Est. cap rate

3.6%

Assumed rent, all units

$9,000/mo

Units

4

Price per unit

$373,750

Est. annual NOI

$54,000

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

3,133 sqft

Lot size

8,463 sqft

Year built

1922

Stories

2

Garage spaces

4

Style

Craftsman

Cooling

None

Pool

None

Status

Active

Days on market

164

MLS #

249118884

About this property

This distinctive four-unit property (ADU potential) in Long Beach’s sought-after Rose Park neighborhood blends timeless Craftsman character with excellent investment potential. The front house, currently vacant and perfect for an owner-occupant, is a spacious three-bedroom, two-bath home showcasing original wood floors, built-ins, and a large, covered porch framed by classic columns. A private fenced yard enhances its appeal, making it an inviting home for someone who wants to live on-site while generating rental income from the other units.**** Behind the main house is a one-bedroom home with its own backyard, deck, and front porch. Two additional one-bedroom units complete the property, one located above the garages and the other above the rear of the front house, each offering natural light and functional layouts. The oversized lot is thoughtfully designed with an electronic gated entry, four garages, five additional parking spaces, large storage rooms, and a shared laundry room. Recent exterior painting, including the front house, provides refreshed curb appeal.**** Positioned in Central Long Beach, this property offers easy access to everyday conveniences with neighborhood parks such as Rose Park, Carroll Park, and Bixby Park just minutes away. Local favorites along Retro Row, including coffee shops, boutiques, and restaurants, are close by, as well as Downtown Long Beach and the shoreline.

Location

732 Saint Louis Avenue

Long Beach, Los Angeles, CA, 90804