Property Details
About this Property
2005 construction and just outside of downtown Long Beach, this quadruplex has three large 3 bedroom 1 bathroom apartments, and one 1 bedroom 1 bathroom apartment. The strong income in place has this building at a GRM of 13.3X and a cap rate of 4.2%, and there is approximately 15% upside in the rents. The building features onsite laundry in select units, a large 2 car garage for each unit with extra parking on the driveway, and is separately metered for gas and electricity. There is a path to substantial upside via the conversion of some of the 8 garage spots to ADUs, as well as offsetting some of the expenses through the use of RUBS. The building is just 3 blocks North of Downtown Long Beach, with ongoing new developments of over $8 Billion. It offers excellent transit access only a few blocks to the metro blue line rail station, PCH, and the 710 freeway. Over 60% of households within 5 miles are renters with an average household income of over $94,000. (Per Costar)
MLS Listing Information
MLS #
CRSB25042498
MLS Source
California Regional MLS
Days on Site
31
Interior Features
Appliances
Oven - Gas, Oven Range - Gas
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Flat
Foundation
Slab
Pool
None
Style
Contemporary
Parking, School, and Other Information
Garage/Parking
Garage, Garage: 8 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Anthony Walker
Buckingham Investments, Inc
License #: 01908153
Phone: (310) 982-7055
Co-Listing Agent
Josh Ess
Buckingham Investments, Inc
License #: 02035659
Phone: (310) 982-7055
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 4 |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Lincoln Elementary School | public | K-5 | 0.28 mi | |
| Stevenson Elementary School | public | K-5 | 0.42 mi | |
| Franklin Classical Middle School | public | 6-8 | 0.45 mi | |
| Polytechnic High School | public | 9-12 | 0.52 mi | |
| Roosevelt Elementary School | public | K-5 | 0.53 mi | |
| Renaissance High School For The Arts | public | 9-12 | 0.54 mi | |
| International Elementary School | public | K-5 | 0.56 mi | |
| Whittier Elementary School | public | K-5 | 0.83 mi | |
| Washington Middle School | public | 6-8 | 0.86 mi | |
| Educational Partnership High School | public | 9-12 | 0.99 mi | |
| Alvarado Elementary School | public | K-5 | 1.04 mi | |
| Robinson Academy | public | K-8 | 1.04 mi | |
| Burbank Elementary School | public | K-5 | 1.06 mi | |
| Edison Elementary School | public | K-5 | 1.16 mi | |
| Jessie Nelson Academy | public | 6-8 | 1.18 mi | |
| Burnett Elementary School | public | K-5 | 1.29 mi | |
| Chavez Elementary School | public | K-5 | 1.32 mi | |
| Signal Hill Elementary School | public | K-5 | 1.42 mi | |
| Lee Elementary School | public | K-5 | 1.44 mi | |
| Willard Elementary School | public | K-5 | 1.46 mi |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1030 Myrtle Ave is a Residential Income in Long Beach, CA 90813. This – square foot property sits on a 6,535 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,550,000 and was built in 2005. This address can also be written as 1030 Myrtle Ave, Long Beach, CA 90813.
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This listing information is up-to-date as of March 04, 2025. For the most current information, please contact Anthony Walker, (310) 982-7055
