Four-Unit Apartment
For Sale
$1,550,000
1030 Myrtle Ave, Long Beach, CA 90813
2005-built quadplex with varied apartment layouts, private garages, separate utility metering, and select-unit laundry.
Property SizeContact for details
Days on Market549
Property Features for 1030 Myrtle Ave
General Information
Standard status
Active
Total Parking Spaces
8
Property subtype
Residential Income
Financials
Cap Rate
4.2%
Gross Rent Multiplier
13.3
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Amenities
onsite laundry
Building Details
Year Built
2005
Buildings
1
Listing Agency:
Buckingham Investments, Inc
Listed By:
Anthony Walker · License #01908153
(310) 982-7055
Source:
Exprealty
Added: Mar 3, 2025
Changed: Aug 31
Last Checked: Sep 2 at 12:54AM
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 Buckingham Investments, Inc
Investment Insights
Based on property information with market context.
Built in 2005, this four-unit apartment property includes three three-bedroom, one-bath apartments and one one-bedroom, one-bath apartment. Select units offer onsite laundry, while each residence is paired with a two-car garage; driveway parking provides additional spaces. Gas and electricity are separately metered by unit. The property is approximately three blocks north of Downtown Long Beach and within a few blocks of the Metro Blue Line rail station, PCH, and the 710 freeway. Current operating metrics include a 13.3X GRM and a 4.2% cap rate. The eight garage spaces also create a source-identified possibility for future ADU conversion in some areas, subject to applicable approvals.
Key Highlights
- Four apartments: three 3‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
- 2005 construction
- Two‑car garage assigned to each unit, creating 8 garage spaces total
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,175
Businesses Nearby
Explore this area
Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - 2005-built quadplex with varied apartment layouts, private garages, separate utility metering, and select-unit laundry.
Where is this quadplex located?
The property is located at 1030 Myrtle Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Four apartments: three 3‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; 2005 construction; Two‑car garage assigned to each unit, creating 8 garage spaces total
