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$1,220,000
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Property Description
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.
Full Property Details
Full Property Details for 1339 E Wesley Dr
General
- Sold For: $1,220,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW26069273
- Added to Site: 124 day(s) ago
Rooms
Other Rooms
- Laundry: Gas & Electric Dryer Hookup
Additional Information
- Pool Description: None
Location
- Area: 3 - Eastside, Circle Area
- County: Los Angeles
- Development Name: 3 - Eastside, Circle Area
- Driving Directions: Between Orange and Walnut Ave.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Gas Meters: 5
- # Electric Meters: 5
Structural Information
- Entry Location: ground level
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 2,904
- Year Built: 1922
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
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
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.1511
- Lot Size Source: Assessor
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $420.11
- Price Per Unit: 250000
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Schools
Schools serving 1339 E Wesley Dr
School District:Long Beach Unified School District
| Name | Grades | Distance |
|---|---|---|
Alvarado Elementary School 1400 East 20th Street, Long Beach, CA 90806 | K-5 | 0.1 mi |
Jessie Nelson Academy 1951 Cherry Avenue, Signal Hill, CA 90755 | 6-8 | 0.3 mi |
Polytechnic High School, Long Beach, CA 1600 Atlantic Ave., Long Beach, CA 90813 | 9-12 | 0.7 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 1339 E Wesley Dr
Date
Details
Price
Change
Source
6/01/2026
Sold
$1,220,000
-2.4%
MLS
4/03/2026
Listed
$1,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1339 E Wesley Drive, Long Beach, CA 90806 (MLS# PW26069273) is a Multi-Family property that was sold at $1,220,000 on June 01, 2026. This property was listed by Luen Song from our Long Beach Office.Want to learn more about 1339 E Wesley Drive? 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.


