92 E Louise, Long Beach, CA, 90805

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$1,100,000
53 Days On Site

92 E Louise
Long Beach, CA 90805

For Sale|Quadruplex|Active Under Contract
0
Beds
0
Total Baths
2,961
SqFt
$371
/SqFt
1953
Built
Subdivision:
North Long Beach (NLB)
County:
Los Angeles
Listed by Robert Stepp of Keller Williams Realty Downey rstepp@steppcommercial.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
92 E Louise92 E Louise92 E Louise92 E Louise
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92 E. Louise Street presents the opportunity to acquire a well- maintained four-unit multifamily property offering strong in-place cash flow, meaningful rental upside, and additional long-term value creation potential in North Long Beach. Built in 1953, the property consists entirely of two-bedroom/one- bath units, each approximately 740 square feet, providing a highly desirable and consistent unit mix with broad renter appeal. Current rents average approximately $2,138 per month, compared with nearby rent comparables averaging approximately $2,538 per month, demonstrating substantial embedded rental upside. The property has also benefited from several significant capital improvements, including new windows throughout the building, recent re-piping, exterior painting within the past three years, and a new electronic security gate. These improvements reduce near- term capital expenditure exposure while enhancing the property's overall functionality and tenant appeal. The property's four detached garages and additional surface spaces present the opportunity to add immediate income through parking fees or convert garages to ADUs for future additional rental income (buyer to verify).The offering compares favorably with recent four-unit sales in the surrounding market. At $275, 000 per unit, 92 E. Louise is priced below the comparable-set average of approximately $306,750 per unit, while offering a substantially stronger going-in yield than the comparable average cap rate of approximately 5.32% For investors seeking strong current yield with identifiable upside, 92 E. Louise Street offers a compelling combination of in-place cash flow, below-market rents, an all-two-bedroom unit mix, recent capital improvements, and potential future ADU development—all at a basis below recent comparable four-unit sales.

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Listing Snapshot
Price 
$1,100,000
Days On Site 
53 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,961 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1345 Acres
Year Built 
1953
MLS® Number 
PW26180123
Status 
Active Under Contract
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 weeks agoStatus changed to Active Under Contract
4 weeks agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.1345
Garage 
Yes
Garage Spaces 
4
Land Lease 
No
Number Of Stories 
2
Parking Spaces 
4
Property Sub Type 
Quadruplex
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
2961
Water Source 
Public
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Community Features
Community Features 
Sidewalks
MLS Area 
7 - North Long Beach
Financing Terms Available 
Cash1031 Exchange
Building Access 
1


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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