134 E Market Street
Long Beach, CA 90805
Map
- – beds
- – baths
- – sqft
- 3,750 sqft lot
- 1955 build
- – on site
TOTAL 6 UNITS (2x Brand New ADUs & 4x Fully Renovated Units). 100% VACANT AT CLOSE OF ESCROW. Located just north of Virginia Country Club and minutes from Bixby Knolls, Trader Joe’s, SteelCraft, and Atlantic Avenue’s boutique corridor, 134 E Market St. offers investors the rare chance to own a completely repositioned 6-unit multifamily asset in a high-demand, evolving Long Beach submarket. This turn-key investment features four fully renovated units and two ground-up, newly constructed ADUs, all completed in 2024/2025 and delivered 100% vacant at the close of escrow. Investors have full lease-up control — with no tenant buyouts, no rent restrictions on the new construction units, and zero deferred maintenance. Lease at full market rents and start cash flowing immediately. Every unit has been thoughtfully upgraded or newly constructed with today’s rental market in mind. The property is individually metered for electricity (6 meters) and gas (4 meters; ADUs are electric only). Water and trash are master-metered, with the utility setup creating the potential for RUBS implementation, subject to lease terms and management approach — offering an opportunity to streamline expenses and improve net operating income. With a projected CAP rate of 6.43%, pro forma gross income of $143,400, and offered at just $1,450,000, this is a rare chance to acquire a low-maintenance, high-yield multifamily asset in a submarket seeing strong rent growth and city-backed revitalization - one of Long Beach’s most strategic rental corridors.
Last checked:
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Last updated Jun 18, 2025
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MLS# PW25132490 —
The Building
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Year Built:1955
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:2722.00
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Building Area Units:Square Feet
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Total Number Of Units:6
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# of Buildings:2
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:4
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# of Separate Water Meters:1
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# of Separate Electric Meters:6
Interior
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Features:Ceiling Fan(s), Unfurnished
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Entry Location:1
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Laundry:None
Location
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Directions:On E Market St between Long Beach Blvd and Atlantic Ave.
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Latitude:33.85400500
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Longitude:-118.19282800
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:LBCMR
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Lot Features:6-10 Units/Acre
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Lot Size Area:3750.0000
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Lot Size Acres:0.0861
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Lot Size SqFt:3750.00
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Lot Size Source:Assessor
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View:None
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:5717.03
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Tax Tract:5134
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Tax Lot:49
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7131002007
Heating & Cooling
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Heating:1
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Heating:Ductless
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Cooling:Yes
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Cooling:Ductless
Utilities
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Utilities:Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Other (OTHR)
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Subdivision:n/a
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Features:Park, Sidewalks, Suburban
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:No
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Parking:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/13/25
Jun 13, 2025
|
Listed / Active | CRMLS_CA | $1,450,000 |
