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California>Long Beach>Lindbergh

1921 E WashingtonLong Beach, CA 90805

For Sale

$1,150,000

Smart Buyer Rebate $11,500

Perfect for investors with a current cap rate of 7.07% and GRM of 12.81 and a market cap rate of 8.47% and GRM
of 10.86. Located on a quiet side street off one of the major thoroughfares in North Long Beach providing a great location and ease of commute for
tenants. The property is close to local bus stops, multiple parks, and shopping centers, as well as The Michelle Obama Library. The property sits within 2 miles of both the 91 and 710 freeways. The property is also only a short drive to both downtown Long Beach and the Beach. This fourplex
consists of a front building made up of three 1 Bed 1 Bath units each with a garage, and a rear building which is a detached 4 Bed 2 Bath house. The
rear house sits at ~1728 sqft. While the front building units average ~485 sqft. The tenants pay their own utilities, keeping the utilities low. This
building is currently fully occupied and has had less than 3% vacancy over the last 3 years. Two of the units have been partially renovated during
the most recent tenant transitions. This property also has storage and laundry room opportunities for potential sellers to build out. Price
$1,150,000 Price/Unit $287,500 Price/sqft $361 Current Cap Rate 7.07% Market Cap Rate 8.47% Current GRM 12.81 Market GRM 10.86. Property is priced to sell, seller is firm on price.

Listed by Perry Karn

·

License #01963224

·

Southland Property Group

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562-519-0099

Last updated March 22, 2026

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Source: CRMLS #PW26061687

Listing Facts

  • TypeMulti-family
  • NeighborhoodLindbergh
  • Days on Prevu41

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

03/21/2026
Listed by Southland Property Group
$1,150,000

Property Details for 1921 E Washington

Association

Amenities

  • Community Features: Street Lights, Suburban, Sidewalks

Exterior

Construction

  • Number Of Units Total: 4
  • Stories Total: 2
  • Year Built: 1949
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: Front

Measurements

  • Building Area Total: 3,184
  • Building Area Units: Square Feet
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: 0.12
  • Lot Size Area: 5,600
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5,600
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Gross Income: $89,791.00
  • Operating Expense: $8,500.00

Taxes

  • Parcel Number: 7128032018

Other

Location

  • Subdivision Name: North Long Beach (NLB)
  • Tax Lot: 16

Parking

Parking

  • Garage Spaces: 3
  • Garage: Yes
  • Open Parking Spaces: 3
  • Parking Features: Assigned
  • Parking Total: 6

Utilities

Equipment

  • Laundry Features: Common Area, Electric Dryer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1921 E Washington.

Does this multi-family home have parking?

Yes, there are 3 parking spaces available for 1921 E Washington.

How does 1921 E Washington compare to other multi-family homes in Lindbergh?

This multi-family home is listed 4% below the average price for multi-family homes in Lindbergh and has been on the market for 16 less days than the typical home in this area.

1921 E Washington is a -bedroom multi-family home for sale in Long Beach CA 90805. On Prevu for 41 days at $1,150,000. This home is located in Lindbergh. The median listing price for multi-family homes in this area is $847,450. The home offers parking. View other multi-family home listings in Long Beach.

Based on information from California Regional Multiple Listing Service, Inc. 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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.