1/21
Listed By:
Buckingham Investments, Inc, 310-561-4776, Anthony Walker
Local Realty Services Provided By:
Keller Williams Realty Pacific Estates
Overview
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1030 Myrtle Avenue, Long Beach, CA 90813
1030 Myrtle Avenue, Long Beach, CA 90813
Estimation provided by Keller Williams Realty Inc.
Active
For Sale
Property Description
2005 construction and just outside of downtown Long Beach, this quadruplex has three large 3 bedroom 1 bathroom apartments, and one 1 bedroom 1 bathroom apartment. The strong income in place has this building at a GRM of 13.3X and a cap rate of 4.2%, and there is approximately 15% upside in the rents. The building features onsite laundry in select units, a large 2 car garage for each unit with extra parking on the driveway, and is separately metered for gas and electricity. There is a path to substantial upside via the conversion of some of the 8 garage spots to ADUs, as well as offsetting some of the expenses through the use of RUBS.
The building is just 3 blocks North of Downtown Long Beach, with ongoing new developments of over $8 Billion. It offers excellent transit access only a few blocks to the metro blue line rail station, PCH, and the 710 freeway. Over 60% of households within 5 miles are renters with an average household income of over $94,000. (Per Costar)
The building is just 3 blocks North of Downtown Long Beach, with ongoing new developments of over $8 Billion. It offers excellent transit access only a few blocks to the metro blue line rail station, PCH, and the 710 freeway. Over 60% of households within 5 miles are renters with an average household income of over $94,000. (Per Costar)
Property Details
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Overview
Property Type
Quadruplex
Property Size
Year Built
2005
Days on Site
20 Days
HVAC
Wall Furnace
Parking
14 Parking Spaces
Activity History
VIEWS
SAVES
SHARES
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
(Local time)
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Estimated Monthly Payment
Purchase Price:
$1,550,000
Principal + Interest
Property Tax
Home Insurance
HOA/Condo Fee
Mortgage Insurance
Monthly Payment
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Price & Tax History
Date
Event
Price
03/03/2025
Listed
(+14.81% )
08/28/2021
Sold
(+1,263.64% )
08/30/2002
Sold
(+135.71% )
08/10/2000
Sold
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
(+6.54% )
Land 897,600 +
Additions 479,400
2022
(+19.12% )
Land 618,627 +
Additions 505,000
2021
(+7.51% )
Land 618,627 +
Additions 505,000
2019
(+10,966.92% )
Land 612,284 +
Additions 499,822
2017
Land 451,300 +
Additions 368,700
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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Transit & Commute
Estimated commute times from Cambodia Town West
Car-Dependent
Walkable
Very Walkable
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