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241 Lindero Avenue

Long Beach, CA 90803
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Bed 9

Bed

Bath 5

Bath

SqFt4,032

Sqft

SqFt6,109

Sqft(Lot)

Prime Long Beach income property located in the highly desirable Belmont Heights / Bluff Heights area, just off Broadway, offering an exceptional opportunity for investors seeking a coastal multifamily asset. With a Walk Score of 94 out of 100, this highly walkable fourplex is approximately 0.3 miles to the beach and conveniently close to Belmont Shore and Shoreline Village, providing easy access to dining, shopping, and entertainment. This well-maintained 4-unit property consists of approximately 4,032 square feet of living space on a 6,109 square foot lot and was built in 1969. The property features a strong unit mix of one spacious 3-bedroom, 2-bath unit and three 2-bedroom, 1-bath units, spread across two levels. One unit is currently vacant, offering immediate flexibility for an owner -occupant or the ability to lease at current market rent and increase cash flow. One of the units has recently been updated with a brand-new kitchen, flooring, and bathroom, enhancing overall tenant appeal. Recent improvements include a roof replacement completed within the past few years. The property is also scheduled for termite clearance and exterior painting, providing a refreshed and updated appearance for future ownership. 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. Ample street parking adds further convenience, which is a valuable feature in this highly sought-after Long Beach location. Priced at approximately $446 per square foot, this Long Beach multifamily property offers strong in-place income with upside potential. Based on current rents, 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. Ideal for investors searching for a fourplex near the beach, a Long Beach income property with strong rental demand, or a value-add multifamily opportunity in one of the most desirable coastal communities in Los Angeles County.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,800,000

AD Id : 76929293

MLS Id : PW26062713

Beds : 9

Lot Size : 6,109 Sqft

Living Area Size : 4,032

Year Built : 1969

Garage : 4

County : Los Angeles

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Roof: Composition Exterior Property Features: Lighting,Rain Gutters Interior Features: Ceiling Fan(s),Open Floorplan Windows: Blinds,Double Pane Windows,Screens Property Appliances: Electric Range,Free-Standing Range,Disposal,Range Hood,Water Heater Fireplace: None Flooring: Carpet,Laminate
  • Heating Source

    Radiant Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1969 Building Area Total: 4,032 Construction: Brick,Drywall,Concrete,Stucco,Wood Siding Roof: Composition
  • Exterior Features

    Lighting,Rain Gutters

    Foundation

    Slab

    Security Features

    Carbon Monoxide Detector(s),Smoke Detector(s)
  • Accessibility Features

    No Stairs

    Pool Features

    None

    Laundry Features

    Common Area,Inside

    Fencing

    Block,Wood

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1402
  • Lot Size Source: Assessor Lot Size Square Feet: 6109

  • Listing Price Information

    Original List Price: 1,800,000 Listing Contract Date: 2026-04-06
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 7263009009

  • Garage and Parking

    Garage Description: Concrete,Door-Multi,Driveway,Garage,Garage Door Opener,Garage Faces Rear,One Space,Uncovered

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Cable TV,Electricity

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 2 - Belmont Heights, Alamitos Heights Postal Code Plus 4: 9080 Directions: From E 7th St; Turn left onto Redondo Ave; Turn right onto E 3rd St; Turn left onto Lindero Ave; Destination will be on the right; 241 Lindero Ave Long Beach, CA 90803 Zoning: LBR2A Source Property Type: Residential Income Area: 2 - Belmont Heights, Alamitos Heights Property SubType: Quadruplex
  • Building and Construction

    Property Age: 57 Common Walls: No Common Walls Property Condition: Updated/Remodeled,Turnkey Structure Type: Quadruplex Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5829 E 2nd, Long Beach, CA, 90803 $1,735,000 4 3 1,953 1,953 SqFt
5829 E 2nd, Long Beach, CA, 90803 $1,735,000 4 3 1,953 1,953 SqFt
6514 E Ocean Boulevard, Long Beach, CA, 90803 $2,595,000 3 4 2,978 2,978 SqFt
10 66th Place, Long Beach, CA, 90803 $4,675,000 5 5 3,686 3,686 SqFt
64 59th Place, Long Beach, CA, 90803 $2,249,000 4 5 2,886 2,886 SqFt
210 Glendora Avenue, Long Beach, CA, 90803 $1,675,000 4 4 2,292 2,292 SqFt
143 Pomona, Long Beach, CA, 90803 $1,595,000 4 3 2,394 2,394 SqFt
74 Argonne, Long Beach, CA, 90803 $1,695,000 4 4 2,284 2,284 SqFt
3 Euclid Avenue, Long Beach, CA, 90803 $1,750,000 4 4 2,732 2,732 SqFt
247 Redondo, Long Beach, CA, 90803 $999,000 1 1.5 1,928 1,928 SqFt

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ByOwner last updated this listing 06/17/2026 @ 09:23

MLS: PW26062713 LISTED BY: Jon Perez, First Team Real Estate 714-974-9191 SOURCE: CRMLS

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