1169 East Broadway

Long Beach, CA 90802

$1,299,000
Price
4
Beds
4
Baths
3,544 Sq. Ft.
$367 / Sq. Ft.
3,544
Sq. Ft.
$367
per Sq. Ft.

Description

Fist time on the market in 41 years. HUGE opportunity to own a 4-plex in perfect location of Long Beach. All 4 units are LARGE 1 bedroom, 1 bath units enough room to create another bedroom in all 4 units. Two of the four units have been remodeled in the last 5 years. Very unique as building comes with 1 car detached garage which can be used for tenant or owner storage. Close to beach and downtown. 6%+ potential CAP rateFist time on the market in 41 years. HUGE opportunity to own a 4-plex in perfect location of Long Beach. All 4 units are LARGE 1 bedroom, 1 bath units enough room to create another bedroom in all 4 units. Two of the four units have been remodeled in the last 5 years. Very unique as building comes with 1 car detached garage which can be used for tenant or owner storage. Close to beach and downtown. 6%+ potential CAP rate
  1. Listed by Steve Colvin • DRE #01851955 • Brokerage DRE #02014153 • Premier Cal Realty • 949-633-7014

Property Details for 1169 East Broadway

Parking Spaces Total
1
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3544
Assessor Parcel Number
7275-004-043
Property Attached YN
true
LISTING UPDATED: 11/02/2024 01:33 AM

Property Details for 1169 East Broadway

StatusActive
MLS #PW24225632
Days on Market4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.08 AC / 3,317 SF
CountyLos Angeles County

Building Information for 1169 East Broadway

Stories2Residences-Year Built1921Building Size-Lot Size0.08 AC / 3,317 SF

Property Information for 1169 East Broadway

Income / Expense / Tax Details
Income Details
  • Gross Income: $55,272
  • Gross Scheduled Income: $59,400
  • Net Operating Income: $55,272
Expense Details
  • Operating Expense: $4,128
  • New Taxes Expense: $15,115
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,473
  • Trash Expense: $600
  • Water Sewer Expense: $855
  • Total Expenses: $18,043
Tax / Assessment Info
  • Tax Tract Number: 2182
  • Tax Census Tract: 5766.01
  • CFD/Mello-Roos Fee: $826
  • Tax Lot: 22
Community / Development
Community / Development
  • Community Features: Sidewalks, Storm Drains, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 2150
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $1,350
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1169 East Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1169 East Broadway

Taxable ValueLand$131,198Additions$189,697Total$320,895
Tax Record2024$4,828 ($402 / month)
Home Facts
Total Finished SqFt3,544 SqFtAbove Grade Finished SqFt3,544 SqFtLot Size3,317 SqFtStyleQuadraplexYear Built1921ZoningLBR4RCountyLOS ANGELESAPN7275-004-043

Schools near 1169 East Broadway

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Stevenson Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Renaissance High School For The Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1169 East Broadway is a multi-family home for sale in Long Beach, CA 90802. This property was listed for sale on November 1, 2024 by Premier Cal Realty, it's currently listed at $1,299,000. This listing's school district is Long Beach Unified School District. Nearby schools include Stevenson Elementary School, Franklin Classical Middle School and Polytechnic High School. 1169 East Broadway is a 4-bed, 4-bath, 3,544 sqft multi-family home built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Premier Cal Realty, Steve Colvin, DRE #01851955

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.