
Courtesy of: Luen Song, Coldwell Banker Realty, write.luen@gmail.com
$1,250,000
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9 bed
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5.00 Bath (5 Full)
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Lot: 6,581.00 Square Feet
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Other
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$1,250,000
1339 E Wesley Drive 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.
Courtesy of: Luen Song, Coldwell Banker Realty, write.luen@gmail.com
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