1005 E Harding St Long Beach, CA 90805
Houghton Park NeighborhoodEstimated payment $15,536/month
Highlights
- Corner Lot
- Courtyard Views
- Heating Available
- No HOA
- Laundry Facilities
About This Home
Pleased to present 1005 East Harding Street, a well-maintained 10-unit apartment community in Long Beach's desirable North Long Beach submarket. The property features a strong unit mix of three 1-bedroom/1-bath units, six 2-bedroom/1-bath units, and one spacious 3-bedroom/1-bath unit with a fireplace, generating $20,741 per month in gross scheduled rent with additional income from four garages and on-site laundry. The property is fully all-electric with no gas.
Current ownership has invested approximately $200,000 in capital improvements including updated kitchens, bathrooms, plumbing, laminate flooring in select units, and a completely new electrical system throughout the property — significantly reducing the capital expenditure burden for a new investor. SB 721 balcony inspections have been completed and approved with the City of Long Beach, eliminating a common compliance concern for buyers of properties built before 2000.
The property delivers a 6.14% cap rate on current income with a clear path to a 7.03% proforma cap rate through maximum allowable rent increases under AB 1482. This is an investment opportunity for a buyer seeking stable cash flow with built-in upside through strategic management.
Listing Agent
Erik Michael Ransdell, Broker Brokerage Phone: 714-392-6380 License #02077589 Listed on: 08/17/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 8,415 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 7,876 Sq Ft Home
- 2-Story Property
- Courtyard Views
Bedrooms and Bathrooms
- 18 Bedrooms
- 10 Full Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Additional Features
- Suburban Location
- Heating Available
Listing and Financial Details
- Tax Lot 17
- Tax Tract Number 9707
- Assessor Parcel Number 7115023025
- $2,156 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 10 Units
- North Long Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- 10 Separate Electric Meters
- 10 Separate Water Meters
- Electric Expense $13,383
- Insurance Expense $6,807
- Professional Management Expense $13,015
- New Taxes Expense $26,400
- Operating Expense $105,410
- Gross Income $252,825
- Net Operating Income $147,415
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $33,583 | $2,525,853 | $469,233 | $2,056,620 |
| 2025 | $33,583 | $2,476,328 | $460,033 | $2,016,295 |
| 2024 | $32,113 | $2,427,773 | $451,013 | $1,976,760 |
| 2023 | $31,565 | $2,380,170 | $442,170 | $1,938,000 |
| 2022 | $13,994 | $1,018,226 | $407,290 | $610,936 |
| 2021 | $13,663 | $998,261 | $399,304 | $598,957 |
| 2020 | $13,625 | $988,026 | $395,210 | $592,816 |
| 2019 | $13,467 | $968,654 | $387,461 | $581,193 |
| 2018 | $13,056 | $949,662 | $379,864 | $569,798 |
| 2016 | $11,991 | $912,787 | $365,114 | $547,673 |
| 2015 | $11,534 | $899,077 | $359,630 | $539,447 |
| 2014 | $11,499 | $881,466 | $352,586 | $528,880 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/17/2026 08/17/26 | For Sale | $2,400,000 | -- | $305 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,334,000 | Ticor Title | |
| Grant Deed | -- | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | United Title Company | |
| Grant Deed | $760,000 | United Title Company | |
| Interfamily Deed Transfer | -- | North American Title | |
| Individual Deed | -- | North American Title | |
| Interfamily Deed Transfer | -- | Southern California Title Co | |
| Grant Deed | $375,000 | Southern California Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,500,000 | New Conventional | |
| Closed | $1,460,000 | New Conventional | |
| Closed | $1,460,000 | New Conventional | |
| Previous Owner | $630,232 | Commercial | |
| Previous Owner | $550,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26180082
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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