402 E Louise St Long Beach, CA 90805
Dairy NeighborhoodEstimated payment $6,105/month
Highlights
- Property is near a park
- 1-Story Property
- 2-minute walk to Grace Park
- Park
About This Home
Welcome to 402 E Louise Street, an exceptional 4-unit income property in North Long Beach featuring two newer ADUs built in 2022. The original duplex was also recently remodeled and was improved with an additional bedroom making both original units 2 bed/1 bath each. This well-maintained asset offers an exceptional blend of stable cash flow, modern construction, very low maintenance and future rent upside. The property consists of two 2-bed/1-bath units, one 1-bed/1-bath and one studio. All separately metered (electric, gas and water) and fully occupied with reliable tenants. Current monthly income is $6,761 ($81,132 annually) with proven upside toward market rents. Both ADUs are in excellent condition and reduce long-term maintenance costs, making this an ideal turnkey investment. Situated on a quiet residential street near shopping, schools, and major commuter routes, this property qualifies for residential 1–4 unit financing, appealing to both investors and owner-users. A fantastic opportunity to own a versatile, income-producing property with legal ADUs and strong long-term value. Don’t miss this rare, high-performing 4-plex in the heart of Long Beach!
Listing Agent
INTERNATIONAL REAL ESTATE SVCS Brokerage Phone: 562-713-1318 License #01999166 Listed on: 12/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,335
Year Built
- Built in 1925
Lot Details
- 3,836 Sq Ft Lot
- Two or More Common Walls
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 1,805 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Parking
- Parking Available
- Off-Street Parking
Location
- Property is near a park
- Property is near public transit
- Urban Location
Listing and Financial Details
- Tax Lot 1156
- Tax Tract Number 5134
- Assessor Parcel Number 7127022034
- $471 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
- North Long Beach Subdivision
Recreation
- Park
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Insurance Expense $1,453
- Operating Expense $17,679
- Gross Income $81,132
- Net Operating Income $64,906
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $5,335 | $399,099 | $184,707 | $214,392 |
| 2024 | $5,335 | $391,275 | $181,086 | $210,189 |
| 2023 | $5,244 | $383,604 | $177,536 | $206,068 |
| 2022 | $3,170 | $232,072 | $174,055 | $58,017 |
| 2021 | $3,102 | $227,523 | $170,643 | $56,880 |
| 2019 | $3,058 | $220,777 | $165,583 | $55,194 |
| 2018 | $2,916 | $216,449 | $162,337 | $54,112 |
| 2016 | $2,685 | $208,045 | $156,034 | $52,011 |
| 2015 | $2,581 | $204,921 | $153,691 | $51,230 |
| 2014 | $2,573 | $200,908 | $150,681 | $50,227 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/03/2025 12/03/25 | For Sale | $1,075,000 | +437.5% | $596 / Sq Ft | |
| 07/31/2012 07/31/12 | Sold | $200,000 | -11.1% | $183 / Sq Ft | View Prior Sale |
| 05/04/2012 05/04/12 | Pending | -- | -- | -- | |
| 01/17/2012 01/17/12 | For Sale | $225,000 | -- | $206 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Receivers Deed | $200,000 | North American Title Company | |
| Deed In Lieu Of Foreclosure | -- | Accommodation | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $96,000 | Fidelity National Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $196,377 | FHA | |
| Previous Owner | $110,500 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25263994
APN: 7127-022-034
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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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