402 E Louise ST, Long Beach, CA 90805
402 E Louise ST, Long Beach, CA 90805
402 E Louise ST, Long Beach, CA 90805
402 E Louise ST, Long Beach, CA 90805
402 E Louise ST, Long Beach, CA 90805
402 E Louise ST, Long Beach, CA 90805
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 1,075,000
Est. payment | /mo

3,837 Sqft Lot

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$ 1,075,000
Est. payment | /mo
Save Virtual Tour

3,837 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision North Long Beach (Nlb)

MLS Listing ID CV25263994

HOA Y/N No

Year Built 1925

Lot Size 3,837 Sqft

Property Sub-Type Quadruplex

Property Description

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!

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Interior

Fireplace No

Laundry None

Exterior

Parking Features Off Street

Pool None

Community Features Sidewalks, Urban, Park

Private Pool No

Building

Lot Description Near Park, Near Public Transit

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7127022034

Acceptable Financing Cash, Cash to New Loan, Conventional, FHA 203(b), FHA, Fannie Mae, Freddie Mac, Government Loan, Submit, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, FHA 203(b), FHA, Fannie Mae, Freddie Mac, Government Loan, Submit, VA Loan

Special Listing Condition Standard

Virtual Tour https://animoto.com/play/56pEZCK4wt16AABkYIhbow

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Zayda Aguirre-Arriaza INTERNATIONAL REAL ESTATE SVCS 562-713-1318, DRE #01999166

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.