Fourplex for Sale in Long Beach, CA
A fourplex, often referred to as a quadplex, is a type of multifamily dwelling that is comprised of four independent apartments that are joined to one another under the same roof.
Long Beach Fourplexes, just like the typical structures for fourplexes, have the capacity to create the same amount of rental income as four individual rental units, in addition to providing the owner with tax savings and enabling them to subsidize the cost of their mortgage. Who doesn’t enjoy receiving tax breaks? When you purchase a fourplex, the amount of money you can deduct from your taxes has the potential to be increased significantly. Depreciation of assets, write-offs of property taxes, and deductions for any necessary maintenance or renovations are all examples of tax breaks. All of these benefits are in addition to the residential property tax cuts you already receive. If you are interested to know more about one of the many Long Beach multifamily for sale in the city, please don’t hesitate to reach out to our team at your earliest convenience.
VAST SPACES: Even when there are multiple families occupying a building, most Long Beach fourplexes are designed with enormous common areas to ensure that everyone has a comfortable place to call home. Spacious areas provide the option for different structures such as garages, private patios, laundry rooms, large living rooms, and dining areas, as well as an extension that is ideal for use as a home office or a play area. Wide spaces also provide more room for people to move around comfortably.
PASSIVE INCOME: Investing in a fourplex residential property is a fantastic choice if you are someone who is thinking about the possibility of increasing cash flow and generating additional passive sources of income. As long as the building is located in a region with a significant demand for rents, you will be able to collect sizeable monthly payments from as many as four tenants simultaneously, which will provide a steady flow of money. Because all of the management and maintenance duties are centralized in one location, fourplexes are also more cost-effective than other types of multifamily housing.
EXQUISITE DESIGN: Long Beach fourplexes that have been painstakingly designed are distinguished by their outstanding features, which are preserved with architectural integrity and the owner’s pride in the property, reflecting the style in which these homes were constructed. The owners of each Long Beach fourplexes have kept the artistic accuracy of the era by recreating the materials, colors, and patterns of the year the homes were built.
Long Beach, CA Real Estate Information
5 Real Estate Facts About Fourplex for Sale in Long Beach
- The selling prices for the Long Beach fourplexes that are now on the market begin at $1.7 million and can reach up to $2.5 million.
- Fourplex homes in Long Beach typically have five to fourteen bedrooms and four to five bathrooms.
- Spanish architecture is the most common style used in the construction of fourplex residences in Long Beach.
- The decades between the 1920s and the 1960s saw the construction of the great majority of the area’s fourplex homes.
- Long Beach multifamily for sale in are typically constructed on lots ranging in size from 0.07 acres to 0.25 acres.
Fourplex for Sale in Long Beach
Multi-Family Investment Properties in Long Beach
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Jack Patel has a unique skill set and ability to help navigate his clients through any real estate transaction, no matter what property type, to achieve the best results for his clients. Jack is also involved in the acquisition, repositioning, and disposition of hospitality properties for private investors. Jack’s ability to stay focused on the market has proven successful for many of his clients. He listens and understandings the client’s wants and needs in order to help steer them to the best situation possible based on the market. This has helped Jack create an extensive client base of new and seasoned investors for all property types. Let’s get in touch, and we will show you exceptional properties in Long Beach, CA.