Long Beach, CA 90806 251 E Nevada Street
$1,399,000
20 more
Presented By: Ty Youngblood with Keller Williams Realty; 951-751-1994
Beds • 9
Full/Half Baths • 6 / 1
SQFT • 4,651
Garage • 5
Year Built • 1968
Home Details
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.
Presented By: Ty Youngblood with Keller Williams Realty; 951-751-1994
Interior Features for 251 E Nevada Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 251 E Nevada Street
Additional Parcels Y/NNo
Architectural StyleTraditional
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.68
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Gutters, StormDrains, StreetLights, Sidewalks
CountyLos Angeles
Current FinancingConventional
Directionsfrom 710 exirt willow east. R on Earl, L on E Nevada, Buildings on the left
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationFront
Fuel Expense0.0
Garage Spaces5.0
Garage Y/NYes
Gross Income113964.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense4000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional, Exchange1031, FannieMae, FreddieMac
Lot Size Square Feet6429.0
Lot Size UnitsSquareFeet
MLS Area5 - Wrigley Area
MobileHomeRemainsYNNo
Net Operating Income79792.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense28474.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameWrigley Area (WR)
Tax Lot18
Total Actual Rent9497.0
Trash Expense2073.0
Virtual TourClick here
Water Sewer Expense1781.0
Waterfront Y/NNo
Year Built1968
Year Built SourceAssessor
ZoningLBR2N
Exterior for 251 E Nevada Street
Building Area Total4651.0
Crops Included Y/NNo
FencingBlock, Security
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.1476
Lot Size Area6429.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters0
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking5.0
Additional Details
Price History
Keegan Cin
Team Lead
Price
$1,399,000
MLS#IG25071699
List Date
04/02/2025
Property Type
Multi-Family
Phone
(310) 963-5595
