$2,030,000
SOLD DEC 19, 2025
18 Beds
10 Baths
6,810 Sq Ft
6,421 Sq Ft Lot

Recently Sold

$298 Per Sq Ft

1% Below List Price

About This Home

As of December 2025

PRICE REDUCED TO SELL - SELLER IS MOTIVATED. 10.2 GRM AND 6.7% CAP on in place rents, with upside to a 9.3 GRM and a 7.7% CAP. 8 units located on the East Side of Long Beach - subject to AB 1482 Rent Control (5% + CPI increases). All units are in very good condition. And only $299/SF. There are 2 potential Loan Options on the property. Option 1 - The Buyer can obtain a new loan with 30% down fixed for 5 years. Option 2 - Buyer can assume the existing, fully amortized loan of $1.670.000 fixed at 3.4% until November 2026 at which point it can adjust as much as 2.00%. This option allows a Buyer to purchase this property with less than 20% down. The property has new windows, new exterior paint, new landscaping, new garage doors and is professionally managed. Electrical subpanels were updated in 2024. The main panel is 200 AMPS (Buyer to verify). Most units have W/D hookups. There are 4 garages on the front of the property. Units have individual waters heaters. EMAIL LA FOR MORE INFO INCLUDING A CURRENT RENT ROLL AND SETUP.

Last Agent to Sell the Property

Jon Swire

The Agency License #01336277 Listed on: 10/24/2025

The Agency

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Parking

  • 4 Car Garage
  • Assigned Parking

Interior Spaces

  • 6,810 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 10 Bathrooms

Additional Features

  • 6,423 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Buildings
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 7260-023-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

6,423 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 6810
  • Lot Acreage: 0.1474
  • Stories: 2
  • Year Built: 1963
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 18
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 299.27

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Assigned
  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 70.00
  • Assessed Improvement Value: 1485691
  • Assessed Land Percent: 30
  • Assessed Land Value: 636724
  • Total Assessed Value: 2122415
  • Assessor Parcel Number: 7260-023-010
  • Lot Size Area: 6423

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 10.20
  • Number Of Units: 8
  • Type Of Units: Income
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/19/2025 12/19/25 Sold $2,030,000 0.0% $298 / Sq Ft
09/18/2025 09/18/25 Pending -- -- --
09/17/2025 09/17/25 Off Market $2,030,000 -- --
09/04/2025 09/04/25 Price Changed $2,038,000 0.0% $299 / Sq Ft
05/27/2025 05/27/25 Price Changed $2,039,000 -0.5% $299 / Sq Ft
01/16/2025 01/16/25 For Sale $2,049,000 +2.5% $301 / Sq Ft
01/14/2021 01/14/21 Sold $2,000,000 -2.4% $294 / Sq Ft View Prior Sale
11/23/2020 11/23/20 Pending -- -- --
09/25/2020 09/25/20 Price Changed $2,050,000 -4.7% $301 / Sq Ft
07/08/2020 07/08/20 For Sale $2,150,000 -- $316 / 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 $28,000 $2,164,862 $649,458 $1,515,404
2024 $28,000 $2,122,415 $636,724 $1,485,691
2023 $27,526 $2,080,800 $624,240 $1,456,560
2022 $25,841 $2,040,000 $612,000 $1,428,000
2021 $13,533 $1,011,232 $416,388 $594,844
2020 $13,496 $1,002,064 $412,119 $589,945
2019 $13,340 $982,440 $404,039 $578,401
2018 $12,932 $963,201 $396,117 $567,084
2016 $11,878 $924,647 $380,736 $543,911
2015 $11,418 $910,758 $375,017 $535,741
2014 $11,371 $892,918 $367,671 $525,247
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25-484309

The MLS
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