Seller's Agent in 2021
John 'Jack' McCann
Lyon Stahl Investment Real Estate, Inc.
(310) 408-0121
1 in this area
37 Total Sales
1241 E Wesley Dr Long Beach, CA 90806
Sunrise Neighborhood
6
Beds
5
Baths
2,576
Sq Ft
6,534
Sq Ft Lot
Highlights
- Bungalow
- 1-Story Property
- 3-minute walk to Jenni Rivera Memorial Park
- Alvarado Elementary Rated 9+
About This Home
As of August 2021Five unit investment property located within an Opportunity Zone of Long Beach. Listed for a modest $160,000 per unit, this late 1920's construction property consists of six bedrooms and five bathrooms. Every unit stands independent, with no common walls. Four buildings provide one bedroom and one bathroom each. The fifth building, located at the rear of the property, contains two bedrooms and one bathroom. Units are separately metered for gas and electricity. Renovations have included over half of the windows being replaced with double-pane windows and roofs are five years new. Rear alleyway access provides the opportunity to create a minimum of 5 personal parking spaces for tenants. With additional renovations, and the substantial rental upside potential, investors could net an 8.20% cap rate at market rents. *SOLD AS-IS* **DO NOT DISTURB TENANTS**
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01963932 Listed on: 07/21/2021
Home Details
Home Type
- Single Family
Year Built
- Built in 1929
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 50x130
- Property is zoned LBR2N
Home Design
- Bungalow
- Fixer Upper
Interior Spaces
- 2,576 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Parking
- 5 Parking Spaces
- Public Parking
- Driveway
Utilities
- Window Unit Cooling System
- Heating System Mounted To A Wall or Window
Community Details
- 5 Units
Listing and Financial Details
- Tenant pays for gas, electricity
- The owner pays for water
- Assessor Parcel Number 7210-040-007
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/31/2021 08/31/21 | Sold | $845,000 | +5.6% | $328 / Sq Ft |
| 08/09/2021 08/09/21 | Pending | -- | -- | -- |
| 07/21/2021 07/21/21 | For Sale | $800,000 | -- | $311 / Sq Ft |
Source: The MLS
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 | $12,068 | $912,638 | $530,604 | $382,034 |
| 2024 | $12,068 | $894,744 | $520,200 | $374,544 |
| 2023 | $11,859 | $877,200 | $510,000 | $367,200 |
| 2022 | $11,141 | $860,000 | $500,000 | $360,000 |
| 2021 | $4,688 | $320,696 | $116,138 | $204,558 |
| 2020 | $4,675 | $317,409 | $114,948 | $202,461 |
| 2019 | $4,621 | $311,187 | $112,695 | $198,492 |
| 2018 | $4,429 | $305,086 | $110,486 | $194,600 |
| 2016 | $4,080 | $293,242 | $106,197 | $187,045 |
| 2015 | $3,929 | $288,838 | $104,602 | $184,236 |
| 2014 | $3,929 | $283,181 | $102,553 | $180,628 |
Source: Public Records
Agents Affiliated with this Home
-
John 'Jack' McCann
-
Marissa Case
Seller Co-Listing Agent in 2021
Marissa Case
Rise Realty
(562) 253-3348
1 in this area
8 Total Sales
-
Jimmy Thach
Buyer's Agent in 2021
Jimmy Thach
Seal Real Estate
(714) 622-4735
2 in this area
62 Total Sales
Map
Source: The MLS
MLS Number: 21-763586
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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