251 East Nevada Street Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90806
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,651 sqft
Price per Sqft $300
Subdivision Wrigley Area
MLS Listing ID IG-25071699
Style Traditional
Year Built 1968
Lot Size 6,429 Sqft
Property Sub-Type Quadruplex
Property Description
Located in Long Beach's Wrigley neighborhood--an area benefiting from ongoing city investment and revitalization--251 E Nevada St presents a rare opportunity to own a large, income-generating fourplex with solid functionality and strong long-term upside. While legally recorded as a 7-bedroom, 6-bathroom building, the property is currently configured as 9 bedrooms and 6 bathrooms across four spacious units: one 3-bedroom, 2-bath unit; two 2-bedroom, 2-bath units; and one 2-bedroom, 1-bath unit. With approximately 4,651 square feet of interior space, each unit offers larger layouts than typically found in this segment of the market. This added bedroom and square footage advantage supports stronger rents compared to similarly sized buildings--an appealing benefit for investors focused on maximizing return. Each unit is assigned a garage, and the property sits on a well-kept lot in a high-demand rental corridor. Whether you're seeking in-place cash flow, a value-add opportunity, or a solid 1031 exchange target, 251 E Nevada offers the scale and flexibility rarely found in this price range.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBR2N
Interior
Laundry Common Area,Community
Exterior
Parking Features Gated
Garage Spaces 5.0
Pool None
Community Features Curbs,Gutters,Sidewalks,Storm Drains,Street Lights
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Others
Virtual Tour https://player.vimeo.com/video/1069297794?badge=0&autopause=0&player_id=0&app_id=58479