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1045 E New York ST Long Beach, CA 90813
1,855 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25136125
HOA Y/N No
Year Built 1922
Lot Size 1,855 Sqft
Property Sub-Type Quadruplex
Property Description
1045–1047 E New York Street presents a unique 4-unit investment opportunity in North East Long Beach, consisting of two separate parcels: a front single-family residence and a rear triplex. While the properties are being sold together, each has separate utilities and water meters and can be financed or sold independently, offering flexibility for both investors and owner-users. This layout creates potential for a buyer to live in the single-family home while holding or later selling the triplex as a separate investment.
The unit mix includes a 2-bedroom, 1-bath single-family home with a 1-car garage and two tandem driveway spaces, and a rear triplex comprised of one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units. The combined building area totals 1,811 square feet across a total lot size of 3,747 square feet, with 649 square feet allocated to the front home and 1,162 square feet to the rear triplex. The triplex is accessed from the alley and utilizes street parking.
The property currently operates at a 4.72% CAP rate, with approximately 40% rental upside and a projected market CAP rate of 7.57%. Since the triplex sits on a separate parcel, it is not subject to the City of Long Beach's inspection requirements for properties with four or more units. Additionally, because the property is located in a traffic-impacted area, the front house will require a standard garage inspection and the rear triplex will require a separate garage exemption certificate.
Centrally located near Long Beach Polytechnic High School and Theodore Roosevelt Elementary, the property benefits from strong local demand, convenient freeway access, and close proximity to everyday amenities. Whether you're a first-time investor or looking to expand your Long Beach portfolio, 1045–1047 E New York Street offers both stability and long-term upside in a growing rental market.
The unit mix includes a 2-bedroom, 1-bath single-family home with a 1-car garage and two tandem driveway spaces, and a rear triplex comprised of one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units. The combined building area totals 1,811 square feet across a total lot size of 3,747 square feet, with 649 square feet allocated to the front home and 1,162 square feet to the rear triplex. The triplex is accessed from the alley and utilizes street parking.
The property currently operates at a 4.72% CAP rate, with approximately 40% rental upside and a projected market CAP rate of 7.57%. Since the triplex sits on a separate parcel, it is not subject to the City of Long Beach's inspection requirements for properties with four or more units. Additionally, because the property is located in a traffic-impacted area, the front house will require a standard garage inspection and the rear triplex will require a separate garage exemption certificate.
Centrally located near Long Beach Polytechnic High School and Theodore Roosevelt Elementary, the property benefits from strong local demand, convenient freeway access, and close proximity to everyday amenities. Whether you're a first-time investor or looking to expand your Long Beach portfolio, 1045–1047 E New York Street offers both stability and long-term upside in a growing rental market.
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBR1N
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking
Total Parking Spaces 2
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7268021026
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc. • 310-819-7933