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USACALong BeachN/a134 E Market St
134 E Market St, Home with 0 bedrooms, 0 bathrooms and null parking in Long Beach CA | Image 1
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$1,450,000

134 E Market St, Long Beach, CA

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage No
Taxes 
Days Active 2
Lot Size 
Approx. Age 1955
MLS® Number PW25132490

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® NumberPW25132490
Laundry LevelNone
Central VacNo
FireplaceNo
Acreage0.0861
Exterior
GarageNo
Approx. Age1955
Basement
DrivewayNone
Garage Spaces
HeatDuctless
A/CDuctless
Heating Fuel

Extras

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