1216 E 56th St Long Beach, CA 90805
Lindbergh NeighborhoodEstimated payment $7,899/month
Highlights
- No HOA
- Turnkey
- Radiant Heating System
- Laundry Room
- Stacked Washer and Dryer
About This Home
Great investment opportunity in Long Beach! This upgraded quadplex offers strong income potential with an approximate **7% cap rate** and **one unit currently vacant**, creating an ideal option for an owner-user or investor looking to place a new tenant at market rent. The property features **four total units**, with the remaining units occupied and income-producing. Recent improvements include an updated exterior, refreshed interiors in select units, modern finishes, and clean curb appeal. Each unit has dedicated parking, adding convenience and value for tenants. With solid rental income, recent upgrades, and upside potential through the vacant unit, this property is a great addition to any rental portfolio. Along with Community Laundry. Buyer to verify all rents, expenses, cap rate, permits, unit mix, and property details.
Listing Agent
Circle Real Estate Brokerage Phone: 323-799-0599 License #02074083 Listed on: 07/03/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 4,806 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- Carport
- Parking Available
- Assigned Parking
Home Design
- Quadruplex
- Entry on the 1st floor
- Turnkey
Interior Spaces
- 3,906 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Stacked Washer and Dryer
Outdoor Features
- Exterior Lighting
Utilities
- Radiant Heating System
- Cable TV Available
Listing and Financial Details
- Tax Lot 104
- Tax Tract Number 5464
- Assessor Parcel Number 7128013003
- $965 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
- North Long Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 4 Separate Water Meters
- Electric Expense $900
- Gardener Expense $1,440
- Insurance Expense $11,000
- Professional Management Expense $7,032
- Water Sewer Expense $3,156
- Operating Expense $22,878
- Gross Income $112,668
- Net Operating Income $89,790
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,489 | $1,144,440 | $312,120 | $832,320 |
| 2024 | $14,820 | $1,122,000 | $306,000 | $816,000 |
| 2023 | $14,571 | $1,100,000 | $300,000 | $800,000 |
| 2022 | $14,256 | $1,126,781 | $515,100 | $611,681 |
| 2021 | $11,943 | $935,000 | $425,000 | $510,000 |
| 2019 | $11,443 | $880,000 | $400,000 | $480,000 |
| 2018 | $10,721 | $830,000 | $380,000 | $450,000 |
| 2016 | $8,721 | $700,000 | $315,000 | $385,000 |
| 2015 | $7,820 | $640,000 | $290,000 | $350,000 |
| 2014 | $7,921 | $640,000 | $290,000 | $350,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/10/2026 07/10/26 | Pending | -- | -- | -- | |
| 07/10/2026 07/10/26 | Off Market | $1,199,999 | -- | -- | |
| 07/03/2026 07/03/26 | For Sale | $1,199,999 | +9.1% | $307 / Sq Ft | |
| 12/02/2022 12/02/22 | Sold | $1,100,000 | -8.3% | $282 / Sq Ft | View Prior Sale |
| 09/16/2022 09/16/22 | Pending | -- | -- | -- | |
| 06/04/2022 06/04/22 | For Sale | $1,200,000 | +9.1% | $307 / Sq Ft | |
| 05/18/2022 05/18/22 | Off Market | $1,100,000 | -- | -- | |
| 02/27/2022 02/27/22 | For Sale | $1,200,000 | -- | $307 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | -- | |
| Grant Deed | $1,100,000 | First American Title | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Grant Deed | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Diversified Title & Escrow S | |
| Interfamily Deed Transfer | -- | Fidelity National Title Ins | |
| Interfamily Deed Transfer | -- | Fidelity National Title Ins | |
| Interfamily Deed Transfer | -- | South Coast Title | |
| Grant Deed | $184,000 | Investors Title Company | |
| Trustee Deed | $163,000 | Stewart Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,139,600 | VA | |
| Previous Owner | $261,500 | New Conventional | |
| Previous Owner | $273,000 | Unknown | |
| Previous Owner | $165,000 | Negative Amortization | |
| Previous Owner | $142,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW26145351
APN: 7128-013-003
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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