NOT LISTED FOR SALE
3 Beds
2 Baths
7,045 Sq Ft
8,224 Sq Ft Lot

Last Sold August 13, 2025

Last sale price $2,480,000 $352 Per Sq Ft

109 Days on Market

Highlights

  • 0.19 Acre Lot
  • No HOA
  • Laundry Room
  • Long Beach Polytechnic High School Rated A

About This Home

As of August 2025

Property just recently completed the process of upgrading the existing 11 meters. Installing 11 new electric panels in outside cabinet & installing a new 400amp main disconnect switch supplying power to 10 existing apartment units. Nearly $92K was spent on this upgrade. Spacious 10 unit building with 5 garages in a prime location of Long Beach. Enjoy an attractive unit mix of (2) 2bd/1ba & (8) 1bd/1ba units. Units are very spacious with a total of 7,045 sqft. Tenants enjoy on-site Laundry & large grass yard at the front and also along the side of the building. The building is located in a very desirable area near both Belmont shores and close to Shoreline Village, The Pike Outlets, and downtown giving you great access to restaurants, shopping, near the ocean and beaches, and close to many freeways, the Long Beach airport, CSLB, and more.

Last Agent to Sell the Property

Louis Mannone

Realty One Group West Brokerage Phone: 714-906-8571 License #00933588 Listed on: 01/24/2025

Realty One Group West

Co-Listed By

Nina Mannone

Realty One Group West Brokerage Phone: 714-906-8571 License #01851852

Last Buyer's Agent

Ryan Pratt

Skyline Commercial Real Estate License #02179841

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 8,224 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 7,045 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 14 / 133
  • Tax Tract Number 133
  • Assessor Parcel Number 7275004015
  • $1,885 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 10 Units
  • Alamitos Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 9 Leased Units
  • Rent Control
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $385
  • Gardener Expense $5,870
  • Insurance Expense $3,900
  • Professional Management Expense $13,425
  • Water Sewer Expense $5,017
  • New Taxes Expense $36,655
  • Gross Income $222,240
  • Net Operating Income $138,733

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 13425.00
  • Property Attached: No
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 5017.00
  • Zoning: LBR3S
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 5870.00
  • Parcel Number: 7275004015
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 352.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8224.00
  • Lot Size Acres: 0.1888

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 385.00
  • Garage Income: 620.00
  • Gross Income: 222240.00
  • Gross Multiplier: 12.04
  • Gross Scheduled Income: 222240.00
  • Insurance Expense: 3900.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 623.00
  • Lot Size Area: 8224.0000 Square Feet
  • Net Operating Income: 138733.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 10
  • Operating Expense: 85030.00
  • Rent Control: Yes
  • Total Actual Rent: 17975.00

Tax Info

  • New Taxes Expense: 36655.00
  • Tax Block: 133
  • Tax Census Tract: 5765.01
  • Tax Lot: 14
  • Tax Tract Number: 133
  • TaxOtherAnnualAssessmentAmount: 1885.00

Range of Values:

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Value Increase
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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 List to Sale Price per Sq Ft
08/13/2025 08/13/25 Sold $2,480,000 -4.4% $352 / Sq Ft
05/13/2025 05/13/25 Pending -- -- --
05/02/2025 05/02/25 Price Changed $2,595,000 -3.7% $368 / Sq Ft
03/03/2025 03/03/25 Price Changed $2,695,000 -3.6% $383 / Sq Ft
01/24/2025 01/24/25 For Sale $2,795,000 -- $397 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25016965

California Regional Multiple Listing Service (CRMLS)