$1,450,000
PENDING

Estimated payment $8,246/month

Total Views 280
3 Beds
2 Baths
4,629 Sq Ft
$313 Price per Sq Ft

Highlights

  • 0.23 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Bike Trail
  • Long Beach Polytechnic High School Rated A

About This Home

• Across the street from Franklin Classical Middle School
• Minutes to Alamitos Beach & Downtown Long Beach
• Walking distance to 4th Street Retro Row – Walk Score of 92
• Upgraded electric panels
• Approximately 18% rental upside
• 6.5% Cap Rate – current rents 8.5% Cap Rate – market rents
• Pro Forma 12% Return

Listing Agent

Grant Hahn

Morgan Skenderian Brokerage Email: gmh@morganskenderian.com License #01197893 Listed on: 05/11/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Lot Details

  • 10,020 Sq Ft Lot
  • 1 Common Wall
  • Density is 16-20 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,629 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Legal Lot and Block 13 / C
  • Tax Tract Number 10
  • Assessor Parcel Number 7266010016
  • $1,593 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 8 Separate Electric Meters
  • 3 Separate Water Meters
  • Insurance Expense $4,473
  • Trash Expense $7,001
  • Operating Expense $52,406
  • Gross Income $148,140
  • Net Operating Income $91,326

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

10,020 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7266010016
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 313.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 7001.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 10020.00
  • Lot Size Acres: 0.2300

Multi Family

  • Gross Income: 148140.00
  • Gross Scheduled Income: 148140.00
  • Insurance Expense: 4473.00
  • Lot Size Area: 10020.0000 Square Feet
  • Net Operating Income: 91326.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 8
  • Operating Expense: 52406.00
  • Rent Control: No
  • Total Expenses: 52406.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: C
  • Tax Lot: 13
  • Tax Tract Number: 10
  • TaxOtherAnnualAssessmentAmount: 1593.00

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 $4,972 $265,771 $124,576 $141,195
2024 $4,747 $260,561 $122,134 $138,427
2023 $4,651 $255,453 $119,740 $135,713
2022 $4,402 $250,445 $117,393 $133,052
2021 $4,270 $245,536 $115,092 $130,444
2020 $4,258 $243,439 $113,912 $129,527
2019 $4,210 $238,675 $111,679 $126,996
2018 $4,032 $234,005 $109,490 $124,515
2016 $3,710 $224,517 $105,240 $119,277
2015 $3,587 $221,146 $103,660 $117,486
2014 $3,605 $216,815 $101,630 $115,185
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
06/01/2026 06/01/26 Pending -- -- --
05/11/2026 05/11/26 For Sale $1,450,000 -- $313 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW26101958

California Regional Multiple Listing Service (CRMLS)
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