$1,275,000
$1,320,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
2247 Myrtle Avenue Long Beach, CA 90806
2,876 SqFt
Key Details
Sold Price $1,275,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,876 sqft
Price per Sqft $443
Subdivision Poly High
MLS Listing ID SB-25149576
Sold Date 08/20/25
Year Built 1923
Lot Size 5,131 Sqft
Property Sub-Type Quadruplex
Property Description
We are proud to present 2247 Myrtle Avenue, a four-unit multifamily property located in the heart of Long Beach's Wrigley neighborhood. Just south of the 405 Freeway and minutes from the Metro A Line, Downtown Long Beach, and Long Beach City College, this centrally located asset benefits from strong tenant demand and excellent regional connectivity. The Wrigley area continues to attract renters looking for affordable housing near key job centers, transit options, and coastal amenities. Situated on a 5,131 SF lot, the property features two separate buildings totaling 2,876 SF, with a desirable unit mix of four (4) two-bedroom, one-bath units. The site includes four (4) garage spaces and is separately metered for gas and electricity. The current owner has completed significant capital improvements, including exterior paint (2021/2025), new roof (2020), gutters (2025), garage doors (2020), a rebuilt staircase (2023), and full or partial repiping. Three units were renovated in 2019 and one in 2022, along with additional upgrades such as window replacements, cleanouts, and a combination of standard and tankless water heaters. 2247 Myrtle Avenue offers a rare opportunity to acquire a well-maintained, income-producing asset with a strong unit mix and in-place annual gross income of $112,692. Four garage spaces provide added tenant convenience and potential for additional income through storage or conversion. This turnkey property is an ideal fit for investors seeking stability, upside, and a solid foothold in one of Long Beach's most accessible and renter-friendly neighborhoods.
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBR1N
Interior
Laundry None
Exterior
Parking Features Gated
Garage Spaces 4.0
Pool None
Community Features Sidewalks
Building
Lot Description Rectangular Lot
Sewer Public Sewer
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Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944