241 Lindero AV
Long Beach, CA, 90803
$1,800,000
Beds
0 Baths
0 SqFt
0.14 Acres
Add
MLS #PW26062713 image #0
Prime Long Beach income property located in the highly desirable Belmont Heights / Bluff Heights area, just off Broadway, offering an exceptional opportunity for investors seeking a coastal multifamily asset. With a Walk Score of 94 out of 100, this highly walkable fourplex is approximately 0.3 miles to the beach and conveniently close to Belmont Shore and Shoreline Village, providing easy access to dining, shopping, and entertainment. This well-maintained 4-unit property consists of approximately 4,032 square feet of living space on a 6,109 square foot lot and was built in 1969. The property features a strong unit mix of one spacious 3-bedroom, 2-bath unit and three 2-bedroom, 1-bath units, spread across two levels. One unit is currently vacant, offering immediate flexibility for an owner-occupant or the ability to lease at current market rent and increase cash flow. One of the units has recently been updated with a brand-new kitchen, flooring, and bathroom, enhancing overall tenant appeal. Recent improvements include a roof replacement completed within the past few years. The property is also scheduled for termite clearance and exterior painting, providing a refreshed and updated appearance for future ownership. The rear of the property features two 2-car garages, with each unit assigned one garage space, plus an additional dedicated parking space for the 3-bedroom unit, totaling five parking spaces. Ample street parking adds further convenience, which is a valuable feature in this highly sought-after Long Beach location. Priced at approximately $446 per square foot, this Long Beach multifamily property offers strong in-place income with upside potential. Based on current rents, the property is performing at approximately a 4.8% cap rate, with the ability to increase to roughly 6%+ once the vacant unit is leased at market rent. Ideal for investors searching for a fourplex near the beach, a Long Beach income property with strong rental demand, or a value-add multifamily opportunity in one of the most desirable coastal communities in Los Angeles County.

Property Details

Price:
$1,800,000
MLS #:
PW26062713
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
2belmontheightsalamitosheights
Listed Date:
May 9, 2026
Total Sq Ft:
4,032
Lot Size:
6,109 sqft / 0.14 acres (approx)
Year Built:
1969
Traditional2 – Belmont Heights, Alamitos Heights2belmontheightsalamitosheightsNeighborhood

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Schools

Interior

Appliances
GD, ER, FSR, HOD, WHU
Flooring
LAM, CARP
Heating
RA
Interior Features
CF, OFP
Laundry Features
CM, IN
Levels
U

Exterior

Accessibility Features
NIS
Architectural Style
TRD
Common Walls
NCW
Community Features
SDW, STM, SL, CRB
Construction Materials
BRK, STC, WOD, CON, DWAL
Direction Faces
W
Exterior Features
LIT, RG
Fencing
BW, WD
Garage Spaces
4
Parking Spots
5
Parking Total
5
Roof
CMP
Security Features
SD, COD
Spa Features
NO
View
NE
Window Features
BLI, SCR, DPW

Financial

Gross Operating Income
$123,300
Net Operating Income
$115,009

Map

Community

Subdivisions in Long Beach

Market Summary

Current real estate data for Single Family in Long Beach as of May 15, 2026
790
Single Family Listed
61
Avg DOM
476
Avg $ / SqFt
$1,164,087
Avg List Price

Property Summary

    Located in the Other (OTHR) subdivision, 241 Lindero AV Long Beach CA is a Single Family for sale in Long Beach, CA, 90803. It is listed for $1,800,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1969. The average price per square foot for Single Family listings in Long Beach is $476. The average listing price for Single Family in Long Beach is $1,164,087.

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