1339 E Wesley Drive, Long Beach, CA 90806
List Price: $1.25M
Listing Status: ActiveUnderContract
0Days on Market: 20
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1922
Lot Size: 6,581 sq ft
Private Pool: Yes
MLS Number: PW26069273
About This Property
Introducing 1339 E Wesley Drive, a high-performing 5-unit multifamily asset in Eastside Long Beach featuring a front 1BD/1BA home and a rear 4-unit building with (4) 2BD/1BA units. The property is primarily occupied with Section 8 tenants, providing guaranteed, on-time income and consistent cash flow. In 2025, the property generated approximately $114,000 in gross annual rents, representing an attractive ~9.1% gross yield at the asking price. The property offers on-site parking, a rare and highly desirable amenity in a parking impacted area. All units are separately metered for gas and electricity, include individual water heaters, and the layout is well-suited for RUBS or utility bill-backs, offering additional expense reduction potential. A compelling cash-flow investment with built-in upside in a high-demand rental market.
Listing provided by: Luen Song DRE #01733206 562-494-4600 write.luen@gmail.com, Coldwell Banker Realty
Source: CRMLS, MLS #: PW26069273
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.