# 4124 E Broadway, Long Beach, CA 90803

> **TL;DR:** 6bd/4ba multi-family, $1,999,000 ($758/sqft), built 1956, 2,638 sqft.
> View. Est. $8,662/mo. Listed 41 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,999,000 |
| Price/sqft | $758 |
| Bedrooms | 6 |
| Bathrooms | 2 full |
| Square Feet | 2,638 |
| Year Built | 1956 |
| Lot Size | 7,130 sqft (0.16 acres) |
| Stories | 2 |
| Property Type | Multi-Family (Quadruplex) |
| Status | For Sale |
| Days on Market | 41 |

## Why This Home Stands Out

- **Views** - City

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $8,662 |
| **Total** | **$8,662** |

## Key Amenities

- View

## Property Highlights

- Built in 1956
- 0.16 acre lot
- 2 stories
- 4 parking spaces

## Description

### Agent Description
4124 E Broadway presents a rare opportunity to acquire a well-maintained Spanish-style residential income property in the highly desirable Belmont Shore / Belmont Heights coastal enclave of Long Beach. The asset consists of four units, including two 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one studio unit (buyer to verify permits), offering a diversified unit mix that supports durable tenant demand across multiple renter profiles.The property  generates  approximately $ 9,775 in monthly gross income ( $117,300 annually), equating to a 5.4% current cap rate. With demonstrated rental upside and below-market in-place rents, investors can expect an even greater cap rate with strategic interior upgrades, unit turns, and alignment to prevailing market rents. The partially renovated studio unit provides an immediate value-add component, reducing initial capital outlay while illustrating achievable rent premiums. This offering represents a compelling blend of stable cash flow and operational upside, supported by strong underlying fundamentals in a supply-constrained coastal submarket. Belmont Shore/Belmont Heights continues to exhibit high occupancy levels and resilient rent growth due to limited new multifamily development, coastal zoning restrictions, and sustained lifestyle-driven demand. Additional amenities include two single-car garages, two driveway parking spaces, on-site community laundry, and a generously sized communal backyard that enhances tenant livability and retention. Notably, additionally two units feature private outdoor spaces—an increasingly scarce amenity that supports rent growth and tenant stability. Located just blocks from the Pacific Ocean and within close proximity to Alamitos Bay Beach, Bluff Park, and the vibrant retail and dining corridor along 2nd Street, the property benefits from exceptional walkability and a premier coastal lifestyle. This irreplaceable location serves as a natural hedge against market volatility, reinforcing long-term appreciation potential. With in-place income, identifiable value-add potential, and positioning within one of Long Beach’s most sought-after rental corridors, 4124 E Broadway offers investors a rare opportunity to acquire a defensible coastal asset with both yield and growth characteristics. Buyers are advised to conduct their own due diligence regarding rent control regulations, permitting, and market rent assumptions.

## Location

- **Address:** 4124 E Broadway, Long Beach, CA 90803
- **County:** Los Angeles
- **Neighborhood:** Belmont Heights (BH)

## Listing Agent

- **Name:** Marie Morgenstern
- **Brokerage:** Berkshire Hathaway HomeService
- **Phone:** 3108907808
- **Email:** MarieMorgensternrealtor@gmail.com

## Primary Photo

![4124 E Broadway - Primary Photo](http://lh.rdcpix.com/d66878b9c1312b2ae52de249b3f22f7cl-f2578318215r.jpg)

*56 total photos available on [listing page](https://www.propertysimple.com/listing/4124-e-broadway-long-beach-ca-90803-26079470)*

---

**MLS#:** PV26079470 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/4124-e-broadway-long-beach-ca-90803-26079470)

---

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