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$1,300,000

  • Sold
  • Closed
  • Multi-Family
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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

  • Sold For: $1,300,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: DW26145351
  • Added to Site: 58 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 Source: Assessor
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $332.82
  • Price Per Unit: 300000

Disclosures and Reports

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

Meet the selling agent

Meet the selling agent
— 1216 E 56th —

Get Pre-Approved Today

Be ready to buy your new home!

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NMLS#: 1598647

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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

Date
Details
Price
Change
Source
8/11/2026
Sold
$1,300,000
8.33%
MLS
7/03/2026
Listed
$1,199,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Recent Sales near 1216 E 56th

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1216 E 56th, Long Beach, CA 90805 (MLS# DW26145351) is a Multi-Family property that was sold at $1,300,000 on August 11, 2026. This property was sold by Craig Cornwell from our Huntington Beach Office.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.