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1216 E 56th, Long Beach, CA 90805

  • $1,199,999

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    bed

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    bath

Multi-family pending
Movoto is helping 68 homebuyers near you

About 1216 E 56th

Property type Multi-family
Neighborhood
Year built 1965
HOA fee $0/month
Lot size 4,806 Sqft
Movoto estimate
Parking 4 garage spaces
Rental estimate
Property description
Great investment opportunity in Long Beach! This upgraded quadplex offers strong income potential with an approximate **7% cap rate** and **one unit currently vacant**, creating an ideal option for an owner-user or investor looking to place a new tenant at market rent. The property features **four total units**, with the remaining units occupied and income-producing. Recent improvements include an updated exterior, refreshed interiors in select units, modern finishes, and clean curb appeal. Each unit has dedicated parking, adding convenience and value for tenants. With solid rental income, recent upgrades, and upside potential through the vacant unit, this property is a great addition to any rental portfolio. Along with Community Laundry. Buyer to verify all rents, expenses, cap rate, permits, unit mix, and property details.
Listed by
Listing Agent - Christina Mercado
Listing Agent Contact: 323-799-0599
Listing Office - Circle Real Estate
Source: CRMLS mls logo
MLS#DW26145351 • last updated 3 weeks ago
Movoto checked CRMLS for data 5 minutes ago
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Overview
Levels/Style Two
Type Residential Income
SubType Quadruplex
Status Pending
Lot Size (Acres) 0.1103
Lot Size (SqFt) 4806
Year Built 1965
Condition Turnkey
Interior
Exterior
Building Area Square Feet, 3906
Parking Assigned, Carport
# Parking Spaces 4
# Garage Spaces 4
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Inclusions In Unit Appliances, & Community Washers And Dryers
Spa None
Pool None
Location
View None
County Los Angeles
Community Features Street Lights, Sidewalks
Subdivision North Long Beach (NLB), North Long Beach (NLB)
Directions 56th & Orange
APN 7128013003
Multifamily Details
Laundry Income 300
Operating Expense 22878
Cap Rate 7.48
Expense: Insurance 11000
Total Expenses 22878
Expense: Water/ Sewer 3156
Gross Income 112668
Gross Operating Income 112668
Expense: Electric 900
Gross Scheduled Income 112668
Expense: Gardener 1440
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6/10
Harte Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Lindbergh Middle School
public Grades 6-8
Long Beach Unified School District
3/10
Jordan High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • CA
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  • 90805
  • Lindbergh
  • 1216 E 56th

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 7/30/2026. 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.
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