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$1,925,000
Est. payment /mo
4,252 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,252 sqft
Price per Sqft $452
MLS Listing ID 25630311
HOA Y/N No
Year Built 1923
Property Description
405 E. Esther Street is a well-maintained, cash-flowing seven-unit multifamily asset located in a desirable Long Beach neighborhood with strong rental demand. The property features a highly attractive unit mix comprised of one (1) spacious 6BD/2BA unit, three (3) 3BD/1BA units, two (2) 2BD/1BA units, and one (1) 1BD/1BA unit. The property also has a driveway with three parking spaces. Fully occupied with long-term, reliable residents, the investment offers immediate, durable income for new ownership while still providing the opportunity to capture significant rental upside through natural turnover and strategic renovations. The property presents an ideal blend of in-place stability and value-add potential in one of Southern California's most consistent and resilient rental markets.
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBPD29
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7269020023
Special Listing Condition Standard
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Listed by Douglas Steinriede Dover Management Corp.
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