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 6.43%, pro forma gross income of $143,400, and offered at just $1,450,000, 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.
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 6.43%, pro forma gross income of $143,400, and offered at just $1,450,000, 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.
Property Details
Price:
$1,399,999
MLS #:
PW25132490
Status:
Active
Baths:
0
Address:
134 E Market Street
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
7northlongbeach
City:
Long Beach
Listed Date:
Jun 13, 2025
State:
CA
ZIP:
90805
Lot Size:
3,750 sqft / 0.09 acres (approx)
Year Built:
1955
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Schools
Interior
Cooling
Ductless
Heating
Ductless
Interior Features
Ceiling Fan(s), Unfurnished
Exterior
Community Features
Park, Sidewalks, Suburban
Garage Spaces
0.00
Lot Features
6-10 Units/ Acre
Parking Features
None
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address134 E Market Street Long Beach CA
- Area7 – North Long Beach
- CityLong Beach
- CountyLos Angeles
- Zip Code90805
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134 E Market Street
Long Beach, CA
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