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4133 E Mendez, Long Beach, California 90815, Long Beach, 90815 - bed, bath

4133 E Mendez, Long Beach, California 90815 home-pic-0
ACTIVE$1,699,000
4133 E Mendez, Long Beach, California 90815
0Bed
0Bath
5,979Sqft
5,979Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Significant Rental Upside: All three occupied units are currently rented well below market rates and are on month-to-month leases, offering immediate opportunity for a new owner to increase Net Operating Income (NOI) by adjusting rents to market value.
Top Cons:
Age of Property & Potential for Systemic Updates: Built in 1963, the property's age suggests that while some updates have been made (roof, showers), other major systems (e.g., plumbing, electrical, HVAC, windows) may be original or require significant capital expenditure in the near future.

Compared to the nearby listings

Price:$1.70M vs avg $1.33M (+$369,000)67%
Size:5,979 sqft vs avg 2,835 sqft83%
Price/sqft:$284 vs avg $55217%

More Insights

Built in 1963 (62 years old).
Condition: The property, built in 1963, shows a mix of conditions. While the roof was replaced 7 years ago and one unit is described as 'ready to move in' with new laminate flooring and fresh paint, and the front unit has 'newly remodeled showers,' other units clearly feature outdated elements. Images reveal worn, stained carpets, older ceiling fans, and bathrooms with dated vanities and basic fixtures (linoleum/vinyl flooring, standard tub surrounds). There are no clear images of kitchens, but given the age and other dated features, it's likely they also require updates. The property is functional but requires significant updates and repairs in multiple units to meet current quality standards, particularly in flooring, kitchens, and some bathrooms.
Year Built
1963
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$284
HOA
-
Days on market
-
Sold On
-
MLS number
OC25243281
Home ConditionFair
Features
Patio
View-

About this home

ONE UNIT WILL BE DELIVERED READY TO MOVE IN!! Investor's Dream Opportunity! Live in one unit and rent out the others! - Seasoned or First Time Multifamily Buyers discover the perfect investment opportunity with this fantastic and highly sought after four-plex in Long Beach, conveniently located near the Outer Traffic Circle. This property offers a variety of attractive features including; Front House: spacious 3 bedroom, 2 bath home with huge dining room living room, and newly remodeled showers. Additional units: Three large 2 Bedroom units, each with easy access to a community courtyard, open space, and laundry room. Parking and Storage: Every unit includes an assigned private garage. Recent Upgrades: Both showers in the front unit have been remodeled. Roof was replaced approx. 7 years ago. Convenience: Individually metered for electricity and gas. Built in the 1960's and not many opportunities for a four-plex in this area, this property includes a spacious courtyard and secure, income generating community laundry room with shared machines and separate garages. Prime Location: Just blocks from Alamitos and Junipero Beaches, and close to Cal State University Long Beach, the 2nd & PCH shopping center, Long Beach Exchange, The Hangar, golf courses, parks, and public transit. Rental Potential: All three rented units are well under current market rates. Opportunity to increase NOI immediately. Don't miss this rare chance to own a versatile multi-family property in a high demand area. Unit 1: 3 bed, 2 bath, approx. 1300 sqft. Unit 2: 2 bed, 2 bath approx 1000 sqft. Unit 3: 2 bed, 1 bath approx. 900 sqft Unit 4: 2 bed, 1 bath approx 1100 sq.ft. Each unit has a detached one car garage. All units that are occupied are on a month to month lease.

Condition Rating
Fair
The property, built in 1963, shows a mix of conditions. While the roof was replaced 7 years ago and one unit is described as 'ready to move in' with new laminate flooring and fresh paint, and the front unit has 'newly remodeled showers,' other units clearly feature outdated elements. Images reveal worn, stained carpets, older ceiling fans, and bathrooms with dated vanities and basic fixtures (linoleum/vinyl flooring, standard tub surrounds). There are no clear images of kitchens, but given the age and other dated features, it's likely they also require updates. The property is functional but requires significant updates and repairs in multiple units to meet current quality standards, particularly in flooring, kitchens, and some bathrooms.
Pros & Cons

Pros

Significant Rental Upside: All three occupied units are currently rented well below market rates and are on month-to-month leases, offering immediate opportunity for a new owner to increase Net Operating Income (NOI) by adjusting rents to market value.
Prime Location & Amenities: Strategically located near Alamitos and Junipero Beaches, Cal State University Long Beach, and major shopping/entertainment centers (2nd & PCH, Long Beach Exchange), ensuring high tenant demand and desirability. Includes a community courtyard and income-generating laundry.
Desirable Unit Mix & Features: A four-plex featuring a spacious 3-bedroom, 2-bath front unit and three large 2-bedroom units, each with an assigned private detached garage, a valuable amenity in urban areas.
Owner-Occupant Investment Potential: One unit will be delivered vacant and ready for immediate occupancy, providing an ideal opportunity for an owner-occupant to live in one unit while generating income from the others.
Recent Key Upgrades & Individual Metering: Recent updates include remodeled showers in the front unit and a roof replacement approximately 7 years ago, reducing immediate capital expenditure. Individually metered for electricity and gas, minimizing landlord utility costs.

Cons

Age of Property & Potential for Systemic Updates: Built in 1963, the property's age suggests that while some updates have been made (roof, showers), other major systems (e.g., plumbing, electrical, HVAC, windows) may be original or require significant capital expenditure in the near future.
Lack of Premium Views: The property explicitly states 'view: None,' indicating an absence of scenic or desirable vistas that could otherwise enhance tenant appeal or property value.
Limited Individual Outdoor Space: While a community courtyard is available, the description does not highlight private outdoor spaces for individual units, which can be a desirable amenity for tenants in a multi-family property.

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