Property listed by Lyon Stahl Investment Real Estate, Inc., Christopher Van Vuuren 714-655-0098
2247 Myrtle Avenue
Long Beach, CA 90806
$1,275,000
We are proud to present 2247 Myrtle Avenue, a four-unit multifamily property located in the heart of Long Beach’s Wrigley neighborhood. Just south of the 405 Freeway and minutes from the Metro A Line, Downtown Long Beach, and Long Beach City College, this centrally located asset benefits from strong tenant… Read More demand and excellent regional connectivity. The Wrigley area continues to attract renters looking for affordable housing near key job centers, transit options, and coastal amenities. Situated on a 5,131 SF lot, the property features two separate buildings totaling 2,876 SF, with a desirable unit mix of four (4) two-bedroom, one-bath units. The site includes four (4) garage spaces and is separately metered for gas and electricity. The current owner has completed significant capital improvements, including exterior paint (2021/2025), new roof (2020), gutters (2025), garage doors (2020), a rebuilt staircase (2023), and full or partial repiping. Three units were renovated in 2019 and one in 2022, along with additional upgrades such as window replacements, cleanouts, and a combination of standard and tankless water heaters. 2247 Myrtle Avenue offers a rare opportunity to acquire a well-maintained, income-producing asset with a strong unit mix and in-place annual gross income of $112,692. Four garage spaces provide added tenant convenience and potential for additional income through storage or conversion. This turnkey property is an ideal fit for investors seeking stability, upside, and a solid foothold in one of Long Beach’s most accessible and renter-friendly neighborhoods. Read Less
Listing Snapshot
Days Online
44
Last Updated
Property Type
Quadruplex
Lot Size
0.12 Acres
Year Built
1923
MLS Number
SB25149576
30 Days Snapshot Of 90806
$794k
+1%
(avg) sold price
4
-42%
homes sold
109
-1%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1923, Building area total: 2,876, Levels: Two, 2 stories, 2 buildings, Common walls: NoCommonWalls
Community
Sidewalks
Expenses
Insurance expense: $2,876, Maintenance expense: $3,000, New taxes expense: $17,231, Operating expense: $25,843, Water sewer expense: $1,863, Other expense: $873
Garage
4 spaces
Income
Gross income: $112,692, Net operating income: $86,849
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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harbycapital.com
October 29, 2025
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