4124 E Broadway Long Beach, CA 90803
Belmont Heights NeighborhoodEstimated payment $12,274/month
Highlights
- City Lights View
- Wood Flooring
- End Unit
- Fremont Elementary School Rated A
- Main Floor Bedroom
- Corner Lot
About This Home
4124 E Broadway presents a rare opportunity to acquire a well-maintained Spanish-style residential income property in the highly desirable Belmont Shore / Belmont Heights coastal enclave of Long Beach. The asset consists of four units, including two 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one studio unit (buyer to verify permits), offering a diversified unit mix that supports durable tenant demand across multiple renter profiles.The property generates approximately $ 9,775 in monthly gross income ( $117,300 annually), equating to a 5.4% current cap rate. With demonstrated rental upside and below-market in-place rents, investors can expect an even greater cap rate with strategic interior upgrades, unit turns, and alignment to prevailing market rents. The partially renovated studio unit provides an immediate value-add component, reducing initial capital outlay while illustrating achievable rent premiums. This offering represents a compelling blend of stable cash flow and operational upside, supported by strong underlying fundamentals in a supply-constrained coastal submarket. Belmont Shore/Belmont Heights continues to exhibit high occupancy levels and resilient rent growth due to limited new multifamily development, coastal zoning restrictions, and sustained lifestyle-driven demand. Additional amenities include two single-car garages, two driveway parking spaces, on-site community laundry, and a generously sized communal backyard that enhances tenant livability and retention. Notably, additionally two units feature private outdoor spaces—an increasingly scarce amenity that supports rent growth and tenant stability. Located just blocks from the Pacific Ocean and within close proximity to Alamitos Bay Beach, Bluff Park, and the vibrant retail and dining corridor along 2nd Street, the property benefits from exceptional walkability and a premier coastal lifestyle. This irreplaceable location serves as a natural hedge against market volatility, reinforcing long-term appreciation potential. With in-place income, identifiable value-add potential, and positioning within one of Long Beach’s most sought-after rental corridors, 4124 E Broadway offers investors a rare opportunity to acquire a defensible coastal asset with both yield and growth characteristics. Buyers are advised to conduct their own due diligence regarding rent control regulations, permitting, and market rent assumptions.
Listing Agent
Berkshire Hathaway HomeService Brokerage Phone: 310-890-7808 License #01962710 Listed on: 04/21/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 7,130 Sq Ft Lot
- End Unit
- 1 Common Wall
- Wood Fence
- Corner Lot
- Private Yard
- Lawn
- Back and Front Yard
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
- 2 Open Parking Spaces
- Two Garage Doors
- Driveway Level
- On-Street Parking
Property Views
- City Lights
- Neighborhood
Home Design
- Quadruplex
- Entry on the 2nd floor
- Pre-Cast Concrete Construction
- Stucco
Interior Spaces
- 2,638 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Entryway
- Family Room
- Living Room with Fireplace
Kitchen
- Galley Kitchen
- Gas Range
- Microwave
- Dishwasher
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Main Floor Bedroom
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
- Dryer
- Washer
Outdoor Features
- Exterior Lighting
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 8 / A
- Tax Tract Number 5772
- Assessor Parcel Number 7256012010
- $743 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- Belmont Heights Subdivision
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,891
- Gardener Expense $1,560
- Insurance Expense $4,005
- Maintenance Expense $7,433
- Other Expense $149
- Supplies Expense $2,434
- Trash Expense $1,883
- Water Sewer Expense $1,883
- Operating Expense $18,232
- Net Operating Income $104,637
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 | $19,229 | $1,524,686 | $910,261 | $614,425 |
| 2024 | $19,229 | $1,494,791 | $892,413 | $602,378 |
| 2023 | $18,909 | $1,465,482 | $874,915 | $590,567 |
| 2022 | $17,740 | $1,436,748 | $857,760 | $578,988 |
| 2021 | $17,396 | $1,408,578 | $840,942 | $567,636 |
| 2020 | $17,352 | $1,394,476 | $832,320 | $562,156 |
| 2019 | $17,148 | $1,367,140 | $816,000 | $551,140 |
| 2018 | $16,712 | $1,340,340 | $800,000 | $540,340 |
| 2016 | $8,847 | $723,150 | $338,719 | $384,431 |
| 2015 | $8,493 | $712,289 | $333,632 | $378,657 |
| 2014 | $8,440 | $698,337 | $327,097 | $371,240 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/21/2026 04/21/26 | For Sale | $1,999,000 | +49.2% | $758 / Sq Ft | |
| 11/03/2017 11/03/17 | Sold | $1,340,000 | -0.7% | $508 / Sq Ft | View Prior Sale |
| 07/03/2017 07/03/17 | Pending | -- | -- | -- | |
| 06/10/2017 06/10/17 | Price Changed | $1,350,000 | -3.6% | $512 / Sq Ft | |
| 05/22/2017 05/22/17 | For Sale | $1,400,000 | +4.5% | $531 / Sq Ft | |
| 05/17/2017 05/17/17 | Off Market | $1,340,000 | -- | -- | |
| 04/29/2017 04/29/17 | For Sale | $1,400,000 | +4.5% | $531 / Sq Ft | |
| 04/26/2017 04/26/17 | Off Market | $1,340,000 | -- | -- | |
| 03/07/2017 03/07/17 | Price Changed | $1,400,000 | -3.4% | $531 / Sq Ft | |
| 02/02/2017 02/02/17 | For Sale | $1,450,000 | +8.2% | $550 / Sq Ft | |
| 02/01/2017 02/01/17 | Off Market | $1,340,000 | -- | -- | |
| 09/07/2016 09/07/16 | For Sale | $1,450,000 | -- | $550 / 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 |
|---|---|---|---|
| Grant Deed | $1,340,000 | Progressive Title | |
| Grant Deed | -- | Progressive Title | |
| Interfamily Deed Transfer | -- | Progressive Title | |
| Interfamily Deed Transfer | -- | Fatcola | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $1,160,000 | Fatcola |
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 | $1,072,000 | New Conventional | |
| Previous Owner | $68,000 | Credit Line Revolving | |
| Previous Owner | $68,000 | Credit Line Revolving | |
| Previous Owner | $870,000 | Fannie Mae Freddie Mac |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV26079470
APN: 7256-012-010
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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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