$1,350,000

Estimated payment $7,809/month

Total Views 3,889
9 Beds
6 Baths
3,720 Sq Ft
$363 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • Back Yard
  • Woodrow Wilson High School Rated A
  • Rectangular Lot

About This Home

Incredible investment opportunity in Eastside Long Beach! This triplex features three spacious townhome-style units, each offering 3 bedrooms and 1.5 bathrooms with private entrances and a functional two-story layout—perfect for long-term tenants. Totaling approximately 3,720 sq ft of living space on a 5,201 sq ft lot, the property includes ample parking in the rear and low-maintenance landscaping. Each unit is separately metered for gas and electricity.This property is ideal for the savvy investor looking to own a stable asset with value-add potential in a hot rental market. Conveniently located near schools, parks, transportation, and just minutes from the beach and downtown Long Beach.

Listing Agent

Luen Song

Coldwell Banker Realty Brokerage Email: write.luen@gmail.com License #01733206 Listed on: 06/03/2025

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,230

Year Built

  • Built in 1972

Lot Details

  • 5,201 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Back Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Triplex

Interior Spaces

  • 3,720 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Paved Parking

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 7260031002
  • $776 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,616
  • Maintenance Expense $467
  • Other Expense $4,194
  • Supplies Expense $80
  • Water Sewer Expense $2,525
  • Operating Expense $9,882
  • Net Operating Income $78,798

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,230

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Price Per Unit: 450000
  • Property Attached: Yes
  • Subdivision Name Other: W.M. Raymond Tract
  • Supplies Expense: 80.00
  • Water Sewer Expenses: 2525.00
  • Zoning: LBR2N
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7260031002
  • Year Built: 1972
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: main
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 362.90

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Paved
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Rectangular Lot, Paved
  • Lot Size Sq Ft: 5201.00
  • Lot Size Acres: 0.1194

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Scheduled Income: 88680.00
  • Insurance Expense: 2616.00
  • Lot Size Area: 5201.0000 Square Feet
  • Maintenance Expense: 467.00
  • Net Operating Income: 78798.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 9882.00
  • Other Expense: 4194.00
  • Other Expense Description: taxes
  • Rent Control: Yes
  • Total Expenses: 9882.00

Tax Info

  • Tax Census Tract: 5769.01
  • Tax Lot: 15
  • Tax Tract Number: WM ...
  • TaxOtherAnnualAssessmentAmount: 776.00

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

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 $4,230 $281,801 $124,535 $157,266
2024 $4,230 $276,277 $122,094 $154,183
2023 $4,158 $270,860 $119,700 $151,160
2022 $3,924 $265,550 $117,353 $148,197
2021 $3,823 $260,344 $115,052 $145,292
2019 $3,770 $253,525 $111,641 $141,884
2018 $3,580 $248,572 $109,452 $139,120
2016 $3,276 $238,055 $105,202 $132,853
2015 $3,156 $234,480 $103,622 $130,858
2014 $3,150 $229,888 $101,593 $128,295
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2025 06/03/25 For Sale $1,350,000 -- $363 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $404,000 --
Interfamily Deed Transfer -- --
Grant Deed $176,500 North American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $360,000 Seller Take Back
Previous Owner $144,000 Seller Take Back
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25113398

California Regional Multiple Listing Service (CRMLS)

APN: 7260-031-002