1206 Gladys Ave Long Beach, CA 90804
Rose Park NeighborhoodEstimated payment $18,124/month
Highlights
- No HOA
- Laundry Room
- 5-minute walk to Orizaba Park
- Woodrow Wilson High School Rated A
- 14 Car Garage
About This Home
1206 Gladys Avenue is an eight-unit, value-add apartment asset located in Long Beach. Built in 1986, the property features desirable 1980's construction. All eight apartments are sizable 2 BD / 2 BA units. Two of the units have been upgraded with luxury finishings, including in-unit washers and dryers, new cabinets and countertops, AC, minisplits, and tankless water heaters. The onsite laundry room and 14 parking spaces provide the opportunity for additional income.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $35,833
Year Built
- Built in 1986
Lot Details
- 6,350 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 14 Car Garage
- Parking Available
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 7,680 Sq Ft Home
- 4-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Washer
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tax Lot 7259
- Tax Tract Number 17
- Assessor Parcel Number 7259017025
- $2,703,000 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 8 Units
- Eastside Subdivision
Amenities
- Laundry Facilities
Building Details
- 8 Leased Units
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 8 Separate Water Meters
- Insurance Expense $3,800
- Trash Expense $290
- Operating Expense $55,933
- Gross Income $233,400
- Net Operating Income $177,468
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $34,273 | $2,757,060 | $884,340 | $1,872,720 |
| 2024 | $34,273 | $2,703,000 | $867,000 | $1,836,000 |
| 2023 | $32,795 | $2,575,385 | $840,942 | $1,734,443 |
| 2022 | $30,765 | $2,524,888 | $824,453 | $1,700,435 |
| 2021 | $30,167 | $2,475,382 | $808,288 | $1,667,094 |
| 2020 | $6,284 | $467,190 | $138,691 | $328,499 |
| 2019 | $6,217 | $458,030 | $135,972 | $322,058 |
| 2018 | $5,963 | $449,050 | $133,306 | $315,744 |
| 2016 | $5,417 | $431,615 | $128,131 | $303,484 |
| 2015 | $5,209 | $425,133 | $126,207 | $298,926 |
| 2014 | $5,225 | $416,806 | $123,735 | $293,071 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/31/2026 03/31/26 | Price Changed | $2,875,000 | -0.9% | $374 / Sq Ft | |
| 01/11/2026 01/11/26 | For Sale | $2,900,000 | +9.4% | $378 / Sq Ft | |
| 06/02/2023 06/02/23 | Sold | $2,650,000 | -1.9% | $345 / Sq Ft | View Prior Sale |
| 03/28/2023 03/28/23 | Pending | -- | -- | -- | |
| 02/14/2023 02/14/23 | For Sale | $2,700,000 | +10.2% | $352 / Sq Ft | |
| 03/06/2020 03/06/20 | Sold | $2,450,000 | 0.0% | $319 / Sq Ft | View Prior Sale |
| 02/20/2020 02/20/20 | Pending | -- | -- | -- | |
| 12/12/2019 12/12/19 | For Sale | $2,450,000 | -- | $319 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25276188
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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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