Homes for sale - 1921 E Washington Street, Long Beach, CA 90805

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Danielle Broad

smiles4dee@gmail.com +1(925) 383-9200

$1,150,000

Est. payment - /mo

7 Beds

3,184 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,184 sqft

Price per Sqft $361

MLS Listing ID CRPW25003991

Bedrooms 7

HOA Y/N No

Year Built 1949

Lot Size 5,600 Sqft

Acres 0.13

Property Sub-Type Quadruplex

Property Description

** MAJOR PRICE REDUCTION** Perfect for investors with a current cap rate of 6.77% and GRM of 13.31 and a market cap rate of 8.47% and GRM of 10.86. Located on a quiet side street off one of the major thoroughfares in North Long Beach providing a great location and ease of commute for tenants. The property is close to local bus stops, multiple parks, and shopping centers, as well as The Michelle Obama Library. The property sits within 2 miles of both the 91 and 710 freeways. The property is also only a short drive to both downtown Long Beach and the Beach. This fourplex consists of a front building made up of three 1 Bed 1 Bath units each with a garage, and a rear building which is a detached 4 Bed 2 Bath house The rear house sits at ~1728 sqft. While the front building units average ~485 sqft. The tenants pay their own utilities, keeping the utilities low. This building is currently fully occupied and has had less than 3% vacancy over the last 3 years. Two of the units have been partially renovated during the most recent tenant transitions. This property also has storage and laundry room opportunities for potential sellers to build out. Price $1,150,000 Price/Unit $287,500 Price/sqft $361 Current Cap Rate 6.77% Market Cap Rate 8.47% Current GRM 13.31 Market GRM 10.86

Location

State CA

County Los Angeles

Zoning LBR2

Interior

Fireplace No

Laundry Common Area

Exterior

Exterior Feature Other

Total Parking Spaces 3

Building

New Construction No

Others

Tax ID 7128032018

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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

Listed by Perry Karn • Southland Property Group

+1(925) 383-9200

smiles4dee@gmail.com

1921 E Washington Street Long Beach, CA 90805