Home | Los Angeles County | Long Beach | 90805 | 1921 E Washington
MLS: CRPW26061687 | Status: PendingDoNotShow | Price: $1,150,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 5,600 | 1949 |
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, s
| Field | Value |
|---|---|
| MLS # | CRPW26061687 |
| MLS Source | California Regional MLS |
| Feature | Details |
|---|---|
| Laundry | Community Facility |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Garage: 3 Car(s) |
Perry Karn
Southland Property Group
License #: 01963224
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 4 | 4 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Harte Elementary School | public | K-5 | 0.30 mi | 6 |
| Lindbergh Middle School | public | 6-8 | 0.72 mi | 4 |
| Barton Elementary School | public | K-5 | 0.86 mi | 4 |
| Grant Elementary School | public | K-5 | 1.18 mi | 4 |
| Riley Elementary School | public | K-5 | 1.20 mi | 8 |
| Odyssey STEM Academy | public | 9-12 | 1.20 mi | 7 |
| Buena Vista High School | public | 9-12 | 1.23 mi | 2 |
| Holmes Elementary School | public | K-5 | 1.28 mi | 9 |
| Madison Elementary School | public | K-5 | 1.30 mi | 8 |
| Addams Elementary School | public | K-5 | 1.30 mi | 5 |
| Jordan High School | public | 9-12 | 1.40 mi | 3 |
| Captain Raymond Collins School | public | K-5 | 1.43 mi | 2 |
| Hoover Middle School | public | 6-8 | 1.45 mi | 4 |
| Dooley Elementary School | public | K-5 | 1.62 mi | 4 |
| McKinley Elementary School | public | K-5 | 1.71 mi | 6 |
| Intensive Learning Center | public | K-6 | 1.85 mi | 7 |
| Hamilton Middle School | public | 6-8 | 1.86 mi | 4 |
| Lindsey Academy | public | 6-8 | 1.89 mi | 3 |
| Hughes Middle School | public | 6-8 | 2.03 mi | 7 |
| Leona Jackson School | public | 6-8 | 2.04 mi | 6 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 246 E Hullett St | $1,245,000 | – | – | – | Active |
| 509 E 37th | $995,000 | – | – | – | PendingDoNotShow |
| 6641 Hammond Ave | $1,225,000 | – | – | – | Active |
| 6645 Hammond Ave | $1,225,000 | – | – | – | Active |
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This listing information is up-to-date as of May 28, 2026. For the most current information, please contact Perry Karn.