Long Beach Fourplex Investment
1921 E Washington, Long Beach, CA 90805
Fully occupied fourplex near transportation and amenities. Great investment opportunity.
Type:Multifamily
- Added:
- Mar 22, 2026
- Days on Market:
- 72
- Last Refresh:
- Mar 22 at 8:16 pm
Property Features for 1921 E Washington
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agent Perry Karn License #01963224
Listing office Southland Property Group
Listing date Mar 22, 2026
Source Crexi
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 Southland Property Group
HighLights
- Strong investment opportunity with a current cap rate of 7.07% and a market cap rate of 8.47%.
- Low vacancy rate of less than 3% over the last 3 years, ensuring consistent income.
- Desirable location in North Long Beach, close to transportation, parks, shopping, and freeways (91 and 710).
- Fourplex consisting of three 1 Bed/1 Bath units with garages and a detached 4 Bed/2 Bath house (~1728 sqft).
- Tenants pay their own utilities, minimizing landlord expenses.
- Potential to increase revenue by building out storage and laundry facilities.
Overview
This fourplex is ideal for investors, boasting a current cap rate of 7.07% and a gross rent multiplier (GRM) of 12.81, with a market cap rate of 8.47% and a GRM of 10.86. Situated on a quiet side street near a major thoroughfare in North Long Beach, the location provides convenient access for tenants. The property is near local bus stops, multiple parks, shopping centers, and the Michelle Obama Library. It is also located within 2 miles of both the 91 and 710 freeways and a short drive to downtown Long Beach and the beach. The property consists of a front building with three 1-bedroom, 1-bathroom units, each with a garage, and a detached 4-bedroom, 2-bathroom house in the rear. The rear house is approximately 1728 square feet, while the front units average around 485 square feet. Tenants are responsible for their own utilities. The building is currently fully occupied and has maintained less than 3% vacancy over the last 3 years. Two of the units have been partially renovated during recent tenant transitions. The property also offers storage and laundry room opportunities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.1689401
- Latitude
- 33.8554526
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully occupied fourplex near transportation and amenities. Great investment opportunity.
Where is this quadplex located?
The property is located at 1921 E Washington Long Beach, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Strong investment opportunity with a current cap rate of 7.07% and a market cap rate of 8.47%.; Low vacancy rate of less than 3% over the last 3 years, ensuring consistent income.; Desirable location in North Long Beach, close to transportation, parks, shopping, and freeways (91 and 710).
