$2,115,000
SOLD FEB 13, 2018
16 Beds
16 Baths
6,336 Sq Ft
6,504 Sq Ft Lot

Recently Sold

$334 Per Sq Ft

3% Above List Price

21 Days on Market

Highlights

  • Forced Air Heating System
  • Ceiling Fan
  • 1-Story Property
  • Woodrow Wilson High School Rated A

About This Home

As of February 2018

8 units located in South Long Beach NOT subject to rent control. The property features all copper plumbing and an excellent unit mix for the location of all 2 bedroom/2 bath units. The upper units all have vaulted ceilings measuring over 11 feet in height. And all units have private balconies with great views of Signal Hill. The property features 12 gated, surface parking spaces as well as onsite laundry (not currently in use but should be). 6 of 8 unit interiors have been heavily remodeled to include new laminate flooring, paint, granite counters, light fixtures, bath vanities, ceiling fans and more. Remodeled units are renting for $1650-1700 per month. Long Beach rents have grown over 10% in the past year and will continue to grow due to the $1BB+ development going on. EMAIL LISTING AGENT FOR A COMPLETE SETUP INCLUDING A RENT ROLL.

Last Agent to Sell the Property

Jon Swire

The Agency License #01336277 Listed on: 12/12/2017

The Agency

Last Buyer's Agent

Cris Molles

License #01345419

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Interior Spaces

  • 6,336 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Parking

  • 12 Parking Spaces
  • Assigned Parking

Additional Features

  • 6,504 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 7260-031-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6336
  • Stories: 1
  • Year Built: 1987
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 16.00
  • Den: 0
  • Price Per S Q F T: 323.39

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 12

Utilities

  • Cooling: Ceiling Fan
  • Heating: Forced Air

Lot Info

  • Assessed Improvement Value: 701760
  • Assessed Land Value: 918000
  • Assessor Parcel Number: 7260-031-004
  • Geocode Override: No
  • Lot Size Area: 6504

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 13.30
  • Number Of Units: 8
  • Total Annual Expense: 48000
  • Type Of Units: Income
  • Vacancy Rate: 0%

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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
05/29/2025 05/29/25 For Sale $2,270,000 +7.3% $358 / Sq Ft
02/13/2018 02/13/18 Sold $2,115,000 +3.2% $334 / Sq Ft
01/02/2018 01/02/18 Pending -- -- --
12/12/2017 12/12/17 For Sale $2,049,000 -- $323 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-294698

The MLS