1216 E 56th Long Beach, CA $ 1,199,999
1216 E 56th
$ 1,199,999
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1216 E 56th

Long Beach, CA, 90805
$ 1,199,999
Baths1.0 Sq 3,906

Monthly Estimate*

$ 7,577

Listed by Circle Real Estate
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Studio

Multi-Family Home for sale in Long Beach, CA

for $1,199,999 with 1 full bath. This 3,906 square foot home was built in 1965 on a lot size of 0.1103.

Great investment opportunity in Long Beach! This upgraded quadplex offers strong income potential with an approximate **7% cap rate** and **one unit currently vacant**, creating an ideal option for an owner-user or investor looking to place a new tenant at market rent. The property features **four total units**, with the remaining units occupied and income-producing. Recent improvements include an updated exterior, refreshed interiors in select units, modern finishes, and clean curb appeal. Each unit has dedicated parking, adding convenience and value for tenants. With solid rental income, recent upgrades, and upside potential through the vacant unit, this property is a great addition to any rental portfolio. Along with Community Laundry. Buyer to verify all rents, expenses, cap rate, permits, unit mix, and property details.

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Multi-Family Active

Price

$ 1,199,999

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1103

Year Built

1965

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

DW26145351

Days on Market

2

Features
General
Sewer Public Sewer
Heating Radiant
Cooling None
Utilities Cable Available Electricity Available Sewer Available Water Available
Possession Close Plus 3 Days
HOA Fee 0
Garage Spaces 4
Pool Features None
Year Built 1965
Tenant Pays Cable TV Electricity Telephone
View None
Stories Count 2
Levels Two
Property Subtype Quadruplex
Gross Income 112668
Community Features Street Lights Sidewalks
County Los Angeles
Net Operating Income 89790
Operating Expense 22878
Insurance Expense 11000
New Construction false
Property Type Residential Income
HOA false
Contingency 3 Units are occupied and will need a 24 hour notice showing to see occupied units. 1 Unit is Vacant and can be shown. DONOT DISTURB TENANTS ! - Call or Txt - Listing Agent Christina - Only with confirmed appointments to be shown.
Subdivision Name North Long Beach (NLB)
Garage Y/N true
Special Listing Conditions Standard No Smoking
Status Active
Directions 56th & Orange
City Long Beach
Entry Location Front Door
Senior Community Y/N false
Number Of Units Total 4
MLS Area 7 - North Long Beach
Lot Size Units Square Feet
Lot Size Square Feet 4806
Carport Y/N true
Number of Units Leased 3
Listing Terms Cash to New Loan Conventional FHA VA Loan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 900
Current Financing VA
Fuel Expense 0
Property Condition Turnkey
Trash Expense 0
Water Sewer Expense 3156
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 104
Total Actual Rent 6789
Property Sub Type Additional Quadruplex
Cap Rate 7.48
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Interior
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area In Garage Laundry Room Stacked
Entry Level 1
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Exterior
Parking Features Assigned Carport
Lot Features 0-1 Unit/Acre
Water Source Public
Total Parking 4
Inclusions in Unit Appliances & Community Washers and Dryers
Lot Size Area 4806
Number of Buildings 1
Spa false
Building Area Total 3906
Lot Size Acres 0.1103
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 4
Number of Separate Gas Meters 0
Number of Separate Electric Meters 4
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* Excluded Features
List By
Circle Real Estate

Broker

Christina@legacym.group

Email

Affordability Calculator

$7,577
Per Month
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Monthly Principal & Interest
$7,577
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/4/2026$1,199,999 Listed Price

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1216 E 56th, Long Beach, CA, 90805 is a Multi-Family Home for sale at $1,199,999 with 3,906 sqft and a lot size of 0.1103. 1216 E 56th is a studio with 1.0 baths and was built in 1965. The property's zip code is 90805 which is in Long Beach, CA