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1339 E Wesley Drive — Long Beach | Belmont Brokerage

Active Under Contract

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$1,250,000

6,581 sqft lot|1922 Built|20 DOM

1339 E Wesley Dr, Long Beach, CA 90806

Property Description

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 SongDRE #01733206562-494-4600 write.luen@gmail.com, Coldwell Banker Realty

MLS #: PW26069273