$1,050,000
$50K PRICE DROP

1202 - 1210 Myrtle Long Beach, CA 90813

Willmore Neighborhood

Estimated payment $6,711/month

Total Views 3,206
1 Bed
1 Bath
2,775 Sq Ft
$378 Price per Sq Ft

Highlights

  • 0.15 Acre Lot
  • 1-Story Property
  • 5-minute walk to Drake Park
  • Wall Furnace

About This Home

This professionally managed apartment features five 1-bedroom units positioned in a high-convenience Long Beach location with five off-street parking spots for tenant use and a common area laundry room tucked at the rear, providing an opportunity for additional rental income. In close proximity to local dining, grocery stores, and cafes. The location is also ideal for those prioritizing health and wellness, with several medical facilities located nearby. Excitement is building for the neighborhood’s future, as the property sits just moments away from the upcoming retail development on Anaheim Ave, promising even more amenities and value to the area.

Listing Agent

Tak Kida

Takeshi Kida Brokerage Phone: 347-885-1669 License #02096893 Listed on: 04/20/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 6,465 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 2,775 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry in unit
  • Leased Washer and Dryer

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 11933
  • Assessor Parcel Number 7274005009
  • $1,038 per year additional tax assessments

Community Details

Overview

  • 5 Units
  • Downtown Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $802
  • Fuel Expense $601
  • Gardener Expense $960
  • Insurance Expense $6,017
  • Maintenance Expense $6,000
  • Other Expense $1,000
  • Pest Control $696
  • Professional Management Expense $5,364
  • Trash Expense $488
  • Water Sewer Expense $1,092
  • New Taxes Expense $14,364
  • Operating Expense $37,384
  • Gross Income $72
  • Net Operating Income $52,022

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

6,465 Sq Ft Lot

Listing Details

  • CapRate: 4.95
  • Professional Management Expense: 5364.00
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 1092.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7274005009
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 378.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Uncovered
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 696.00
  • Sewer: Public Sewer
  • Trash Expense: 488.00
  • 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: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6465.00
  • Lot Size Acres: 0.1484

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Electric Expense: 802.00
  • Fuel Expense: 601.00
  • Gross Income: 72.00
  • Gross Multiplier: 11.39
  • Gross Operating Income: 89406.00
  • Gross Scheduled Income: 92171.00
  • Insurance Expense: 6017.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 72.00
  • Lot Size Area: 6465.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Maintenance Percent: 6.70
  • Net Operating Income: 52022.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 37384.00
  • Operating Expense Percent: 42.00
  • Other Expense: 1000.00
  • Other Expense Description: reserve
  • Rent Control: No
  • Total Expenses: 37384.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 14364.00
  • Tax Lot: 12
  • Tax Tract Number: 11933
  • TaxOtherAnnualAssessmentAmount: 1038.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
05/28/2026 05/28/26 Price Changed $1,050,000 -4.5% $378 / Sq Ft
04/20/2026 04/20/26 For Sale $1,100,000 -- $396 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB26081763

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Willmore

1202 - 1210 Myrtle, Long Beach, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Listing Agent
Tak Kida
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Takeshi Kida
(562) 265-3757
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