4133 E Mendez, Long Beach, California 90815, Long Beach, 90815 - 9 bed, 6 bath

4133 E Mendez, Long Beach, California 90815 home-pic-0
ACTIVE$1,699,000
4133 E Mendez, Long Beach, California 90815
9Beds
6Baths
4,484Sqft
5,979Lot
Year Built
1963
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$379
HOA
-
Days on market
-
Sold On
-
MLS number
OC25239518
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.70M(67th), sqft - 4484(67th), beds - 9(83th), baths - 6(83th).

ONE UNIT WILL BE DELIVERED READY TO MOVE IN!! Investor's Dream Opportunity! Live in one unit and rent out the others! - Seasoned or First Time Multifamily Buyers discover the perfect investment opportunity with this fantastic and highly sought after four-plex in Long Beach, conveniently located near the Outer Traffic Circle. This property offers a variety of attractive features including; Front House: spacious 3 bedroom, 2 bath home with huge dining room living room, and newly remodeled showers. Additional units: Three large 2 Bedroom units, each with easy access to a community courtyard, open space, and laundry room. Parking and Storage: Every unit includes an assigned private garage. Recent Upgrades: Both showers in the front unit have been remodeled. Roof was replaced approx. 7 years ago. Convenience: Individually metered for electricity and gas. Built in the 1960's and not many opportunities for a four-plex in this area, this property includes a spacious courtyard and secure, income generating community laundry room with shared machines and separate garages. Prime Location: Just blocks from Alamitos and Junipero Beaches, and close to Cal State University Long Beach, the 2nd & PCH shopping center, Long Beach Exchange, The Hangar, golf courses, parks, and public transit. Rental Potential: All three rented units are well under current market rates. Opportunity to increase NOI immediately. Don't miss this rare chance to own a versatile multi-family property in a high demand area. Unit 1: 3 bed, 2 bath, approx. 1300 sqft. Unit 2: 2 bed, 2 bath approx 1000 sqft. Unit 3: 2 bed, 1 bath approx. 900 sqft Unit 4: 2 bed, 1 bath approx 1100 sq.ft. Each unit has a detached one car garage. All units that are occupied are on a month to month lease.

Price History

Date
Event
Price
10/20/25
Listing
$1,699,000
Condition Rating
Poor

Built in 1963, this quadruplex shows significant age and dated features across most units. While the roof was replaced 7 years ago and some showers in the front unit were recently remodeled, the majority of kitchens and bathrooms are severely outdated, featuring old cabinets, tile countertops, white appliances, and basic fixtures, indicative of renovations 30-50+ years ago or original components. Flooring is a mix of worn carpet and older tile, with only one unit showing newer laminate. Popcorn ceilings and dated light fixtures (ceiling fans) are prevalent. The property requires substantial rehabilitation and cosmetic overhauls in multiple units to meet current quality standards and maximize rental income, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Strong Investment Potential: This four-plex offers an excellent investor's dream opportunity, allowing an owner to live in one unit while renting out the others, with immediate potential to increase Net Operating Income (NOI) as current rents are well below market rates.
Prime Coastal Long Beach Location: Strategically located just blocks from Alamitos and Junipero Beaches, and in close proximity to Cal State University Long Beach, major shopping centers (2nd & PCH, Long Beach Exchange), entertainment, parks, and public transit, ensuring high rental demand.
Versatile Unit Mix & Occupancy: The property features a desirable unit mix including a spacious 3-bedroom, 2-bath front house and three large 2-bedroom units, with one unit delivered vacant for immediate owner-occupancy or market-rate rental.
Tenant-Friendly Amenities & Parking: Each unit benefits from an assigned private garage, and residents have access to a community courtyard and an income-generating community laundry room, enhancing tenant appeal and additional revenue.
Individual Metering & Recent Upgrades: Units are individually metered for electricity and gas, reducing landlord utility expenses. Recent property improvements include remodeled showers in the front unit and a roof replacement approximately 7 years ago.

Cons

Below Market Rents & Lease Structure: While offering NOI upside, the current occupied units are on month-to-month leases at rents 'well under current market rates,' which may require active management to transition to market rates and could lead to tenant turnover.
Age of Property: Built in 1963, the property's age suggests that while some updates have been made, there may be older systems or components that could require future maintenance, repairs, or upgrades.
Potential for Management Intensive: With four units and the need to actively raise rents to market rates, this property may demand more hands-on management, particularly for a first-time multifamily investor.

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