1030 Myrtle Avenue
Long Beach, CA 90813
- 10 beds
- – baths
- 3,040 sqft
- 6,535 sqft lot
- $509 per sqft
- 2005 build
- – on site
2005 construction and just outside of downtown Long Beach, this quadruplex has three large 3 bedroom 1 bathroom apartments, and one 1 bedroom 1 bathroom apartment. The strong income in place has this building at a GRM of 13.3X and a cap rate of 4.2%, and there is approximately 15% upside in the rents. The building features onsite laundry in select units, a large 2 car garage for each unit with extra parking on the driveway, and is separately metered for gas and electricity. There is a path to substantial upside via the conversion of some of the 8 garage spots to ADUs, as well as offsetting some of the expenses through the use of RUBS. The building is just 3 blocks North of Downtown Long Beach, with ongoing new developments of over $8 Billion. It offers excellent transit access only a few blocks to the metro blue line rail station, PCH, and the 710 freeway. Over 60% of households within 5 miles are renters with an average household income of over $94,000. (Per Costar)
Last checked:
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Last updated Mar 4, 2025
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MLS# CRSB25042498 —
This property is listed in more than one place. See it here.
The Building
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Year Built:2005
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Building Area Units:Square Feet
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Construction Materials:Stucco
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Other Equipment:Other
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Building Area Total:3040
Room Dimensions
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Living Area:3040
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Living Area Units:Square Feet
Location
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Directions:North of 10th, West of MLK
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Exterior Features:Other
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Parcel Number:7274010011
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Zoning:LBR4
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Lot Features:Other
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Lot Size Area:0.15
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Lot Size Acres:0.15
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Lot Size SqFt:6535
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Lot Size Units:Acres
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View:None
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View:false
Listing Agent
- Contact info:
- Agent phone:
- (310) 982-7055
Taxes
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Tax Tract:5763.02
Beds
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Bedrooms Total:10
The Listing
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Listing Terms:Other
Heating & Cooling
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Heating:Wall Furnace
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Heating:true
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Cooling:No Air Conditioning
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Cooling:true
Utilities
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Utilities:Sewer Connected
Appliances
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Laundry Features:Gas Dryer Hookup
The Community
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Total:14
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Parking Features:Other
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/3/25
Mar 3, 2025
|
Listed / Active | BRIDGE | $1,550,000 | 14.8% (4.3% / YR) |
|
10/4/21
Oct 4, 2021
|
CRMLS_CA | $1,350,000 | -1.8% | |
|
8/6/21
Aug 6, 2021
|
CRMLS_CA | $1,375,000 |
