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820 1/2 Newport, Long Beach
$1,095,000
3 Beds ⋅ 2 Baths ⋅ PW26227471 MLS ⋅ Active Status
Opportunity to live in a spacious 3-bedroom 2 bath front house and enjoy income at the same time! There's a spacious 2-bedroom 1 bath back house on the same lot currently rented. Approximate sqft for the front house is 1,550 and the back 924. The exteriors of both houses plus the single garage have been painted in October of 26. The interior of the larger front house has also been painted in October. The living room hardwood floors have just been refinished, and neutral carpet in all three bedrooms is new. The property may be considered a fixer upper in some respects. There is work left to be done. Most notably the garage foundation has been compromised by tree roots over the years. The tree is gone but the damage has been done. Rough estimate on garage removal...see private remarks. A single garage could be rebuilt or instead leave an open pad providing extra parking for the front house or off-street parking for the back house resident. The city has already provided a garage impacted area permit for the existing garage. Kitchen and both baths will require updating. There is a private side yard patio accessible from either a back door or side slider off the living area for the exclusive use of the front house which is separate from the rear yard that can be shared by both the front and back houses. There's a street accessible carport that can accommodate 2 cars (tandem) facing Newport for the front house. The floor plan is open with a wood burning fireplace, spacious kitchen and large separate utility room. BIG potential in this property as a primary residence or as an investment. Great Eastside location east of Redondo and just north of 7th. Automatic sprinklers in the front. Low maintenance.

820 1/2 Newport, Long Beach
1512 Sherman Place, Long Beach
$2,800,000
20 Beds ⋅ 11 Baths ⋅ 26987109 MLS ⋅ Active Status
1512 Sherman Pl | 11-Unit Multifamily, Long Beach. 1963-built asset totaling 9,557 SF on a 15,291 SF lot in an established residential corridor near Long Beach's Eastside. The property features a balanced mix of six 2+1 units, three 1+1 residences, and two 3+2 units with eleven on-site parking spacesa structural advantage in this supply-constrained submarket. All eleven units are currently occupied and fully stabilized, with in-place rents averaging $2,129/month against market rents of $2,185 and the entire portfolio positioned to capture rent growth at each lease renewal through Long Beach rent control. Offered at $2,800,000 ($254,545/unit | $292.98/SF) with a 6.62% in-place cap rate, the real story is operational simplicity and organic growtha 6.88% pro forma cap and immediate distribution capacity as rents normalize through turnover with zero capex required.

1512 Sherman Place, Long Beach
1776 Temple, Long Beach
$2,385,000
PW26094866 MLS ⋅ Active Status
Pleased to present 1776 Temple Avenue, an 8-unit multifamily investment located in the highly desirable Eastside Long Beach submarket. Built in 1987 and configured exclusively as spacious 2-bedroom/2-bathroom units with private balconies, the property offers an investor a rare combination of strong in-place cash flow at a 5.56% cap rate and meaningful rental upside as units turn — with comparable 2BR/2BA market rents in the Zaferia submarket supporting a stabilized cap rate of 6.98%. The property features assigned carport parking, on-site laundry, and additional surface parking that contributes to ancillary income. Positioned just minutes from CSULB, the VA Hospital, the Traffic Circle, and 4th Street Retro Row, 1776 Temple Avenue benefits from one of the deepest and most consistent rental demand pockets in coastal Los Angeles County. This offering presents a compelling opportunity to acquire a stabilized, well-located coastal multifamily asset with a clear path to enhanced returns through organic rent growth and operational optimization.

1776 Temple, Long Beach

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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