Long Beach Multifamily Income
241 Lindero Ave, Long Beach, CA 90803
Fourplex near the beach with strong rental demand.
Type:Investment
Property size:
4,032 SFLot size:
0.14 AcresPrice / SF:
$446/SF- Added:
- Apr 10, 2026
- Days on Market:
- 53
- Last Refresh:
- Apr 10 at 8:46 am
Property Features for 241 Lindero Ave
General Information
- Standard status
- Active
- Size
- 4,032 SF
- Lot size
- 0.14 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1969
Listing agent Jon Perez License #01405984
Listing office First Team Real Estate (714) 865-3035
Listing date Apr 10, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of First Team Real Estate
HighLights
- Prime location in the highly desirable Belmont Heights/Bluff Heights area, just off Broadway and approximately 0.3 miles to the beach.
- Strong income property with a current cap rate of approximately 4.8%, with the ability to increase to roughly 6%+ once the vacant unit is leased.
- Well‑maintained fourplex with a desirable unit mix: one 3‑bedroom, 2‑bath unit and three 2‑bedroom, 1‑bath units.
- One unit is currently vacant, offering immediate flexibility for owner‑occupancy or increased cash flow through market‑rate leasing.
- Recent improvements include roof replacement, termite clearance, and scheduled exterior painting.
- Five total parking spaces available.
Overview
Located in the Belmont Heights / Bluff Heights area of Long Beach, this fourplex offers an investment opportunity in a coastal multifamily asset. The property is approximately 0.3 miles to the beach and near Belmont Shore and Shoreline Village. Built in 1969, the property includes approximately 4,032 square feet of living space on a 6,109 square foot lot. The unit mix consists of one 3-bedroom, 2-bath unit and three 2-bedroom, 1-bath units, spread across two levels. One unit is currently vacant, offering flexibility for owner-occupancy or leasing. One of the units has been recently updated with a new kitchen, flooring, and bathroom. Recent improvements include a roof replacement completed within the past few years. The property is also scheduled for termite clearance and exterior painting. The rear of the property features two 2-car garages, with each unit assigned one garage space, plus an additional dedicated parking space for the 3-bedroom unit, totaling five parking spaces. The property is performing at approximately a 4.8% cap rate, with the ability to increase to roughly 6%+ once the vacant unit is leased at market rent.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.1630942
- Latitude
- 33.7670665
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fourplex near the beach with strong rental demand.
Where is this quadplex located?
The property is located at 241 Lindero Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime location in the highly desirable Belmont Heights/Bluff Heights area, just off Broadway and approximately 0.3 miles to the beach.; Strong income property with a current cap rate of approximately 4.8%, with the ability to increase to roughly 6%+ once the vacant unit is leased.; Well‑maintained fourplex with a desirable unit mix: one 3‑bedroom, 2‑bath unit and three 2‑bedroom, 1‑bath units.
