Seller's Agent in 2025
Jon Swire
The Agency
(310) 948-2631
1 in this area
34 Total Sales
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 Buyer's Agent
Anthony Walker
Buckingham Investments, Inc License #01908153
| 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 |
| 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 |
Seller's Agent in 2025
Jon Swire
The Agency
(310) 948-2631
1 in this area
34 Total Sales
A
Buyer's Agent in 2025
Anthony Walker
Buckingham Investments, Inc
Seller's Agent in 2021
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
75 Total Sales
Source: The MLS
MLS Number: 25-484309
Ask me questions while you tour the home.