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Property view

1045 E New York Street, 
Long Beach, CA 90813

$795,000


6

Beds


4

Baths


-

Sq Ft


Multi-Family

Sold

Listed by

Brett Lyon

Woody Stahl

Bought with Lyon Stahl Investment Real Est

Lyon Stahl Investment Real Estate, Inc.

Lyon Stahl Investment Real Est

MLS#

SB25136125

Source:

SANDICOR

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About This Home

1045 E New York Street

10451047 E New York Street presents a unique 4-unit investment opportunity in North East Long Beach, consisting of two separate parcels: a front single-family residence and a rear triplex. While the properties are being sold together, each has separate utilities and water meters and can be financed or sold independently, offering flexibility for both investors and owner-users. This layout creates potential for a buyer to live in the single-family home while holding or later selling the triplex as a separate investment. The unit mix includes a 2-bedroom, 1-bath single-family home with a 1-car garage and two tandem driveway spaces, and a rear triplex comprised of one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units. The combined building area totals 1,811 square feet across a total lot size of 3,747 square feet, with 649 square feet allocated to the front home and 1,162 square feet to the rear triplex. The triplex is accessed from the alley and utilizes street parking. The property currently operates at a 4.72% CAP rate, with approximately 40% rental upside and a projected market CAP rate of 7.57%. Since the triplex sits on a separate parcel, it is not subject to the City of Long Beachs inspection requirements for properties with four or more units. Additionally, because the property is located in a traffic-impacted area, the front house will require a standard garage inspection and the rear triplex will require a separate garage exemption certificate. Centrally located near Long Beach Polytechnic High School and Theodore Roosevelt Elementary, the property benefits from

Home Facts

Multi-Family

4 Baths

6 Bedrooms

Price Summary

795,000

MLS #:

SB25136125

Sold:

July 16, 2025


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

4


Finances & Disclosures

Finances

Price:

$795,000

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