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4201 E Jacinto Way 4 Unit Apartment Building Offered at $1,550,000 at a 3% Cap Rate Long Beach, CA 90815
Investment Highlights
- Rare north-of-PCH Traffic Circle area location
- Recent capital improvements including exterior paint, garage doors, landscaping, and windows replaced within the last 10 years
- Private laundry hook-ups for each unit
- 100% single-story construction on a 12,190 SF lot
- Approximately 30% rental upside
- (4) single-car garages plus additional on-site open parking
Executive Summary
Fourplex opportunities north of PCH and Atherton within the Traffic Circle area of East Long Beach rarely come available. Built in 1943, the property offers approximately 3,145square feet on an oversized 12,190 square foot lot, a land footprint rarely found in Long Beach. The unit mix consists of (1) 2 bed / 2 bath and (3) 1 bed / 1 bath units, each with private laundry hookups and small fenced backyards. Three units have been updated, with the 2-bedroom receiving the most improvement. The single-story layout, generous setback, and updated landscaping create strong curb appeal, while parking is a major differentiator with (4) single-car garages plus additional on-site open parking. A garage has been converted to enclosed laundry/closet space, and exterior laundry hookups and enclosures have been added; these improvements are non-permitted. Approximately 30% rental upside remains, creating a clear path to increased income. Windows were replaced within the last 10 years. Ideally positioned with immediate access to Lakewood Blvd, the 405 Freeway, Cal State Long Beach, and Long Beach Airport
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$88,620
|
$28.18
|
| Other Income |
$600
|
$0.19
|
| Vacancy Loss |
$2,659
|
$0.85
|
| Effective Gross Income |
$86,561
|
$27.52
|
| Taxes |
$20,260
|
$6.44
|
| Operating Expenses |
$19,785
|
$6.29
|
| Total Expenses |
$40,045
|
$12.73
|
| Net Operating Income |
$46,516
|
$14.79
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $88,620 |
| Annual Per SF | $28.18 |
| Other Income | |
|---|---|
| Annual | $600 |
| Annual Per SF | $0.19 |
| Vacancy Loss | |
|---|---|
| Annual | $2,659 |
| Annual Per SF | $0.85 |
| Effective Gross Income | |
|---|---|
| Annual | $86,561 |
| Annual Per SF | $27.52 |
| Taxes | |
|---|---|
| Annual | $20,260 |
| Annual Per SF | $6.44 |
| Operating Expenses | |
|---|---|
| Annual | $19,785 |
| Annual Per SF | $6.29 |
| Total Expenses | |
|---|---|
| Annual | $40,045 |
| Annual Per SF | $12.73 |
| Net Operating Income | |
|---|---|
| Annual | $46,516 |
| Annual Per SF | $14.79 |
Property Facts
| Price | $1,550,000 | Apartment Style | Garden |
| Price Per Unit | $387,500 | Building Size | 3,145 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 3% | No. Stories | 1 |
| Gross Rent Multiplier | 17.49 | Year Built | 1943 |
| No. Units | 4 | Parking Ratio | 2.54/1,000 SF |
| Property Type | Multifamily |
| Price | $1,550,000 |
| Price Per Unit | $387,500 |
| Sale Type | Investment |
| Cap Rate | 3% |
| Gross Rent Multiplier | 17.49 |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Building Size | 3,145 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1943 |
| Parking Ratio | 2.54/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | - |
| 1+1 | 3 | - | - |
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4201 E Jacinto Way
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