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241 Lindero Avenue

  • Long Beach, CA
  • $1,800,000
$1,800,000

241 Lindero Avenue

4,032 Sq.Ft. 6,109 Sq.Ft.

Description

Prime Long Beach income property located in the highly desirable Belmont Heights / Bluff Heights area, just off Broadway, offering an exceptional opportunity for investors seeking a coastal multifamily asset. With a Walk Score of 94 out of 100, this highly walkable fourplex is approximately 0.3 miles to the beach and conveniently close to Belmont Shore and Shoreline Village, providing easy access to dining, shopping, and entertainment.

This well-maintained 4-unit property consists of approximately 4,032 square feet of living space on a 6,109 square foot lot and was built in 1969. The property features a strong unit mix of one spacious 3-bedroom, 2-bath unit and three 2-bedroom, 1-bath units, spread across two levels.

One unit is currently vacant, offering immediate flexibility for an owner-occupant or the ability to lease at current market rent and increase cash flow. One of the units has recently been updated with a brand-new kitchen, flooring, and bathroom, enhancing overall tenant appeal.

Recent improvements include a roof replacement completed within the past few years. The property is also scheduled for termite clearance and exterior painting, providing a refreshed and updated appearance for future ownership.

The rear of the property features two 2-car garages, with each unit assigned one garage space, plus an additional dedicated parking space for the 3-bedroom unit, totaling five parking spaces. Ample street parking adds further convenience, which is a valuable feature in this highly sought-after Long Beach location.

Priced at approximately $446 per square foot, this Long Beach multifamily property offers strong in-place income with upside potential. Based on current rents, the property is performing at approximately a 4.8% cap rate, with the ability to increase to roughly 6%+ once the vacant unit is leased at market rent.

Ideal for investors searching for a fourplex near the beach, a Long Beach income property with strong rental demand, or a value-add multifamily opportunity in one of the most desirable coastal communities in Los Angeles County.

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Location

241 Lindero Avenue, Long Beach, CA 90803

Status

For Sale

1969

1969

Year Built

4,032

4,032

Sq.Ft.

Living Space

6,109

6,109

Sq.Ft.

Lot Size

4.0

4.0

Garage Spaces

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01

Interior

Laundry room

Common Area, Inside

Flooring

Carpet, Laminate

Fireplace

None

Appliances

Electric Range, Free-Standing Range, Disposal, Range Hood, Water Heater

Other Interior Features

Ceiling Fan(s), Open Floorplan
01

Exterior & Building

Stories

2

Garage Spaces

4.0

Water Source

Public

Utilities

Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Pool

None

Roof

Composition

Lot Features

2-5 Units/Acre, Front Yard, Near Park, Near Public Transit, Walkstreet

Parking

Concrete, Door-Multi, Driveway, Garage, Garage Door Opener, Garage Faces Rear, One Space, Uncovered

Heat Type

Radiant

Sewer

Public Sewer

Substructure

Slab

Disability Features

No Stairs

Security Features

Carbon Monoxide Detector(s), Smoke Detector(s)

Other Exterior Features

Lighting, Rain Gutters
01

Lot & Area

Status

For Sale

Living Area

4,032 Sq.Ft.

Total Area

4,032 Sq.Ft.

Lot Size

6,109 Sq.Ft.

MLS® ID

PW26062713

Type

Multi-Family

Year Built

1969

Neighborhood

Long Beach

Architecture Styles

Traditional

View Description

Neighborhood
01

Finance

Sales Price

$1,800,000

Zoning

LBR2A
main secondary

Property Upgrades

Exterior of fourplex and detached garage freshly painted.

Exterior light fixtures.

Roof replaced approximately 5 years ago.

One electrical panel replaced.

Termite clearance (Section 1) completed in 2026.

Downstairs 2-bedroom unit recently remodeled:
- New flooring
- Updated kitchen cabinets
- Updated bathroom vanity and finishes

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Floor Plan

Floor plan for 2-bedroom unit.

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Schedule a Tour

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Tour

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 241 Lindero Avenue, Long Beach, CA 90803. We are reviewing your request and will be in touch shortly!
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Long Beach

Offers a unique combination of strategic location, excellent climate, sparkling shoreline, and Southern California lifestyle.

Welcome to Long Beach

As California’s fifth largest city just 22 miles south of downtown Los Angeles, Long Beach offers a unique combination of strategic location, excellent climate, sparkling shoreline, and Southern California lifestyle. With a focus on trade, tourism, and technology, the city’s vast array of industrial and residential neighborhoods is quickly establishing Long Beach as one of the leading regions for business, tourism, and community living on the West Coast. The estimated 461,564 residents of Long Beach overlook San Pedro Bay, enjoying nearby attractions including the Queen Mary, Aquarium of the Pacific, Long Beach Grand Prix, Long Beach Marine Stadium, Carnival Cruise Lines, Catalina Island, Disneyland, Knott’s Berry Farm and Universal Studios Hollywood. The Downtown Shoreline Marina holds 3,400 slips, making it the largest municipally-owned and operated marina system in the country, with sailing, jet skiing, windsurfing, water skiing, fishing, sea kayaking, and sunbathing.
 
Welcome to Long Beach As California’s fifth largest city just 22 miles south of downtown Los Angeles, Long Beach offers a unique combination of strategic location, excellent climate, sparkling shoreline, and Southern California lifestyle. With a focus on trade, tourism, and technology, the city’s vast array of industrial and residential neighborhoods is quickly establishing Long Beach as one of the leading regions for business, tourism, and community living on the West Coast. The estimated 461,564 residents of Long Beach overlook San Pedro Bay, enjoying nearby attractions including the Queen Mary, Aquarium of the Pacific, Long Beach Grand Prix, Long Beach Marine Stadium, Carnival Cruise Lines, Catalina Island, Disneyland, Knott’s Berry Farm and Universal Studios Hollywood. The Downtown Shoreline Marina holds 3,400 slips, making it the largest municipally-owned and operated marina system in the country, with sailing, jet skiing, windsurfing, water skiing, fishing, sea kayaking, and sunbathing. View More Long Beach Homes
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Jon M. Perez

EM

Jon M. Perez

Real Estate Agent CABRE #01405984

01405984

Jon M. Perez is a highly respected real estate professional in Orange County, California, with over 20 years of experience helping families buy and sell homes. Recognized as a Top Agent in Anaheim Hills and Yorba Linda, Jon holds the prestigious Certified Residential Specialist (CRS) credential—earned by less than 3% of agents nationwide—making ...

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jmprealestate.com
Phone
714-696-8090