CA > Long Beach
Long Beach, CA 90805,134 E Market ST
Long Beach, CA 90805,134 E Market ST
Long Beach, CA 90805,134 E Market ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,399,999
Est. payment /mo
3,750 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25132490

HOA Y/N No

Year Built 1955

Lot Size 3,750 Sqft

Property Sub-Type Apartment

Property Description

TOTAL 6 UNITS (2x Brand New ADUs & 4x Fully Renovated Units). 100% VACANT AT CLOSE OF ESCROW. Located just north of Virginia Country Club and minutes from Bixby Knolls, Trader Joe's, SteelCraft, and Atlantic Avenue's boutique corridor, 134 E Market St. offers investors the rare chance to own a completely repositioned 6-unit multifamily asset in a high-demand, evolving Long Beach submarket.

This turn-key investment features four fully renovated units and two ground-up, newly constructed ADUs, all completed in 2024/2025 and delivered 100% vacant at the close of escrow. Investors have full lease-up control — with no tenant buyouts, no rent restrictions on the new construction units, and zero deferred maintenance. Lease at full market rents and start cash flowing immediately.

Every unit has been thoughtfully upgraded or newly constructed with today's rental market in mind. The property is individually metered for electricity (6 meters) and gas (4 meters; ADUs are electric only). Water and trash are master-metered, with the utility setup creating the potential for RUBS implementation, subject to lease terms and management approach — offering an opportunity to streamline expenses and improve net operating income.

With a projected CAP rate of 6.66%, GRM 9.76, pro forma gross income of $143,400, and offered at just $1,399,999, this is a rare chance to acquire a low-maintenance, high-yield multifamily asset in a submarket seeing strong rent growth and city-backed revitalization - one of Long Beach's most strategic rental corridors.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Zoning LBCMR

Interior

Interior Features Ceiling Fan(s), Unfurnished

Heating Ductless

Cooling Ductless

Fireplace No

Laundry None

Exterior

Parking Features None

Pool None

Community Features Park, Suburban, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7131002007

Acceptable Financing Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Listing Terms Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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CRMLS – RECore
Listed by Naomi Yamagami Reed Sage Real Estate Group, Inc. 310-803-7662

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