$2,039,000
$10K PRICE DROP

Estimated payment $13,245/month

Total Views 536
2 Beds
12 Baths
5,036 Sq Ft
$405 Price per Sq Ft

About This Home

PRICED TO SELL - 9.6 GRM AND 6.5% CAP. EARN OVER A 9% CASH ON CASH RETURN. 12 Units on the Westside of Long Beach close to Downtown, subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). 1 story, bungalow style building completely remodeled down to the studs. New electrical, plumbing, kitchens, baths, lighting, etc. - Buyer to verify. Seller spent over $600K on the remodel. The property is professionally managed and features an excellent unit mix of studio and 1 bed units. There is no onsite parking but plenty of street parking. The property features a Walkscore of 85 and is a just a few minutes walk from Downtown and the Metro station. There has been over $8BB in redevelopment in Long Beach in the past 10 years including a ton of new class A apartments and restaurants. The property is also conveniently located close to the 710 Freeway providing access to employment throughout LA and Orange County. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The Long Beach Airport is also undergoing a $37MM remodel in preparation for the 2028 Olympic Games. Excellent lender financing is available for qualified Buyers at 5.4% fixed for 5 years, with 25% down.

Listing Agent

Jon Swire

The Agency License #01336277 Listed on: 07/13/2026

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,424 Sq Ft Lot
  • Lot Dimensions are 50x150

Interior Spaces

  • 5,036 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 12 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 7272-003-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

7,424 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 5036
  • Lot Acreage: 0.1704
  • Lot Dimensions: 50x150
  • Stories: 1
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 404.88

Exterior Features

  • Other Structures: None

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 35.62
  • Assessed Improvement Value: 617214
  • Assessed Land Percent: 64.38
  • Assessed Land Value: 1115517
  • Total Assessed Value: 1732731
  • Assessor Parcel Number: 7272-003-006
  • Lot Size Area: 7424

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.50
  • Number Of Units: 12
  • Type Of Units: Income

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 $24,187 $1,732,731 $1,115,517 $617,214
2024 $23,130 $1,698,757 $1,093,645 $605,112
2023 $22,720 $1,665,449 $1,072,201 $593,248
2022 $21,342 $1,632,794 $1,051,178 $581,616
2021 $20,890 $1,600,779 $1,030,567 $570,212
2019 $20,309 $1,530,000 $1,071,000 $459,000
2018 $18,840 $1,425,348 $998,784 $426,564
2016 $13,839 $1,066,011 $746,208 $319,803
2015 $11,842 $920,000 $522,800 $397,200
2014 $11,110 $840,000 $477,300 $362,700
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 Prior Sale
08/03/2026 08/03/26 Price Changed $2,039,000 -0.5% $405 / Sq Ft
07/13/2026 07/13/26 For Sale $2,049,000 +49.6% $407 / Sq Ft
01/25/2016 01/25/16 Sold $1,370,000 -1.8% $272 / Sq Ft View Prior Sale
11/30/2015 11/30/15 Pending -- -- --
11/06/2015 11/06/15 For Sale $1,395,000 -- $277 / Sq Ft
Source: The MLS

Purchase 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 Type Sale Price Title Company
Grant Deed $1,553,500 Fidelity National Title
Grant Deed -- None Available
Grant Deed $1,370,000 North American Title Company
Grant Deed $825,000 North American Title Company
Interfamily Deed Transfer -- Ticor Title Co Brea Branch
Grant Deed $915,000 Ticor Title Co Brea Branch
Quit Claim Deed $25,000 --
Grant Deed $80,000 Old Republic Title Company
Trustee Deed $200,000 World Title Company
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Open $1,781,250 Commercial
Closed $1,500,000 Construction
Previous Owner $577,500 Commercial
Previous Owner $686,250 Commercial
Previous Owner $284,000 Commercial
Previous Owner $210,000 Commercial
Source: Public Records

Source: The MLS

MLS Number: 26859339

The MLS

APN: 7272-003-006

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