USACALong BeachBelmont Heights (Bh)4124 E Broadway

4124 E Broadway, Long Beach, CA

Name: 4124 E Broadway, For Sale in Long Beach - eXp Realty
Brand: Berkshire Hathaway HomeService
SKU: PV26079470
Price: 1999000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,999,000

004

MLS® PV26079470

Key Facts
Description
Map

Key Facts

Type Quadruplex

Levels Residential Income

Size -

Garage Yes

Taxes

Days Active 0

Lot Size

Approx. Age 1956

MLS® Number PV26079470

Property Address: 4124 E Broadway, Long Beach, CA, 90803-6204

Average square foot calculated using Size range provided by listing agent.

Description

4124 E Broadway presents a rare opportunity to acquire a well-maintained Spanish-style residential income property in the highly desirable Belmont Shore / Belmont Heights coastal enclave of Long Beach. The asset consists of four units, including two 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one studio unit (buyer to verify permits), offering a diversified unit mix that supports durable tenant demand across multiple renter profiles.The property generates approximately $ 9, 775 in monthly gross income ( $117, 300 annually), equating to a 5.4% current cap rate. With demonstrated rental upside and below-market in-place rents, investors can expect an even greater cap rate with strategic interior upgrades, unit turns, and alignment to prevailing market rents. The partially renovated studio unit provides an immediate value-add component, reducing initial capital outlay while illustrating achievable rent premiums. This offering represents a compelling blend of stable cash flow and operational upside, supported by strong underlying fundamentals in a supply-constrained coastal submarket. Belmont Shore/Belmont Heights continues to exhibit high occupancy levels and resilient rent growth due to limited new multifamily development, coastal zoning restrictions, and sustained lifestyle-driven demand. Additional amenities include two single-car garages, two driveway parking spaces, on-site community laundry, and a generously sized communal backyard that enhances tenant livability and retention. Notably, additionally two units feature private outdoor spaces—an increasingly scarce amenity that supports rent growth and tenant stability. Located just blocks from the Pacific Ocean and within close proximity to Alamitos Bay Beach, Bluff Park, and the vibrant retail and dining corridor along 2nd Street, the property benefits from exceptional walkability and a premier coastal lifestyle. This irreplaceable location serves as a natural hedge against market volatility, reinforcing long-term appreciation potential. With in-place income, identifiable value-add potential, and positioning within one of Long Beach’s most sought-after rental corridors, 4124 E Broadway offers investors a rare opportunity to acquire a defensible coastal asset with both yield and growth characteristics. Buyers are advised to conduct their own due diligence regarding rent control regulations, permitting, and market rent assumptions.

MLS® NumberPV26079470

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1956

Basement

DrivewayConcrete, Door Multi, Driveway Level, Driveway, Garage, Paved, On Street

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 22, 2026List Date

$1,999,000List Price

Commute

Commute

Starting Address

Destination Address

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