Evaluating a 4 Unit as a Rental Income Property

Dustin Edwards • September 13, 2022

Evaluation is Key To Understanding Your Rental Income

When purchasing any rental income property there are a few essential items to consider when evaluating it as an investment property. Such as your ROI (return on investment) or NOI (net operating income) among other items.


When speaking specifically about 4 unit properties in Long Beach however, there are some unique aspects compared to duplexes and single family homes. 


Below are a few elements you’ll want to consider when evaluating a 4 unit rental property.



Building Configuration

Like duplexes which are most commonly built symmetrical, 4 unit properties sometimes are also built identical to each other. This isn’t always the case. Having different types of units available for rent allows a varied mix of potential tenants. Studio, single bedroom or 2 bedroom units allows you to cast a wider net to attract single tenants or small families. In some cases if a tenant is happy living in your rental unit when they’re single, they may even want to move to a larger one when they begin to grow their family. Allowing a diverse rental mix can help achieve a nice yield


On Site Features

See if the property has onsite features or amenities like connections for washers and dryers or a communal laundry, air conditioning, and outdoor spaces. 


Tenants love to avoid trips to the laundromat making in-unit laundry a major incentive and convenience. Luckily some tenants have their own washers and dryers meaning just having connections for them is enough. Though it goes without saying that if you can provide each unit with their own washers and dryers it can make your property stand out. If neither of these options are provided if the property has a communal laundry, many tenants will still prefer to carry a load of laundry to the common washer than drive down to the local laundromat.


With the weather being as hot as it's been recently, air conditioning is especially desirable to tenants. HVAC systems are preferable versus window unit air conditioning due to higher efficiency, better curb appeal and longer lifespan.


When looking for rental properties don’t forget to pay attention to the outdoor space. Balconies, porches, and patios give tenants a sense of a larger living space without adding more walls.


Parking

Parking is a feature that is incredibly important for tenants who commute. Off-street parking is more desirable as it guarantees a space even on busy days and can avoid parking tickets. 


You’ll find it’s easier to find a tenant when you include parking in the rent. Depending on available parking, you charge separately for each spot allowing for tenants who don’t drive the opportunity to save some money while tenants with multiple vehicles can pay for additional parking spaces.


Location

The neighborhood in which you purchase your 4 unit property can determine how easily you can attract tenants. Buying near the community college can attract college students which can fill vacancies quickly while at the same time make it difficult to find tenants during summer break


Good quality k-12 schools and parks can attract younger families looking to establish themselves. This can lead to the aforementioned long term tenants that can live in your rental property for years as they grow.


The area where you buy any investment property also affects how much you can charge for rent. Before you invest, be sure to have an idea of how much other units in the area are being rented for.


Finding the right investment property requires a little bit of research, if you need help evaluating a property you are looking at feel free to call us at (562) 888-0247 or feel free to fill out our
free rental analysis to see what your rental could yield today.

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By Dustin Edwards May 8, 2025
Your property’s roof is its first line of defense from the sun, rain, and wind. Which means it will eventually wear out. Many landlords overlook this since a roof is generally designed to last twenty or so years, and they simply forget until the signs begin to show. Below, we’ve compiled a short list of five signs it’s time to replace your roof for when doing property inspections. Tenant Complaints When your roof has become damaged, your tenants will likely be the first to notice. When tenants report water stains on the walls and ceilings, it's a sign that you should inspect your roof. In severe cases, your tenant may notice water dripping from roof leaks. This moisture, if left unchecked, can lead to the growth of mold and mildew, which can be a health concern for your tenants. Some tenants simply move out, assuming the odors or recurring respiratory issues are caused by the rental and not just the roof. This leaves you with a vacancy to manage, and if you’re unable to find the leak during this period, the following tenant may have a negative experience as well. Many landlords have found it beneficial to have property inspections regularly in order to preserve both the property’s value and the tenant’s trust. Roof’s Age Even with the highest quality materials, a roof still has a shelf life. Most roofs in Long Beach, CA, use asphalt shingles, and these generally last around twenty to twenty-five years. Once they've passed this threshold, the faults begin to show themselves. A sagging roof line is a sign that your roof is due to be replaced, as it's a serious concern. It often indicates that moisture has entered the underlying decking and caused some structural damage. From ground level, you may not be able to notice these problems. However, during an inspection of the property, an experienced inspector should be able to notice soft spots or contours on the roof. These forms of damage often get worse over time. Coordinating these inspections and preventative maintenance can be difficult for landlords with an extensive portfolio, which is why many enlist help. Shingle Damage Damaged shingles are one of the most obvious signs that your roof is deteriorating. If you ever notice cracking, curling, or patches with missing shingles, the roof is no longer providing adequate protection to your property. Although you can buy time with spot repairs, if the entire roof shows signs of damage, it’s likely time to replace the roof. Aside from protecting your property, the roof affects your property’s curb appeal. A patchy and worn-out roof can drive down the rental appeal. Prospective tenants will easily be able to spot the differences between pictures taken in the listing when compared to the property in person. This can not only hurt your chances of filling a vacancy, but it can also hurt your reputation as a landlord. Granules in Gutters After heavy rainfall, it's a good idea to inspect your rain gutters. If you or your property manager notice large amounts of black or gray granules, it means your roof shingles are breaking down. These granules are critical for shedding water off the roof. Once the granules fall off the shingle, the shingle begins to degrade faster under the sun and elements. If you’re not sure how old your roof may be, Loss of granules can be a strong indicator that your roof is nearing the end of its lifespan. Regular gutter cleaning and roof inspections can help catch these problems early before they become expensive repairs . Increase in Utility Bills Your tenants complaining about their utility bills increasing or poor temperature control in the rental may not realize the roof is to blame. A failing roof can result in subpar insulation and ventilation. This can lead to higher heating and cooling bills for your tenant. This can be frustrating for your tenants while putting more strain on the HVAC system. This puts more wear and tear on your HVAC system. Being aware of the warning signs and being proactive can protect your rental property, maintain tenant satisfaction , and avoid emergency repairs. If you need help inspecting your roof or you need help managing your Beach City rental property, we invite you to call us today at (562) 888-0247 or complete our Owner Application online .
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