Welcome to 402 E Louise Street, an exceptional 4-unit income property in North Long Beach featuring two newer ADUs built in 2022. The original duplex was also recently remodeled and was improved with an additional bedroom making both original units 2 bed/1 bath each. This well-maintained asset offers an… Read More exceptional blend of stable cash flow, modern construction, very low maintenance and future rent upside. The property consists of two 2-bed/1-bath units, one 1-bed/1-bath and one studio. All separately metered (electric, gas and water) and fully occupied with reliable tenants. Current monthly income is $6,761 ($81,132 annually) with proven upside toward market rents. Both ADUs are in excellent condition and reduce long-term maintenance costs, making this an ideal turnkey investment. Situated on a quiet residential street near shopping, schools, and major commuter routes, this property qualifies for residential 1–4 unit financing, appealing to both investors and owner-users. A fantastic opportunity to own a versatile, income-producing property with legal ADUs and strong long-term value. Don’t miss this rare, high-performing 4-plex in the heart of Long Beach! Read Less
Property listed by INTERNATIONAL REAL ESTATE SVCS, Zayda Aguirre-Arriaza 310-259-7556
Listing Snapshot
Days Online
1
Last Updated
Property Type
Quadruplex
Lot Size
0.09 Acres
Year Built
1925
MLS Number
CV25263994
Additional Details
Building
Built in 1925, 2 buildings, 1 storey, Levels: One, Entry level: 1, Entry location: Louise St
Community
Sidewalks, Urban, Park
Expenses
Insurance: $1,453, Operating: $16,226
Income
Gross Income: $81,132, Gross ScheduledIncome: $81,132, Net Operating Income: $64,906
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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