Skip main navigation
Off market
  • $894,744

    1241 E Wesley Dr, Long Beach, CA 90806

    6beds
    5baths
    2,576sqft
    MultiFamily
    Built in 1929
    -- sqft lot
    $-- Zestimate®
    $347/sqft
    $4,343 Estimated rent

    Owner options

    List your home for rent

    $4,343/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $4,343/mo

    Rent Zestimate®

    Refinance and save

    $5,506/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $5,506/mo

    Est. payment

    What's special

    Five unit investment property located within an Opportunity Zone of Long Beach. Listed for a modest $160,000 per unit, this late 1920's construction property consists of six bedrooms and five bathrooms. Every unit stands independent, with no common walls. Four buildings provide one bedroom and one bathroom each. The fifth building, located at the rear of the property, contains two bedrooms and one bathroom. Units are separately metered for gas and electricity. Renovations have included over half of the windows being replaced with double-pane windows and roofs are five years new. Rear alleyway access provides the opportunity to create a minimum of 5 personal parking spaces for tenants. With additional renovations, and the substantial rental upside potential, investors could net an 8.20% cap rate at market rents. *SOLD AS-IS* **DO NOT DISTURB TENANTS**

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 5
    Features
    • Common walls with other units/homes: Detached/No Common Walls
    Interior area
    • Total interior livable area: 2,576 sqft

    Property

    Parking
    • Total spaces: 5
    Lot
    • Size: 6,534 sqft
    Details
    • Parcel number: 7210040007

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Fixer
    • Year built: 1929

    Community & neighborhood

    Location
    • Region: Long Beach

    Other

    Other facts
    • County: Los Angeles
    • Heating: Wall
    • PropertyType: Residential Income
    • SourceLotSizeArea: Assessor
    • ParkingGarage: Driveway - Concrete, Public
    • SourceLivingArea: Title Company
    • Cooling: Window Unit(s)
    • PropertyCondition: Fixer
    • SourceLotSizeDimensions: Assessor
    • Style: Bungalow
    • Country: US
    • ListingStatus: Pending
    • ListingArea: Poly High
    • CommonWalls: Detached/No Common Walls
    • UnitTypeType: 2106, 2107, 2108, 2109, 2110