Back to Search
1921 E Washington
For Sale $1,150,000
$1,150,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 5,600 Sq Ft
Description
Perfect for investors with a current cap rate of 7.07% and GRM of 12.81 and a market cap rate of 8.47% and GRM
of 10.86. Located on a quiet side street off one of the major thoroughfares in North Long Beach providing a great location and ease of commute for
tenants. The property is close to local bus stops, multiple parks, and shopping centers, as well as The Michelle Obama Library. The property sits within 2 miles of both the 91 and 710 freeways. The property is also only a short drive to both downtown Long Beach and the Beach. This fourplex
consists of a front building made up of three 1 Bed 1 Bath units each with a garage, and a rear building which is a detached 4 Bed 2 Bath house. The
rear house sits at ~1728 sqft. While the front building units average ~485 sqft. The tenants pay their own utilities, keeping the utilities low. This
building is currently fully occupied and has had less than 3% vacancy over the last 3 years. Two of the units have been partially renovated during
the most recent tenant transitions. This property also has storage and laundry room opportunities for potential sellers to build out. Price
$1,150,000 Price/Unit $287,500 Price/sqft $361 Current Cap Rate 7.07% Market Cap Rate 8.47% Current GRM 12.81 Market GRM 10.86. Property is priced to sell, seller is firm on price.
Loading map...
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,150,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 3 spots |
| Year Built | 1949 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7128032018 |
| MLS # | PW26061687 |
| Property ID | 322691908 |
| Lot Sqft | 5,600 |
| Zoning | Unknown |
| Total Units | 4 |
| Days on Market | 53 |
| Original List Price | $1,150,000 |
| Date Updated | March 22, 2026 |
| Date Created | March 19, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $7,714 | $0 |
| Net Income (Yr) | $ 81,291 |
Listing Provided By
Perry Karn an agent of . Lic #01963224
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of March 22, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT