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$ 1,250,000
Est. payment | /mo
6,581 Sqft Lot
$ 1,250,000
Est. payment | /mo
6,581 Sqft Lot
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Circle (Ca)
MLS Listing ID PW26069273
HOA Y/N No
Year Built 1922
Lot Size 6,581 Sqft
Property Sub-Type Mixed Use
Property Description
Introducing 1339 E Wesley Drive, a high-performing 5-unit multifamily asset in Eastside Long Beach featuring a front 1BD/1BA home and a rear 4-unit building with (4) 2BD/1BA units.
The property is primarily occupied with Section 8 tenants, providing guaranteed, on-time income and consistent cash flow. In 2025, the property generated approximately $114,000 in gross annual rents, representing an attractive ~9.1% gross yield at the asking price.
The property offers on-site parking, a rare and highly desirable amenity in a parking impacted area.
All units are separately metered for gas and electricity, include individual water heaters, and the layout is well-suited for RUBS or utility bill-backs, offering additional expense reduction potential.
A compelling cash-flow investment with built-in upside in a high-demand rental market.
The property is primarily occupied with Section 8 tenants, providing guaranteed, on-time income and consistent cash flow. In 2025, the property generated approximately $114,000 in gross annual rents, representing an attractive ~9.1% gross yield at the asking price.
The property offers on-site parking, a rare and highly desirable amenity in a parking impacted area.
All units are separately metered for gas and electricity, include individual water heaters, and the layout is well-suited for RUBS or utility bill-backs, offering additional expense reduction potential.
A compelling cash-flow investment with built-in upside in a high-demand rental market.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Interior
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7210040013
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Luen Song Coldwell Banker Realty write.luen@gmail.com, DRE #01733206
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