NOT LISTED FOR SALE
18 Beds
10 Baths
6,810 Sq Ft
6,423 Sq Ft Lot

Sale Details

Date Sold: December 19, 2025

Last sale price $2,030,000 $298 Per Sq Ft

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

Lot Details

  • 6,423

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2025
Closed on
Dec 16, 2025
Sold by
Bought by
Seller's Agent
Jon Swire
The Agency
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$2,049,000
Sold Price
$2,030,000
Premium/Discount to List
-$19,000
-0.93%
Views
40

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,522,500
Interest Rate
0.0622%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 8, 2020
Closed on
Dec 1, 2020
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
List Price
$2,150,000
Sold Price
$2,000,000
Premium/Discount to List
-$150,000
-6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.30%
Original Mortgage
$1,500,000
Interest Rate
0.0271%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
0.0662%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 13, 2007
Sold by
Bought by

Purchase Details

Closed on
Oct 17, 2000
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 Buyer Sale Price Title Company
$2,030,000 Monarch Title
$2,000,000 Old Republic Title
$850,000 None Available
-- None Available
-- Provident Title
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 Borrower Loan Amount
Open $1,522,500
Previous Owner $1,687,000
Previous Owner $1,500,000
Previous Owner $1,500,000
Previous Owner $750,000
Previous Owner $590,000
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
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

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 $29,286 $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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