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$1,399,000
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Property Description
Located in Long Beach's Wrigley neighborhood-an area benefiting from ongoing city investment and revitalization-251 E Nevada St presents a rare opportunity to own a large, income-generating fourplex with solid functionality and strong long-term upside.
While legally recorded as a 7-bedroom, 6-bathroom building, the property is currently configured as 9 bedrooms and 6 bathrooms across four spacious units: one 3-bedroom, 2-bath unit; two 2-bedroom, 2-bath units; and one 2-bedroom, 1-bath unit. With approximately 4,651 square feet of interior space, each unit offers larger layouts than typically found in this segment of the market.
This added bedroom and square footage advantage supports stronger rents compared to similarly sized buildings-an appealing benefit for investors focused on maximizing return. Each unit is assigned a garage, and the property sits on a well-kept lot in a high-demand rental corridor.
Whether you're seeking in-place cash flow, a value-add opportunity, or a solid 1031 exchange target, 251 E Nevada offers the scale and flexibility rarely found in this price range.
Full Property Details
Full Property Details for 251 E Nevada St
General
- Sold For: $1,399,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: IG25071699
- Added to Site: 333 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area, Community
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 5
Location
- Area: 5 - Wrigley Area
- County: Los Angeles
- Development Name: 5 - Wrigley Area
- Driving Directions: from 710 exirt willow east. R on Earl, L on E Nevada, Buildings on the left
Utilities
- Sewer: Public Sewer
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Architectural Style: Traditional
- Roof: Composition
- Entry Location: Front
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 4,651
- Year Built: 1968
Lot Features
- Lot Size (Acres): 0.1476
- Lot Size Source: Assessor
- Zoning: LBR2N
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $300.8
- Price Per Unit: 349750
Listed by Keller Williams Realty, Ty Youngblood
Sold by Buckingham Investments, Inc, Matthew Mahowald
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Schools
Schools serving 251 E Nevada St
School District:Long Beach Unified School District
| Name | Grades | Distance |
|---|---|---|
Robinson Academy 1400 East 20th Street, Long Beach, CA 90806 | K-8 | 1.1 mi |
Polytechnic High School, Long Beach, CA 1600 Atlantic Ave., Long Beach, CA 90813 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 251 E Nevada St
Date
Details
Price
Change
Source
5/23/2025
Sold
$1,399,000
—
MLS
4/02/2025
Listed
$1,399,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
251 E Nevada Street, Long Beach, CA 90806 (MLS# IG25071699) is a Multi-Family property that was sold at $1,399,000 on May 23, 2025. Want to learn more about 251 E Nevada Street? Do you have questions about finding other Multi-Family real estate for sale in Wrigley Area? You can browse all Wrigley Area real estate or contact a Coldwell Banker agent to request more information.

