$1,150,000 - 1921 E Washington, Long Beach
- 7Beds
- 6Baths
- 0.13Acres
Long Beach Home For Sale
Perfect for investors with a current cap rate of 7.07% and GRM of 12.81 and a market cap rate of 8.47% and GRM of 10.86. Located on a quiet side street off one of the major thoroughfares in North Long Beach providing a great location and ease of commute for tenants. The property is close to local bus stops, multiple parks, and shopping centers, as well as The Michelle Obama Library. The property sits within 2 miles of both the 91 and 710 freeways. The property is also only a short drive to both downtown Long Beach and the Beach. This fourplex consists of a front building made up of three 1 Bed 1 Bath units each with a garage, and a rear building which is a detached 4 Bed 2 Bath house. The rear house sits at ~1728 sqft. While the front building units average ~485 sqft. The tenants pay their own utilities, keeping the utilities low. This building is currently fully occupied and has had less than 3% vacancy over the last 3 years. Two of the units have been partially renovated during the most recent tenant transitions. This property also has storage and laundry room opportunities for potential sellers to build out. Price $1,150,000 Price/Unit $287,500 Price/sqft $361 Current Cap Rate 7.07% Market Cap Rate 8.47% Current GRM 12.81 Market GRM 10.86. Property is priced to sell, seller is firm on price.
Sales Agent
- Sam Smith
- San Clemente Realtor ®
- Phone: 949-204-5110
- Cell: 949-204-5110
- Contact Agent Now
Amenities
- Parking Spaces6
- ParkingAssigned
- # of Garages3
- GaragesAssigned
- PoolNone
Additional Information
- Date ListedMarch 19th, 2026
- Days on Market26
- Short SaleN
- RE / Bank OwnedN
Essential Information
- MLS® #PW26061687
- Price$1,150,000
- Bedrooms7
- Bathrooms6.00
- Acres0.13
- Year Built1949
- TypeResidential Income
- Sub-TypeQuadruplex
- StatusActive
- Listing AgentPerry Karn
- Listing OfficeSouthland Property Group
Exterior
- Lot DescriptionZeroToOneUnitAcre
Community Information
- Address1921 E Washington
- Area7 - North Long Beach
- SubdivisionNorth Long Beach (NLB)
- CityLong Beach
- CountyLos Angeles
- Zip Code90805
Interior
- # of Stories2
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Similar Neighborhoods to "North Long Beach (NLB)" in Long Beach, California
Back to ResultsNorth Long Beach (nlb)
- City:
- Long Beach
- Price Range:
- $195,000 - $5,850,000
- Current Listings:
- 27
- HOA Dues:
- $4
- Average Price per Square Foot:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of April 16th, 2026 at 5:15am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.