$2,200,000
SOLD SEP 29, 2025
16 Beds
9 Baths
7,122 Sq Ft
7,574 Sq Ft Lot

Recently Sold

$309 Per Sq Ft

24 Days on Market

Highlights

  • 0.17 Acre Lot
  • Contemporary Architecture
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Living Room
  • Bike Trail

About This Home

As of September 2025

Located in the downtown area. Property has newer roof, six units have been refurbished, new electric circuit breakers, the upstairs pathway balcony deck are in great shape. The complex is near the beach, restaurants, shops, public transportation, bike paths, and central downtown. The complex has 4 car garages and one storage garage. plus, the complex is gated. Pictures show units 4, 5 and 7.

Last Agent to Sell the Property

Jack Bliss

J & P Realty Brokerage Phone: 310-418-7528 License #00479584 Listed on: 08/04/2025

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,574 Sq Ft Lot
  • Lot Dimensions are 50 x 152
  • Two or More Common Walls
  • Block Wall Fence
  • Level Lot
  • Density is 21-25 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Contemporary Architecture
  • Apartment
  • Entry on the 1st floor
  • Common Roof

Interior Spaces

  • 7,122 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Carbon Monoxide Detectors
  • Electric Range
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 9 Bathrooms

Outdoor Features

  • Rain Gutters

Utilities

  • Radiant Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 7266
  • Assessor Parcel Number 7266009003

Community Details

Overview

  • 9 Units
  • Downtown Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $900
  • Gardener Expense $480
  • Insurance Expense $4,000
  • Maintenance Expense $12,376
  • Pest Control $910
  • Professional Management Expense $8,060
  • Supplies Expense $90
  • Water Sewer Expense $2,728
  • New Taxes Expense $27,500
  • Operating Expense $57,309
  • Gross Income $116
  • Net Operating Income $125,830

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.70
  • Professional Management Expense: 8060.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s)
  • Subdivision Name Other: Downtown (DT)
  • Supplies Expense: 90.00
  • Water Sewer Expenses: 2728.00
  • Zoning: LBR3S
  • Architectural Style: Contemporary
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7266009003
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 308.90
  • Room Type: Kitchen, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Common Roof

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range
  • Heating Type: Electric, Radiant
  • Laundry Features: Community
  • Pest Control Expense: 910.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre, Level with Street
  • Lot Size: 50 X 152
  • Lot Size Sq Ft: 7574.00
  • Lot Size Acres: 0.1739

Multi Family

  • Average1 Bed Area: 675 Square Feet
  • Average2 Bed Area: 825 Square Feet
  • Electric Expense: 900.00
  • Gross Income: 116.00
  • Gross Operating Income: 182939.00
  • Gross Scheduled Income: 186672.00
  • Insurance Expense: 4000.00
  • Laundry Income: 116.00
  • Lot Size Area: 7574.0000 Square Feet
  • Maintenance Expense: 12376.00
  • Maintenance Percent: 6.60
  • Net Operating Income: 125830.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 57309.00
  • Operating Expense Percent: 30.70
  • Rent Control: Yes
  • Total Expenses: 57309.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 27500.00
  • Tax Area: 1790
  • Tax Census Tract: 5765.01
  • Tax Lot: 19
  • Tax Tract: 11933
  • Tax Tract Number: 7266

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2025 09/29/25 Sold $2,200,000 0.0% $309 / Sq Ft
08/04/2025 08/04/25 For Sale $2,200,000 0.0% $309 / Sq Ft
07/01/2024 07/01/24 Rented $2,025 0.0% --
06/12/2024 06/12/24 Price Changed $2,025 -1.2% $2 / Sq Ft
03/11/2024 03/11/24 For Rent $2,050 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,188 $521,810 $99,900 $421,910
2024 $8,188 $511,580 $97,942 $413,638
2023 $8,035 $501,550 $96,022 $405,528
2022 $7,585 $491,717 $94,140 $397,577
2021 $7,377 $482,077 $92,295 $389,782
2019 $7,272 $468,180 $89,558 $378,622
2018 $6,978 $459,008 $87,802 $371,206
2016 $6,399 $440,802 $84,394 $356,408
2015 $6,170 $434,182 $83,127 $351,055
2014 $6,177 $425,678 $81,499 $344,179
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25171143

California Regional Multiple Listing Service (CRMLS)