92 E Louise
Long Beach, CA, 90805
$1,100,000
Beds
0 Baths
0 SqFt
0.13 Acres
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MLS #PW26180123 image #0
92 E. Louise Street presents the opportunity to acquire a well- maintained four-unit multifamily property offering strong in-place cash flow, meaningful rental upside, and additional long-term value creation potential in North Long Beach. Built in 1953, the property consists entirely of two-bedroom/one- bath units, each approximately 740 square feet, providing a highly desirable and consistent unit mix with broad renter appeal. Current rents average approximately $2,138 per month, compared with nearby rent comparables averaging approximately $2,538 per month, demonstrating substantial embedded rental upside. The property has also benefited from several significant capital improvements, including new windows throughout the building, recent re-piping, exterior painting within the past three years, and a new electronic security gate. These improvements reduce near- term capital expenditure exposure while enhancing the property’s overall functionality and tenant appeal. The property’s four detached garages and additional surface spaces present the opportunity to add immediate income through parking fees or convert garages to ADUs for future additional rental income (buyer to verify).The offering compares favorably with recent four-unit sales in the surrounding market. At $275, 000 per unit, 92 E. Louise is priced below the comparable-set average of approximately $306,750 per unit, while offering a substantially stronger going-in yield than the comparable average cap rate of approximately 5.32% For investors seeking strong current yield with identifiable upside, 92 E. Louise Street offers a compelling combination of in-place cash flow, below-market rents, an all-two-bedroom unit mix, recent capital improvements, and potential future ADU development—all at a basis below recent comparable four-unit sales.

Property Details

Price:
$1,100,000
MLS #:
PW26180123
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Subdivision:
North Long Beach NLB
Neighborhood:
7northlongbeach
Listed Date:
Aug 18, 2026
Total Sq Ft:
2,961
Lot Size:
5,857 sqft / 0.13 acres (approx)
Year Built:
1953
7 – North Long Beach7northlongbeachNorth Long Beach Nlb

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Schools

Interior

Laundry Features
CM

Exterior

Common Walls
_2CW
Community Features
SDW
Garage Spaces
4
Parking Spots
4
Parking Total
4

Financial

Maintenance Fee
$2,800
Net Operating Income
$72,365

Map

Community

Subdivisions in Long Beach

Market Summary

Current real estate data for Single Family in Long Beach as of Aug 24, 2026
841
Single Family Listed
70
Avg DOM
490
Avg $ / SqFt
$1,166,667
Avg List Price

Property Summary

    Located in the North Long Beach (NLB) subdivision, 92 E Louise Long Beach CA is a Single Family for sale in Long Beach, CA, 90805. It is listed for $1,100,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1953. The average price per square foot for Single Family listings in Long Beach is $490. The average listing price for Single Family in Long Beach is $1,166,667.

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92 E Louise
Long Beach, CA