Bixby, Bixby Knolls, Los Cerritos (6) Homes with Quadruplex Subtype

Welcome to Bixby, Bixby Knolls, and Los Cerritos, three charming neighborhoods nestled in the heart of Long Beach, California. Known for their vibrant community spirit and rich history, these areas offer a unique blend of suburban tranquility and urban convenience, making them a sought-after destination for homebuyers.

Bixby is characterized by its tree-lined streets and beautiful parks, providing a serene backdrop for outdoor enthusiasts and families alike. The neighborhood boasts a strong sense of community, with local events and farmers' markets that bring residents together. Just a stone's throw away, Bixby Knolls is renowned for its eclectic mix of shops, restaurants, and art galleries, creating a lively atmosphere that appeals to both young professionals and families. Meanwhile, Los Cerritos is known for its spacious homes and well-maintained properties, offering a peaceful retreat from the hustle and bustle of city life.

For those interested in investment opportunities, the homes in these neighborhoods include a variety of quadruplex subtypes, ideal for multi-family living or rental income. These properties provide a unique chance to capitalize on the growing demand for housing in Long Beach. With four units under one roof, owners can enjoy the benefits of passive income while being part of a thriving community.

Whether you’re looking for a place to call home or an investment opportunity, Bixby, Bixby Knolls, and Los Cerritos offer a perfect blend of charm, convenience, and potential. Discover the allure of these neighborhoods and find your dream home today!

Newest Bixby, Bixby Knolls, Los Cerritos (6) Homes with Quadruplex Subtype

$1,450,000

RS26207276 MLS ⋅ Active Status

Fully leased Bixby Knolls fourplex with approximately 16% rental upside and potential to add up to four detached ADUs—a path to doubling the unit count. Situated on an approximately 9,498 SF lot, the property features four 2-bedroom, 1-bath units totaling approximately 3,256 SF, four detached garages, and seven surface parking spaces. All units were renovated in 2019 with mini-split heating and cooling and upgraded appliances. Current rents average approximately $2,457 per unit, with projected rents of $2,850 following light interior updates on turnover. Annual scheduled income totals approximately $127,718, including ancillary income, with projected income of $151,370 through rent growth and full garage and parking rentals. This supports a projected 7.27% cap rate at the $1,450,000 asking price, excluding any future ADU income. The rear garage footprint offers potential for up to four detached ADUs while retaining surface parking, subject to buyer verification and City approval. Separately metered gas and electricity, on-site laundry, and proximity to Atlantic Avenue dining, shopping, and the 405/710 freeways round out the offering.

404 E Freeland, Long Beach

Start Your Search

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.