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92 E Louise

Long Beach, CA 90805
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Bed 8

Bed

Bath 4

Bath

SqFt5,857

Sqft(Lot)

92 E. Louise Street presents the opportunity to acquire a well- maintained four-unit multifamily property offering strong in-place cash flow, meaningful rental upside, and additional long-term value creation potential in North Long Beach. Built in 1953, the property consists entirely of two-bedroom/one- bath units, each approximately 740 square feet, providing a highly desirable and consistent unit mix with broad renter appeal. Current rents average approximately $2,138 per month, compared with nearby rent comparables averaging approximately $2,538 per month, demonstrating substantial embedded rental upside. The property has also benefited from several significant capital improvements, including new windows throughout the building, recent re-piping, exterior painting within the past three years, and a new electronic security gate. These improvements reduce near- term capital expenditure exposure while enhancing the property's overall functionality and tenant appeal. The property's four detached garages and additional surface spaces present the opportunity to add immediate income through parking fees or convert garages to ADUs for future additional rental income (buyer to verify).The offering compares favorably with recent four-unit sales in the surrounding market. At $275, 000 per unit, 92 E. Louise is priced below the comparable-set average of approximately $306,750 per unit, while offering a substantially stronger going-in yield than the comparable average cap rate of approximately 5.32% For investors seeking strong current yield with identifiable upside, 92 E. Louise Street offers a compelling combination of in-place cash flow, below-market rents, an all-two-bedroom unit mix, recent capital improvements, and potential future ADU development—all at a basis below recent comparable four-unit sales.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,100,000

AD Id : 89632721

MLS Id : PW26180123

Beds : 8

Lot Size : 5,857 Sqft

Year Built : 1953

Garage : 4

County : Los Angeles

Subdivision: Grapeland

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Feature Features

  • Building Information

    Year Built: 1953
    Building Area Total: 2961
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 5857 Lot Size Acres: 0.1345 Lot Size Source: Assessor Lot Size Square Feet: 5,857 Lot Description: TwoToFiveUnitsAcre

    Property Information

    Subdivision: North Long Beach (NLB) Source Property Type: ResidentialIncome Property SubType: Quadruplex Property Age: 73

  • Listing Price Information

    Listing Price: $1100000
    Cash, CashToNewLoan, Exchange1031

  • Tax Information

    Parcel Number: 7126029010 Tax Lot: 1092

  • Parking Information

    Parking Total: 4

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Location Information

    Direction: Off Atlantic Ave WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3404 E 65th, Long Beach, CA, 90805 $810,000 3 2 1,277 1,277 SqFt
6641 Hammond Avenue, Long Beach, CA, 90805 $1,225,000 2 1 --
2901 E 65th, Long Beach, CA, 90805 $869,999 7 3 2,306 2,306 SqFt
5953 Gaviota Avenue, Long Beach, CA, 90805 $899,888 5 3 2,220 2,220 SqFt
5940 Gundry Avenue, Long Beach, CA, 90805 $899,000 4 4 --
1429 E South, Long Beach, CA, 90805 $1,499,999 4 3 5,500 5,500 SqFt
6140 Orange Avenue, Long Beach, CA, 90805 $1,020,000 7 4 3,335 3,335 SqFt
6140 Orange Avenue, Long Beach, CA, 90805 $1,020,000 7 4 --
350 E South, Long Beach, CA, 90805 $520,000 2 3 --
246 E Hullett Street, Long Beach, CA, 90805 $1,245,000 5 4.5 3,884 3,884 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/18/2026 @ 14:32

MLS: PW26180123 LISTED BY: Robert Stepp, Keller Williams Realty Downey 562-334-1500 SOURCE: CRMLS

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