$2,280,000
$40K PRICE DROP

Estimated payment $15,076/month

Total Views 1,953
2 Beds
2 Baths
6,336 Sq Ft
$360 Price per Sq Ft

About This Home

8-unit apartment building in Long Beach's highly desirable Eastside/Rose Park submarket, offered at a 6.13% current cap rate. Built in 1987, the property features an all 2-bed/2-bath unit mix, a rare configuration in Long Beach's small multifamily market, with private balconies, dishwashers, and individual water heaters in every unit. Upstairs units feature 11+ ft vaulted ceilings. Fully occupied with stable in-place income and rent upside under AB 1482. 12 on-site garage spaces (1.5/unit), on-site laundry, new roof and exterior paint in 2025, and separately metered gas and electricity. Post-1980 vintage insulates buyers from costly retrofit exposure common in the city's older stock. Minutes from Retro Row, Belmont Shore, and the 405/605/22 freeways.

Listing Agent

Chris van Vuuren

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 714-655-0098 License #02060007 Listed on: 05/07/2026

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent

Cris Molles

The Realestate Group Brokerage Phone: 714-655-0098 License #01345419

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1987

Lot Details

  • 6,504 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 12 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 6,336 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 11933
  • Assessor Parcel Number 7260031004
  • $1,764 per year additional tax assessments

Community Details

Overview

  • 8 Units
  • Eastside Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,083
  • Fuel Expense $2,083
  • Insurance Expense $6,348
  • Professional Management Expense $10,272
  • Trash Expense $2,083
  • Water Sewer Expense $2,083
  • Operating Expense $65,688
  • Gross Income $211,740
  • Net Operating Income $139,745

Property Details

Home Type

Apartment

Year Built

Built in 1987

Lot Details

6,504 Sq Ft Lot

Parking

12

Listing Details

  • CapRate: 6.13
  • Professional Management Expense: 10272.00
  • Property Attached: No
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 2083.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7260031004
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 359.85

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 12.00
  • Total Parking Spaces: 12.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2083.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6504.00
  • Lot Size Acres: 0.1493

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Electric Expense: 2083.00
  • Fuel Expense: 2083.00
  • Gross Income: 211740.00
  • Gross Multiplier: 10.77
  • Gross Scheduled Income: 211740.00
  • Insurance Expense: 6348.00
  • Laundry Income: 1500.00
  • Lot Size Area: 6504.0000 Square Feet
  • Net Operating Income: 139745.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 65688.00
  • Rent Control: No
  • Total Expenses: 65688.00

Tax Info

  • Tax Lot: 17
  • Tax Tract Number: 11933
  • TaxOtherAnnualAssessmentAmount: 1764.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2025 $32,262 $2,403,090 $1,265,263 $1,137,827
2024 $30,850 $2,355,971 $1,240,454 $1,115,517
2023 $30,327 $2,309,777 $1,216,132 $1,093,645
2022 $28,465 $2,264,488 $1,192,287 $1,072,201
2021 $27,889 $2,220,087 $1,168,909 $1,051,178
2019 $27,490 $2,154,240 $1,134,240 $1,020,000
2018 $21,222 $1,652,155 $936,360 $715,795
2017 $20,998 $1,619,760 $918,000 $701,760
2016 $13,105 $1,033,705 $379,460 $654,245
2015 $12,593 $1,018,179 $373,761 $644,418
2014 $12,535 $998,235 $366,440 $631,795
Source: Public Records

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 Prior Sale
07/07/2026 07/07/26 Price Changed $2,280,000 -1.7% $360 / Sq Ft
05/07/2026 05/07/26 For Sale $2,320,000 +9.7% $366 / Sq Ft
02/13/2018 02/13/18 Sold $2,115,000 +3.2% $334 / Sq Ft View Prior Sale
01/02/2018 01/02/18 Pending -- -- --
12/12/2017 12/12/17 For Sale $2,049,000 -- $323 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $2,112,000 Fidelity National Title
Grant Deed $1,588,000 Ticor Title Company
Grant Deed -- First American Title Ins Co
Trustee Deed $16,073 Accommodation
Grant Deed $1,331,500 First American Title Ins Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Chicago Title Co
Interfamily Deed Transfer -- --
Grant Deed $231,000 Stewart Title
Quit Claim Deed -- Stewart Title
Source: Public Records

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 $1,450,000 Commercial
Closed $1,374,750 Construction
Previous Owner $1,100,000 Commercial
Previous Owner $1,010,000 Commercial
Previous Owner $568,800 Commercial
Previous Owner $6,548,760 Commercial
Previous Owner $270,000 Commercial
Previous Owner $38,580 Commercial
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB26099694

California Regional Multiple Listing Service (CRMLS)
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