Homes for sale - 817 E New York, Long Beach, CA 90813

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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$1,250,000

Est. payment - /mo

6,804 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Poly High (Ph)

MLS Listing ID SB25234247

HOA Y/N No

Year Built 1922

Lot Size 6,804 Sqft

Property Sub-Type Quadruplex

Property Description

817 E New York St presents a rare opportunity to acquire a 4-unit multifamily property in prime North Long Beach. Built in 1922, the asset consists of three separate buildings totaling 3,076 rentable square feet on a 6,802 square foot lot.

The unit mix includes (1) 1-bed/1-bath and (3) 2-bed/1-bath units, offering strong rental appeal. Two of the 2-bed/1-bath units have been newly renovated—providing an excellent owner-user opportunity or the ability to immediately capture market rents.

At just $312,000 per unit, the property offers a low cost of entry and compelling fundamentals with a 4.97% CAP rate and 12.90 GRM on in-place income. Off-street parking is available for tenants, a valuable feature in this dense rental corridor.

Centrally located with convenient access to the 91 and 710 freeways, 817 E New York St benefits from North Long Beach's steady population growth, ongoing infrastructure investment, and strong housing demand.

For investors seeking day-one cash flow with clear upside potential, this is a highly attractive opportunity in one of Long Beach's most active rental markets.

Location

State CA

County Los Angeles

Area 9 - Poly High

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7268008026

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Brett Lyon Lyon Stahl Investment Real Estate, Inc. 3107801899

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

817 E New York Long Beach, CA 90813