2,904 sqft

$1,220,000

1339 E Wesley Drive, Long Beach CA, 90806

Price per sqft$420.11

Built in1922

Property size2,904 sqft

Property typeMulti-family

Bought with Andrew Poland Villagomez with Real Broker and Listed by Luen Song CA DRE# 01733206 with Coldwell Banker Realty [email protected]

Overview

Sold

Closed

Listed Apr 3, 2026

Updated Aug 25

Introducing 1339 E Wesley Drive, a high-performing 5-unit multifamily asset in Eastside Long Beach featuring a front 1BD/1BA home and a rear 4-unit building with (4) 2BD/1BA units. The property is primarily occupied with Section 8 tenants, providing guaranteed, on-time income and consistent cash flow. In 2025, the property generated approximately $114,000 in gross annual rents, representing an attractive ~9.1% gross yield at the asking price. The property offers on-site parking, a rare and highly desirable amenity in a parking impacted area. All units are separately metered for gas and electricity, include individual water heaters, and the layout is well-suited for RUBS or utility bill-backs, offering additional expense reduction potential. A compelling cash-flow investment with built-in upside in a high-demand rental market.

Additional information

MLS^® ID: PW26069273

Interior Features

Basement: No

Exterior Features

Lot Size: 0.15 Acres

Other Property Details

55+/Senior Community: No

Also listed on SDMLS

Bought with Andrew Poland Villagomez with Real Broker and Listed by Luen Song CA DRE# 01733206 with Coldwell Banker Realty [email protected]

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/25/2026. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/25/2026 at 1:25 AM UTC Last Checked: 1:25 AM UTC