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Listed by Brett Dalton Lyon • Lyon Stahl Investment Real Estate, Inc.
$ 1,250,000
Est. payment /mo
Active
817 East New York Long Beach, CA 90813
3,076 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,076 sqft
Price per Sqft $406
Subdivision Poly High
MLS Listing ID SB-25234247
Year Built 1922
Lot Size 6,802 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
817 E New York St presents a rare opportunity to acquire a 4-unit multifamily property in prime North Long Beach. Built in 1922, the asset consists of three separate buildings totaling 3,076 rentable square feet on a 6,802 square foot lot.
The unit mix includes (1) 1-bed/1-bath and (3) 2-bed/1-bath units, offering strong rental appeal. Two of the 2-bed/1-bath units have been newly renovated—providing an excellent owner-user opportunity or the ability to immediately capture market rents.
At just $312,000 per unit, the property offers a low cost of entry and compelling fundamentals with a 4.97% CAP rate and 12.90 GRM on in-place income. Off-street parking is available for tenants, a valuable feature in this dense rental corridor.
Centrally located with convenient access to the 91 and 710 freeways, 817 E New York St benefits from North Long Beach's steady population growth, ongoing infrastructure investment, and strong housing demand.
For investors seeking day-one cash flow with clear upside potential, this is a highly attractive opportunity in one of Long Beach's most active rental markets.
The unit mix includes (1) 1-bed/1-bath and (3) 2-bed/1-bath units, offering strong rental appeal. Two of the 2-bed/1-bath units have been newly renovated—providing an excellent owner-user opportunity or the ability to immediately capture market rents.
At just $312,000 per unit, the property offers a low cost of entry and compelling fundamentals with a 4.97% CAP rate and 12.90 GRM on in-place income. Off-street parking is available for tenants, a valuable feature in this dense rental corridor.
Centrally located with convenient access to the 91 and 710 freeways, 817 E New York St benefits from North Long Beach's steady population growth, ongoing infrastructure investment, and strong housing demand.
For investors seeking day-one cash flow with clear upside potential, this is a highly attractive opportunity in one of Long Beach's most active rental markets.
Location
State CA
County Los Angeles
Area 9 - Poly High
Interior
Laundry Community
Exterior
Parking Features Garage
Garage Spaces 4.0
Pool None
Community Features Biking
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944