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  • 92 E Louise

92 E Louise, Long Beach, CA 90805

$1,100,000 Approx. USD 0 beds, 0 baths

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Photo of Lisa Cooper

Lisa Cooper REALTOR® - Sales Associate 949-300-1236 m
Lic#: 01084345
NRDS ID: 205500994
lisa@lisacooper.com
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Lic#: 01084345
NRDS ID: 205500994
lisa@lisacooper.com
Monarch Beach Office
2 Ritz Carlton Drive, Ste, 201
Monarch Beach, CA 92629
Phone: 949-443-2000
Fax: 949-443-2209
Monarch Beach 2 Ritz Carlton Drive, Ste, 201
Monarch Beach, CA 92629
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Fax: 949-443-2209
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Listing Agent


Robert Stepp | rstepp@steppcommercial.com
Lic#: 01456379
Broker: Courtesy of Keller Williams Realty Downey
Phone: 310-774-3740

Agent Remarks

92 E. Louise Street presents the opportunity to acquire a well- maintained four-unit multifamily property offering strong in-place cash flow, meaningful rental upside, and additional long-term value creation potential in North Long Beach. Built in 1953, the property consists entirely of two-bedroom/one- bath units, each approximately 740 square feet, providing a highly desirable and consistent unit mix with broad renter appeal. Current rents average approximately $2,138 per month, compared with nearby rent comparables averaging approximately $2,538 per month, demonstrating substantial embedded rental upside. The property has also benefited from several significant capital improvements, including new windows throughout the building, recent re-piping, exterior painting within the past three years, and a new electronic security gate. These improvements reduce near- term capital expenditure exposure while enhancing the property's overall functionality and tenant appeal. The property's four detached garages and additional surface spaces present the opportunity to add immediate income through parking fees or convert garages to ADUs for future additional rental income (buyer to verify).The offering compares favorably with recent four-unit sales in the surrounding market. At $275, 000 per unit, 92 E. Louise is priced below the comparable-set average of approximately $306,750 per unit, while offering a substantially stronger going-in yield than the comparable average cap rate of approximately 5.32% For investors seeking strong current yield with identifiable upside, 92 E. Louise Street offers a compelling combination of in-place cash flow, below-market rents, an all-two-bedroom unit mix, recent capital improvements, and potential future ADU development—all at a basis below recent comparable four-unit sales.

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active
MLS# PW26180123
Price: $1,100,000
Beds: 0
Baths: 0
Built in 1953
0.13 acres
Lot size: 0.1345
Subdivision: North Long Beach (NLB)
County: Los Angeles
Lot description: TwoToFiveUnitsAcre
MLS area: 7 - North Long Beach

Last Updated: 8/18/2026

 Days On Market (DOM): 6

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This listing belongs to the 7 - North Long Beach MLS area

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Lat/Long: 33.854863, -118.194002.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Lisa Cooper

Lisa Cooper REALTOR® - Sales Associate 949-300-1236 m
Lic#: 01084345
NRDS ID: 205500994
lisa@lisacooper.com
Text Me
Call My Cell
Lic#: 01084345
NRDS ID: 205500994
lisa@lisacooper.com

Monarch Beach Office
2 Ritz Carlton Drive, Ste, 201
Monarch Beach, CA 92629
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