TOTAL 6 UNITS (2x Brand New ADUs & 4x Fully Renovated Units). 100% VACANT AT CLOSE OF ESCROW. Located just north of Virginia Country Club and minutes from Bixby Knolls, Trader Joe's, SteelCraft, and Atlantic Avenue's boutique corridor, 134 E Market St. offers investors the rare chance to own a completely repositioned 6-unit multifamily asset in a high-demand, evolving Long Beach submarket.
This turn-key investment features four fully renovated units and two ground-up, newly constructed ADUs, all completed in 2024/2025 and delivered 100% vacant at the close of escrow. Investors have full lease-up control "” with no tenant buyouts, no rent restrictions on the new construction units, and zero deferred maintenance. Lease at full market rents and start cash flowing immediately.
Every unit has been thoughtfully upgraded or newly constructed with today's rental market in mind. The property is individually metered for electricity (6 meters) and gas (4 meters; ADUs are electric only). Water and trash are master-metered, with the utility setup creating the potential for RUBS implementation, subject to lease terms and management approach "” offering an opportunity to streamline expenses and improve net operating income.
With a projected CAP rate of 6.43%, pro forma gross income of $143,400, and offered at just $1,450,000, this is a rare chance to acquire a low-maintenance, high-yield multifamily asset in a submarket seeing strong rent growth and city-backed revitalization - one of Long Beach's most strategic rental corridors.
|
DAYS ON MARKET
|
1
|
LAST UPDATED
|
6/13/2025
|
|
TRACT
|
n/a
|
YEAR BUILT
|
1955
|
|
COMMUNITY
|
7 - North Long Beach
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
Ductless |
| AIR CONDITIONING |
Yes |
| AREA |
7 - North Long Beach |
| HEAT |
Ductless |
| INTERIOR |
Ceiling Fan(s) |
| LOT |
3751 sq ft |
| PARKING |
None |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
n/a |
| UTILITIES |
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
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Listed with Sage Real Estate Group, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/14/25 9:28 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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