1224 E 17th St Long Beach, CA 90813
Central NeighborhoodEstimated payment $10,680/month
Total Views
5,261
11
Beds
6
Baths
5,016
Sq Ft
$349
Price per Sq Ft
About This Home
HUGE PRICE REDUCTION! Great opportunity to own a great income producing 5-units investment property in the center of Long Beach, CA! Tax record shows as 4 units but currently has 5 units. This 2 building property sits on a huge 7,790 SF lot and 5,016 SF living area. Property has (4) 2 bedrooms/1baths units and a separate (1) 3 bedroom/2 baths fully remodeled unit in the back above 6 garages. All 6 garages are rented out by tenants. Property is managed by property management company. It has low yearly operating expenses and high net income. Rents are below market with 4 units eligible for rental increase June and September 2025, and another unit in May 2027. Property is located in Central area of Long Beach, close to eateries, markets and schools.
Listing Agent
RE/MAX College Park Realty Brokerage Phone: 562-489-6670 License #01491556 Listed on: 04/15/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,178
Year Built
- Built in 1925
Lot Details
- 7,790 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 6 Car Garage
Home Design
- Quadruplex
Interior Spaces
- 5,016 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 48
- Tax Tract Number 5752
- Assessor Parcel Number 7268031031
- $1,050 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
Building Details
- 5 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $960
- Insurance Expense $1,549
- Other Expense $780
- Pest Control $1,460
- Professional Management Expense $8,363
- Water Sewer Expense $7,904
- Operating Expense $23,098
- Gross Income $6,875
- Net Operating Income $98,010
Map
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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 | $12,178 | $913,398 | $360,551 | $552,847 |
| 2024 | $12,178 | $895,489 | $353,482 | $542,007 |
| 2023 | $11,974 | $877,931 | $346,551 | $531,380 |
| 2022 | $11,258 | $860,717 | $339,756 | $520,961 |
| 2021 | $11,014 | $843,842 | $333,095 | $510,747 |
| 2020 | $10,984 | $835,190 | $329,680 | $505,510 |
| 2019 | $10,858 | $818,815 | $323,216 | $495,599 |
| 2018 | $10,481 | $802,761 | $316,879 | $485,882 |
| 2016 | $9,621 | $771,590 | $304,575 | $467,015 |
| 2015 | $9,586 | $790,484 | $305,994 | $484,490 |
| 2014 | $4,505 | $333,078 | $163,649 | $169,429 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/31/2025 05/31/25 | Price Changed | $1,750,000 | -12.1% | $349 / Sq Ft |
| 04/15/2025 04/15/25 | For Sale | $1,990,000 | +158.4% | $397 / Sq Ft |
| 04/06/2015 04/06/15 | Sold | $770,000 | +0.1% | $154 / Sq Ft |
| 03/02/2015 03/02/15 | Pending | -- | -- | -- |
| 02/18/2015 02/18/15 | For Sale | $769,000 | -- | $153 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $760,000 | North American Title | |
| Interfamily Deed Transfer | -- | North American Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $50,000 | Orange Coast Title Company O | |
| Interfamily Deed Transfer | -- | Orange Coast Title Company O | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | American Title Co | |
| Gift Deed | -- | -- | |
| Grant Deed | $330,000 | United Title Company | |
| Gift Deed | -- | United Title Company | |
| Interfamily Deed Transfer | -- | Southland Title Corporation | |
| Grant Deed | $167,000 | Southland Title Corporation | |
| Trustee Deed | $126,100 | Southland Title Corporation | |
| Grant Deed | $315,000 | Commonwealth Land Title Co | |
| Grant Deed | $136,000 | Commonwealth Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $300,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $430,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $365,000 | No Value Available | |
| Previous Owner | $315,901 | FHA | |
| Previous Owner | $206,000 | No Value Available | |
| Previous Owner | $25,000 | Stand Alone Second | |
| Previous Owner | $300,870 | FHA |
Source: Public Records
Similar Homes in Long Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25074352
APN: 7268-031-031
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