$4,300,000

Estimated payment $27,008/month

Total Views 6,326
20 Beds
14 Baths
10,158 Sq Ft
$423 Price per Sq Ft

Highlights

  • Gated Parking
  • 0.2 Acre Lot
  • Wood Flooring
  • Woodrow Wilson High School Rated A
  • Vaulted Ceiling
  • Balcony

About This Home

Discover a hidden gem in Long Beach's Eastside submarket with this exceptional 1980s building. Situated in a highly sought-after, low-vacancy area without Rent Control. Recent improvements include remodeled units in 2021 and an upgraded 15-space parking garage. The building comprises 10 spacious two-bedroom, condo-style apartments, each featuring bright and airy interiors. Upper units offer vaulted ceilings, and all units include large balconies for added comfort. Security is enhanced with locked entrances and surveillance cameras throughout the property. The gated garage, with 15 parking spaces, also provides potential for additional income by renting out unused spaces. Other key features include a newer roof with a lifetime guarantee and seller-owned laundry machines. With tenants responsible for their own gas and electricity, operating costs remain low. Conveniently located near freeways and public transportation, this well-maintained, income-generating property offers significant growth potential. Don't miss out on this outstanding investment opportunity in a thriving Long Beach neighborhood!

Listing Agent

Cheong Lee

Keller Williams Coastal Prop. License #02172372 Listed on: 09/01/2025

Keller Williams Coastal Prop.

Co-Listing Agent

Jason Dufault

Keller Williams Coastal Proper License #01844551

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 8,561 Sq Ft Lot
  • Gated Home

Parking

  • 15 Car Attached Garage
  • Gated Parking
  • Assigned Parking

Home Design

  • Split Level Home
  • Entry on the 1st floor

Interior Spaces

  • 10,158 Sq Ft Home
  • 3-Story Property
  • Vaulted Ceiling
  • Wood Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 14 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 7254-005-032

Community Details

Security

  • Security Service
  • Card or Code Access

Additional Features

  • 10 Units
  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

15

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Entry Floor: 1
  • Living Area: 10158
  • Lot Acreage: 0.1965
  • Stories: 3
  • Year Built: 1986
  • Number Of Photos: 46
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 20
  • Common Walls: Attached
  • Total Bathrooms: 14.00
  • Equipment: Dishwasher, Refrigerator
  • Price Per S Q F T: 423.31

Exterior Features

  • Other Features: Balcony
  • Other Structures: None

Garage/Parking

  • Garage Spaces: 15
  • Covered Parking: 15
  • Parking Garage: Garage Is Attached, Gated, Parking Space, Assigned
  • Total Parking: 15

Utilities

  • Water Heater: Gas
  • Cooling: Central
  • Heating: Central
  • Security: Card/Code Access, Community, Gated, Fire and Smoke Detection System, Carbon Monoxide Detector(s), Fire Sprinklers

Lot Info

  • Assessed Improvement Percent: 33.33
  • Assessed Improvement Value: 1530000
  • Assessed Land Percent: 66.67
  • Assessed Land Value: 3060000
  • Total Assessed Value: 4590000
  • Assessor Parcel Number: 7254-005-032
  • Lot Size Area: 8561

Rental Info

  • Land Lease Type: Fee
  • Rent Control: Yes
  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.76
  • Number Of Units: 10
  • Total Annual Expense: 57350
  • Type Of Units: 2
  • Vacancy Rate: 0

Map

Range of Values:

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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 Change Sq Ft Price
09/01/2025 09/01/25 For Sale $4,300,000 0.0% $423 / Sq Ft
08/31/2025 08/31/25 Off Market $4,300,000 -- --
07/23/2025 07/23/25 Rented $2,500 0.0% --
07/19/2025 07/19/25 Price Changed $2,500 -2.0% $3 / Sq Ft
07/06/2025 07/06/25 For Rent $2,550 0.0% --
04/13/2025 04/13/25 For Sale $4,300,000 0.0% $423 / Sq Ft
04/12/2025 04/12/25 Off Market $4,300,000 -- --
01/12/2025 01/12/25 For Sale $4,300,000 0.0% $423 / Sq Ft
06/15/2024 06/15/24 Rented $2,450 +4.3% --
06/12/2024 06/12/24 For Rent $2,350 0.0% --
11/19/2020 11/19/20 Sold $3,300,000 -5.7% $325 / Sq Ft
11/16/2020 11/16/20 Pending -- -- --
06/29/2020 06/29/20 Price Changed $3,500,000 0.0% $345 / Sq Ft
06/29/2020 06/29/20 For Sale $3,500,000 +6.1% $345 / Sq Ft
06/23/2020 06/23/20 Off Market $3,300,000 -- --
01/22/2020 01/22/20 For Sale $3,885,000 -- $382 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25-481099

The MLS