Properties

Long Beach, CA 90805 402 E Louise Street

402 E Louise Street Long Beach, CA - Image 1402 E Louise Street Long Beach, CA - Image 2402 E Louise Street Long Beach, CA - Image 3
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Presented By: Zayda Aguirre-Arriaza with INTERNATIONAL REAL ESTATE SVCS; 562-713-1318
  • MLS# CV25263994
  • 12/03/2025
  • Get pre-approved
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  • Baths • 1
  • SQFT • 1,805

Home Details

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 1โ€“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. Donโ€™t miss this rare, high-performing 4-plex in the heart of Long Beach!
Presented By: Zayda Aguirre-Arriaza with INTERNATIONAL REAL ESTATE SVCS; 562-713-1318

Interior Features for 402 E Louise Street

Other Interior Features

Common Walls2+ Common Walls
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 402 E Louise Street

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate5.5
CityLong Beach
Community FeaturesSidewalks, Urban, Park
ContingencySubject to interior inspection
CountyLos Angeles
DirectionsNorth of Market St / West of Atlantic Ave
Entry LocationLouise St
Garage Spaces
Garage Y/NNo
Gross Income81132
Insurance Expense1453
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Cash to New Loan, Conventional, FHA 203(b), FHA, Fannie Mae, Freddie Mac, Government Loan, Submit, VA Loan
Lot Size Square Feet3836
Lot Size UnitsSquare Feet
MLS Area7 - North Long Beach
Net Operating Income64906
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense16226
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityLONG BEACH
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameNorth Long Beach (NLB)
Tax Lot1156
Tenant PaysAll Utilities, Electricity, Gas, Sewer, Trash Collection, Water
Total Actual Rent81132
Trash Expense0
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense0
Year Built1925
Year Built SourceAssessor

Exterior for 402 E Louise Street

Building Area Total1805
Lot FeaturesNear Park, Near Public Transit
Lot Size Acres0.0881
Lot Size Area3836
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Parking FeaturesOff Street
Private PoolNo
Total Parking0
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,075,000
MLS#CV25263994
List Date 12/03/2025
Property Type Multi-Family
Phone 888.795.6274
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