Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker West
Property view
Listing view 2
Listing view 3

1045 E New York Street, 
Long Beach, CA 90813

$795,000


Bed


Bath


1,811

Sq Ft


Multi-Family

Pending

Listed by

Brett Lyon

Woody Stahl

Lyon Stahl Investment Real Estate, Inc.

Lyon Stahl Investment Real Est

310-425-9838

Last updated:

July 11, 2025, 07:16 AM

MLS#

SB25136125

Source:

CRMLS

About This Home

1045 E New York Street

1045–1047 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 Beach’s 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 strong local demand, convenient freeway access, and close proximity to everyday amenities. Whether you’re a first-time investor or looking to expand your Long Beach portfolio, 1045–1047 E New York Street offers both stability and long-term upside in a growing rental market.

Home Facts

Multi-Family

Built in 1922

Price Summary

795,000

$438 per Sq. Ft.

MLS #:

SB25136125

Last Updated:

July 11, 2025, 07:16 AM

Added:

a month ago


Rooms & Interior

Interior

Living Area:

1,811 Sq. Ft.


Structure

Structure

Building Area:

1,811 Sq. Ft.

Year Built:

1922


Lot

Lot Size (Sq. Ft):

1,855


Finances & Disclosures

Finances

Price:

$795,000

Price per Sq. Ft:

$438 per Sq. Ft.

Source:CRMLS
Based on information from California Regional Multiple Listing Service, Inc. as of July 13, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

 

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.