We are proud to present 2247 Myrtle Avenue, a four-unit multifamily property located in the heart of Long Beach's Wrigley neighborhood. Just south of the 405 Freeway and minutes from the Metro A Line, Downtown Long Beach, and Long Beach City College, this centrally located asset benefits from strong tenant demand and excellent regional connectivity. The Wrigley area continues to attract renters looking for affordable housing near key job centers, transit options, and coastal amenities. Situated on a 5,131 SF lot, the property features two separate buildings totaling 2,876 SF, with a desirable unit mix of four (4) two-bedroom, one-bath units. The site includes four (4) garage spaces and is separately metered for gas and electricity. The current owner has completed significant capital improvements, including exterior paint (2021/2025), new roof (2020), gutters (2025), garage doors (2020), a rebuilt staircase (2023), and full or partial repiping. Three units were renovated in 2019 and one in 2022, along with additional upgrades such as window replacements, cleanouts, and a combination of standard and tankless water heaters. 2247 Myrtle Avenue offers a rare opportunity to acquire a well-maintained, income-producing asset with a strong unit mix and in-place annual gross income of $112,692. Four garage spaces provide added tenant convenience and potential for additional income through storage or conversion. This turnkey property is an ideal fit for investors seeking stability, upside, and a solid foothold in one of Long Beach's most accessible and renter-friendly neighborhoods.
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DAYS ON MARKET
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1
|
LAST UPDATED
|
7/7/2025
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TRACT
|
Poly High (PH)
|
YEAR BUILT
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1923
|
|
COMMUNITY
|
9 - Poly High
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GARAGE SPACES
|
4.0
|
|
COUNTY
|
Los Angeles
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STATUS
|
Active
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PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AREA |
9 - Poly High |
| GARAGE |
Yes |
| LOT |
5131 sq ft |
| LOT DESCRIPTION |
Rectangular Lot |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Poly High (PH) |
| 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 7/8/25 10:09 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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