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.
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DAYS ON MARKET
|
2
|
LAST UPDATED
|
6/18/2025
|
|
YEAR BUILT
|
1922
|
COMMUNITY
|
9 - Poly High
|
|
GARAGE SPACES
|
2.0
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COUNTY
|
Los Angeles
|
|
STATUS
|
Active
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PROPERTY TYPE(S)
|
Residential Income
|
| AREA |
9 - Poly High |
| GARAGE |
Yes |
| LOT |
1856 sq ft |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
1 |
| WATER |
Public |
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Listed with Lyon Stahl Investment Real Estate, 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 6/18/25 3:23 PM 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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