4201 E Jacinto Way 4 Unit Apartment Building Offered at $1,550,000 at a 3% Cap Rate Long Beach, CA 90815

Fourplex opportunities north of PCH and Atherton within the Traffic Circle area of East Long Beach rarely come available. Built in 1943, the property offers approximately 3,145square feet on an oversized 12,190 square foot lot, a land footprint rarely found in Long Beach. The unit mix consists of (1) 2 bed / 2 bath and (3) 1 bed / 1 bath units, each with private laundry hookups and small fenced backyards. Three units have been updated, with the 2-bedroom receiving the most improvement. The single-story layout, generous setback, and updated landscaping create strong curb appeal, while parking is a major differentiator with (4) single-car garages plus additional on-site open parking. A garage has been converted to enclosed laundry/closet space, and exterior laundry hookups and enclosures have been added; these improvements are non-permitted. Approximately 30% rental upside remains, creating a clear path to increased income. Windows were replaced within the last 10 years. Ideally positioned with immediate access to Lakewood Blvd, the 405 Freeway, Cal State Long Beach, and Long Beach Airport