134 E Market Street, Long Beach, CA 90805 - Berkshire Hathaway HomeServices California Properties
134 E Market Street Long Beach, CA 90805
$1,450,000 0 beds, 0 baths
0 sqft

Agent Remarks

TOTAL 6 UNITS (2x Brand New ADUs & 4x Fully Renovated Units). 100% VACANT AT CLOSE OF ESCROW. Located just north of Virginia Country Club and minutes from Bixby Knolls, Trader Joe’s, SteelCraft, and Atlantic Avenue’s boutique corridor, 134 E Market St. offers investors the rare chance to own a completely repositioned 6-unit multifamily asset in a high-demand, evolving Long Beach submarket. This turn-key investment features four fully renovated units and two ground-up, newly constructed ADUs, all completed in 2024/2025 and delivered 100% vacant at the close of escrow. Investors have full lease-up control — with no tenant buyouts, no rent restrictions on the new construction units, and zero deferred maintenance. Lease at full market rents and start cash flowing immediately. Every unit has been thoughtfully upgraded or newly constructed with today’s rental market in mind. The property is individually metered for electricity (6 meters) and gas (4 meters; ADUs are electric only). Water and trash are master-metered, with the utility setup creating the potential for RUBS implementation, subject to lease terms and management approach — offering an opportunity to streamline expenses and improve net operating income. With a projected CAP rate of 6.43%, pro forma gross income of $143,400, and offered at just $1,450,000, this is a rare chance to acquire a low-maintenance, high-yield multifamily asset in a submarket seeing strong rent growth and city-backed revitalization - one of Long Beach’s most strategic rental corridors.

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active
MLS# PW25132490
List price is $1,450,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1955
0.09 acres
Lot size: 0.0861
Subdivision: n/a
County: Los Angeles
Zoning: LBCMR
Interior features: Ceiling Fan(s),Unfurnished
Parking description: None
Lot description: SixToTenUnitsAcre
Heating/cooling: Ductless
Heating description: Ductless
MLS area: 7 - North Long Beach

Last Updated: 6/23/2025

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This listing belongs to the 7 - North Long Beach MLS area

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Lat/Long: 33.854005, -118.192828.
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Listing Agent: Naomi Yamagami Reed
Co Listing Agent: Andrea Swann
Lic#: 01234982
Office Name: Mission Viejo

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