About this home

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.

Facts and features

Schools

• Fremont Elementary School

  elementary · K-5 · 0.5 mi

  8

• Rogers Middle School

  middle · 6-8 · 0.7 mi

  8

• Wilson High School

  high · 9-12 · 0.9 mi

  6

• Bay Shore School

  elementary · K-12 · 0.6 mi

• Mann Elementary School

  elementary · K-5 · 0.6 mi

  7

• Maple Village Waldorf School

  elementary · PK-8 · 0.7 mi

Price history

• Oct 3, 2026 · Price Changed$1,899,000
• Apr 22, 2026 · Listed$1,999,000
• Nov 3, 2017 · Sold$1,340,000
• Sep 26, 2017 · Relisted$1,350,000
• Sep 20, 2017 · Listing Removed$1,350,000
• Jun 10, 2017 · Price Changed$1,350,000
• May 22, 2017 · Relisted$1,400,000
• May 18, 2017 · Listing Removed$1,400,000

Tax history

• 2025$20,096 tax · $1,555,179 assessed
• 2024$19,229 tax · $1,524,686 assessed
• 2023$18,909 tax · $1,465,482 assessed
• 2022$17,739 tax · $1,436,748 assessed
• 2021$17,396 tax · $1,408,578 assessed
• 2020$17,351 tax · $1,394,136 assessed
• 2019$17,148 tax · $1,366,800 assessed
• 2018$16,712 tax · $1,340,000 assessed

Home value

$1,979,000

• Collateral Analytics$1,979,000
• Quantarium$1,951,371

Where it is