$1,800,000
241 Lindero Avenue, Long Beach CA 90803
Multi-Family (Fourplex)
Property type
57 days
On market
$446
Price per sqft
4 cars
Garage
1969
Year built
6,109 sqft
Lot size
Home highlights
Open Houses
Overview
Prime Long Beach income property located in the highly desirable Belmont Heights / Bluff Heights area, just off Broadway, offering an exceptional opportunity for investors seeking a coastal multifamily asset. With a Walk Score of 94 out of 100, this highly walkable fourplex is approximately 0.3 miles to the beach and conveniently close to Belmont Shore and Shoreline Village,...
Listing provided by: Jon Perez DRE #01405984, First Team Real Estate
Listing updated: May 10, 2026 at 07:23am.
Last checked: Jun 5, 2026 at 02:01pm
Source: CRMLS #PW26062713
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 2 | 1 | $3,225 | $3,225 | $3,500 | Unfurnished |
| 1 | 2 | 1 | 1 | $2,350 | $2,350 | $2,350 | Unfurnished |
| 1 | 2 | 1 | 1 | — | — | $2,350 | Unfurnished |
| 1 | 2 | 1 | 1 | $2,127 | $2,127 | $2,350 | Unfurnished |
# of Buildings: 2
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 0
Separate Water Meters: 0
Carpet: 4
Disposal: 4
Ranges: 4
Rent Control: No
Units Leased: 3
Total Actual Rent: $7,702
Tenant Pays: Cable Tv, Electricity
Financial Snapshot
Gross Rent Multiplier
14.6x
List Price / Annual Gross Rent
Cap Rate
6.3%
NOI / List Price
Gross Scheduled Income: $123,300
Operating Expense: $8,291
Net Operating Income: $115,009
Annual Operating Expenses
Electric: $900
Gardener: $900
Fuel: $0
Insurance: $2,191
Trash: $2,000
Water / Sewer: $2,300
Interior
Interior Features: Ceiling Fans, Open Floor Plan
Room Type: Kitchen, Living Room
Flooring: Carpet, Laminate
Heating: Radiant
Appliances: Electric Range, Free Standing Range, Disposal, Range Hood, Water Heater
Fireplace: None
Laundry: Common Area, Inside
Accessibility: No Stairs
Entry Location: 1
Exterior
Architectural Style: Traditional
Property Attached: No
Stories Total: 2
Levels: Two
Door Features: Double Door Entry, Mirrored Closet Doors
Roof: Composition
Foundation: Slab
Window Features: Blinds, Double Pane Windows, Screens
Construction Materials: Brick, Drywall, Concrete, Stucco, Wood Siding
Property Condition: Updated Remodeled, Turnkey
Exterior: Lighting, Rain Gutters
Common Walls: No Common Walls
Direction Faces: West
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Two To Five Units Acre, Front Yard, Near Park, Near Public Transit, Walkstreet
Pool: None
Spa: None
Fencing: Block, Wood
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View: Neighborhood
Road Frontage Type: City Street
Road Surface Type: Paved
Garage and Parking
Parking: Concrete, Door Multi, Driveway, Garage, Garage Door Opener, Garage Faces Rear, One Space, Uncovered
Garage Spaces: 4
Uncovered Spaces: 1
Parking Total: 5
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7263009009
Additional Parcels: No
Tax Lot: 8
Zoning: LBR2A
Subdivision: Bluff Heights
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Storm Drains, Street Lights, Sidewalks, Park
Nearby Schools
Nearby schools around the 241 Lindero Avenue, Long Beach, CA 90803. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,440,000
Total Interest
$1,836,641
Total Payment
$3,276,641
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$11,127
per month
Property History for 241 Lindero Avenue
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90803.
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