$4,300,000
RENTED JUL 23, 2025

Estimated payment $27,843/month

Total Views 12,184
20 Beds
14 Baths
10,158 Sq Ft
$423 Price per Sq Ft

Highlights

  • Gated Parking
  • 0.2 Acre Lot
  • Balcony
  • Woodrow Wilson High School Rated A
  • Wood Flooring
  • Security Service

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: 04/13/2025

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 Garage
  • Gated Parking
  • Assigned Parking

Home Design

  • Split Level Home

Interior Spaces

  • 10,158 Sq Ft Home
  • 3-Story Property
  • 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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
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

Similar Homes in Long Beach, CA

  • 915 Cherry Ave, Long Beach, CA 90813

    $4,450,000

    • 3 Beds
    • 2 Baths
    • 15,328 Sq Ft
    • 915 Cherry Ave
    • Long Beach, CA

    905 & 915 Cherry Avenue is a 2-property, 26-unit multifamily portfolio located in Long Beach, California. Built in 1922, 905 & 915 Cherry Avenue offers investors an opportunity to acquire a sizable footprint in one of Los Angeles County’s most desirable rental markets. 905 & 915 Cherry Avenue features an attractive mix of one and two-bedroom floor plans with desirable property amenities including

    Tyler Leeson Marcus & Millichap RE Invest

    Section Image
  • 2009 E 7th St, Long Beach, CA 90804

    $4,499,000

    • 3 Beds
    • 4 Baths
    • 17,730 Sq Ft
    • 2009 E 7th St
    • Long Beach, CA

    This is a 26-unit value-add mixed-use offering in Long Beach. The two-building property, which totals approximately 17,730 square feet, is in the Historic Rose Park District on the northeast corner of 7th Street and Cherry Avenue. It comprises 8 retail spaces, one studio, 12 one-bedroom apartments, and 5 two-bedroom apartments.With approximately 20% rental upside to capture, with some renovations

    Mike Marcu Mike Marcu, Broker

    Section Image
  • 3817 E Livingston Dr, Long Beach, CA 90803

    $4,095,000

    • 3 Beds
    • 3 Baths
    • 6,310 Sq Ft
    • 3817 E Livingston Dr
    • Long Beach, CA

    SeaGlass Apartments is a rare 12-unit multifamily investment property located in the unparalleled Belmont Heights neighborhood of Long Beach, CA. Renovated in 2016, SeaGlass Apartments offers a diverse mix of studio, one, and two-bedroom bungalow style floor plans as well as amenities including a secured entry way, garage parking spaces, an on-site laundry facility, and ocean views from select

    Tyler Leeson Marcus & Millichap RE Invest

    Section Image
  • 1850 Gardenia Ave, Long Beach, CA 90806

    $3,900,000

    • 3 Beds
    • 2 Baths
    • 12,700 Sq Ft
    • 1850 Gardenia Ave
    • Long Beach, CA

    Presenting a rare opportunity to acquire a well-maintained 17-unit multifamily property currently operating at a 6.05% CAP Rate and a 10.58 GRM! This two-story asset features a favorable unit mix of (4) one-bedroom/one-bath units and (13) two-bedroom/one-bathunits, catering to strong rental demand in the area.Located in a quiet residential neighborhood near Signal Hill, the property offers

    Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

    Section Image
  • 1334 Walnut Ave, Long Beach, CA 90813

    $4,500,000

    • 3 Beds
    • 2 Baths
    • 14,842 Sq Ft
    • 1334 Walnut Ave
    • Long Beach, CA

    Presenting an exceptional investment opportunity in Long Beach, CA. This distinguished 14,842 SF building, comprising 22 units, is tailor-made for savvy multifamily/low-rise/garden investors. Built in 1962, the property is strategically positioned in the thriving Long Beach rental market. With its newer windows, a superb mix of one- and two-bedroom ?oorplans, garage parking, separately metered

    Jason Kirklen Kirklen Investment Group

    Section Image
  • 1912 E 2nd St, Long Beach, CA 90802

    $4,550,000

    • 2 Beds
    • 4 Baths
    • 9,662 Sq Ft
    • 1912 E 2nd St
    • Long Beach, CA

    Priced to sell at an 10.81 GRM and a 6.06% Cap Rate in the most coveted pocket of Alamitos Beach!Pro forma 9.09 GRM and 7.65% Cap Rate! This opportunity delivers immediate cash flow with 26% upside in NOI. 1912 E. 2nd Street is a well maintained 19-unit apartment building steps from Bixby Park and the Pacific Ocean. This location ensures effortless access to trendy dining,

    Shane Young Younglewin Advisors, Inc.

    Section Image
  • 448 Orange Ave, Long Beach, CA 90802

    $4,500,000

    • 1 Bed
    • 2 Baths
    • 8,486 Sq Ft
    • 448 Orange Ave
    • Long Beach, CA

    Nestled in one of Southern California's most eclectic and vibrant cities, Long Beach, California, this timeless Spanish apartment building is a true gem. Less than half a mile from the Pacific Ocean, this property boasts 22 charming units, offering a mix of one-bedroom and studio apartments. Located in the heart of the Alamitos Beach and the Downtown area, residents enjoy a dynamic neighborhood

    Michael Robinson Broadmoor Realty, Inc.

    Section Image
  • 5331 E Ocean Blvd, Long Beach, CA 90803

    $3,245,000

    • 4 Beds
    • 3 Baths
    • 1,884 Sq Ft
    • 5331 E Ocean Blvd
    • Long Beach, CA

    What an exciting time to live in Belmont Shore! With the 2028 Olympic Games set to bring global attention and energy to the area, this coastal gem offers not just a home, but a front-row seat to history. Whether you’re strolling to the beach, enjoying the local cafes, or planning for the future, this is more than a home—it’s a lifestyle rooted in one of Long Beach’s most iconic neighborhoods.

    Carolyn Mercurio Millennium Realty Group

    Section Image
  • 721 E 7th St, Long Beach, CA 90813

    $3,425,000

    • 3 Beds
    • 3 Baths
    • 10,464 Sq Ft
    • 721 E 7th St
    • Long Beach, CA

    721 E. 7th Street is an 16-unit apartment asset located in the East Village Arts District neighborhood of Downtown Long Beach. The property is offered at 10.87 GRM and 5.55% cap rate on current rents. The building in the front of the property was built in 1923, and offers (3) 2BD/1BA units, (8) 1BD/1BA units and (5) studio units. Fifteen (15) of the units have been upgraded with new flooring,

    Robert Stepp Keller Williams Realty Downey

    Section Image

Source: The MLS

MLS Number: 25-481099

The MLS