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$1,199,999 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • Updated 3 days ago
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Great investment opportunity in Long Beach! This upgraded quadplex offers strong income potential with an approximate **7% cap rate** and **one unit currently vacant**, creating an ideal option for an owner-user or investor looking to place a new tenant at market rent. The property features **four total units**, with the remaining units occupied and income-producing. Recent improvements include an updated exterior, refreshed interiors in select units, modern finishes, and clean curb appeal. Each unit has dedicated parking, adding convenience and value for tenants. With solid rental income, recent upgrades, and upside potential through the vacant unit, this property is a great addition to any rental portfolio. Along with Community Laundry. Buyer to verify all rents, expenses, cap rate, permits, unit mix, and property details.

Full Property Details for 1216 E 56th

General

  • Price: $1,199,999
  • Status: Pending
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: DW26145351
  • Updated: 7/10/2026
  • Added to Site: 11 day(s) ago

Interior

  • Fireplace(s): None

Rooms

Other Rooms

  • Laundry: Individual Room, In Garage, Community, Common Area, Stackable

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 4
  • Parking Features: Assigned, Carport
  • Parking: Assigned, Carport

Location

  • Area: 7 - North Long Beach
  • County: Los Angeles
  • Development Name: 7 - North Long Beach
  • Driving Directions: 56th & Orange

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Radiant

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 4
  • # Electric Meters: 4

Structural Information

  • Entry Location: Front Door
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 3,906
  • Year Built: 1965

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.1103
  • Lot Size (Sq. Ft.): 4,806
  • Lot Size Source: Assessor
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $307.22
  • Price Per Unit: 300000

Disclosures and Reports

  • Inclusions: in Unit Appliances , & Community Washers and Dryers

Listed by Circle Real Estate, Christina Mercado

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Listing agent

— 1216 E 56th —

  • Christina Mercado

    Circle Real Estate

323-799-0599

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1216 E 56th

School District:Long Beach Unified School District
NameGradesDistance
Harte Elementary School
1671 East Phillips Street, Long Beach, CA 90805
K-50.3 mi
Lindbergh Middle School
1022 East Market Street, Long Beach, CA 90805
6-80.4 mi
Jordan High School, Long Beach, CA
6500 Atlantic Avenue, Long Beach, CA 90805
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1216 E 56th Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/03/2026
Listed
$1,199,999
9.09%
MLS
9/19/2022
Sold
$1,100,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1216 E 56th

Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,489
5%
$1,144,440
2%
2024
$14,820
2%
$1,122,000
2%
2023
$14,571
2%
$1,100,000
-2%
2022
$14,256
19%
$1,126,781
21%
2021
$11,943
-1%
$935,000
—
2020
$12,026
5%
$935,000
6%
2019
$11,443
7%
$880,000
6%
2018
$10,721
5%
$830,000
6%
2017
$10,197
17%
$780,000
11%
2016
$8,721
12%
$700,000
9%
2015
$7,820
-1%
$640,000
—
2014
$7,921
26%
$640,000
25%
2013
$6,276
—
$510,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1216 E 56th

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Circle Real Estate, Christina Mercado

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1216 E 56th, Long Beach, CA 90805 (MLS# DW26145351) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1216 E 56th is currently listed for $1,199,999 and was received on July 03, 2026. Want to learn more about 1216 E 56th? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.

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