity to Alamitos Bay Beach, Bluff Park, and the vibrant retail and dining corridor along 2nd Street, the property benefits from exceptional walkability and a premier coastal lifestyle. This irreplaceable location serves as a natural hedge against market volatility, reinforcing long-term appreciation potential. With in-place income, identifiable value-add potential, and positioning within one of Long Beach’s most sought-after rental corridors, 4124 E Broadway offers investors a rare opportunity to acquire a defensible coastal asset with both yield and growth characteristics. Buyers are advised to conduct their own due diligence regarding rent control regulations, permitting, and market rent assumptions.
No exterior & parking available.
Grades K-5 • 0.5 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 | 2,638 | 2,261.5 | 73% |
| Lot Size | 7,130 | 3,058.5 | 96% |
| Price | $2.00M | $1.61M | 88% |
| Price per sq ft | $758 | $769 | 42% |
| Built year | 1956 | 1946 | 81% |
| HOA | $0 | $0 | 50% |
| Days on market | 46 | 135 | 4% |
Apr 21, 2026
$1,999,000
Initial Listing
Nov 3, 2017
$1,340,000
Public Record
Jan 25, 2006
$1,160,000
Public Record