320 E Market Street, Long Beach, CA 90805

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Beds

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Baths

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Sq ft

About this home

318-320 East Market Street is a turnkey 4-unit income property featuring 3 residential units and 1 commercial storefront. 2 of the 4 units are currently occupied with tenants paying at or above market rates. 2 of the 4 units are currently vacant. At the list price, the property has outstanding fundamentals with a pro-forma 6.5 CAP RATE and 12.35 GRM. To make this one even better, all units are in good marketable condition, with upgrades by the current owner including new 200 amp electrical panels; updated plumbing; updated sprinkler and irrigation, and updated interior finishes and design in the residential units. The seller is motivated. This is one you don't want to miss.

Type

Residential

Year built

1940

Lot

5,654 sq ft

Garage

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HOA

None

Pool

View

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Solar

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Estimated payment

$7,877/mo

Principal & interest$6,316
Property tax (est.)$1,197
Home insurance (est.)$364

Down payment: 20% ($249,800)Interest rate %

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Teresa Fuller, COMPASS. MLS# P1-28074. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 7:26 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.