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$ 1,399,000
$ 1,399,000
251 E Nevada ST Long Beach, CA 90806
6,429 Sqft Lot
UPDATED:
Key Details
Sold Price $1,399,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID IG25071699
Sold Date 05/23/25
HOA Y/N No
Year Built 1968
Lot Size 6,429 Sqft
Property Sub-Type Quadruplex
Property Description
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
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 5.0
Garage Description 5.0
Fence Block, Security
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
Roof Type Composition
Total Parking Spaces 5
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Architectural Style Traditional
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7208011028
Acceptable Financing Cash, Conventional, 1031 Exchange, Fannie Mae, Freddie Mac
Listing Terms Cash, Conventional, 1031 Exchange, Fannie Mae, Freddie Mac
Financing Conventional
Special Listing Condition Standard
Lease Land No
Bought with Matthew Mahowald • Buckingham Investments, Inc