1339 E Wesley Dr Long Beach, CA 90806
Sunrise NeighborhoodEstimated payment $7,212/month
Highlights
- No HOA
- Laundry Room
- 2-minute walk to Jenni Rivera Memorial Park
- Alvarado Elementary Rated 9+
About This Home
Introducing 1339 E Wesley Drive, a high-performing 5-unit multifamily asset in Eastside Long Beach featuring a front 1BD/1BA home and a rear 4-unit building with (4) 2BD/1BA units. The property is primarily occupied with Section 8 tenants, providing guaranteed, on-time income and consistent cash flow. In 2025, the property generated approximately $114,000 in gross annual rents, representing an attractive ~9.1% gross yield at the asking price. The property offers on-site parking, a rare and highly desirable amenity in a parking impacted area. All units are separately metered for gas and electricity, include individual water heaters, and the layout is well-suited for RUBS or utility bill-backs, offering additional expense reduction potential. A compelling cash-flow investment with built-in upside in a high-demand rental market.
Listing Agent
Coldwell Banker Realty Brokerage Email: write.luen@gmail.com License #01733206 Listed on: 04/03/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 6,581 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Entry on the 1st floor
Interior Spaces
- 2,904 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 12 / C
- Tax Tract Number 2062
- Assessor Parcel Number 7210040013
- $1,081 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
- Circle Subdivision
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- Insurance Expense $2,457
- Water Sewer Expense $1,686
- Operating Expense $4,143
- Gross Income $113,952
- Net Operating Income $109,809
Map
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 | $6,468 | $448,400 | $256,230 | $192,170 |
| 2024 | $6,468 | $439,608 | $251,206 | $188,402 |
| 2023 | $6,352 | $430,989 | $246,281 | $184,708 |
| 2022 | $5,984 | $422,539 | $241,452 | $181,087 |
| 2021 | $5,844 | $414,255 | $236,718 | $177,537 |
| 2020 | $5,829 | $410,008 | $234,291 | $175,717 |
| 2019 | $5,762 | $401,970 | $229,698 | $172,272 |
| 2018 | $5,522 | $394,090 | $225,195 | $168,895 |
| 2016 | $5,083 | $378,789 | $216,451 | $162,338 |
| 2015 | $4,891 | $373,100 | $213,200 | $159,900 |
| 2014 | $4,883 | $365,792 | $209,024 | $156,768 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/03/2026 04/03/26 | For Sale | $1,250,000 | +6.8% | $430 / Sq Ft |
| 11/13/2025 11/13/25 | For Sale | $1,170,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26069273
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
- 1342 E Wesley Dr
- 1211 E Leigh Ct
- 1204 E Smith Place
- 2051 Orange Ave
- 1154 E 20th St
- 1131 E 21st St
- 2238 Walnut Ave
- 2240 Walnut Ave
- 2341 Walnut Ave
- 1770 Walnut Ave
- 2064 Myrtle Ave
- 2285 Lewis Ave
- 1965 Saint Louis Ave
- 2101 E 21st St Unit 113
- 2101 E 21st St Unit 212
- 2101 E 21st St Unit 306
- 2040 Saint Louis Ave
- 910 E 19th St
- 1876 Myrtle Ave
- 932 E 23rd St
- 2052 Lewis Ave
- 1861 Orange Ave
- 1872 Lemon Ave Unit A
- 2240 N Legion Dr
- 2201 Saint Louis Ave Unit 104C
- 1790 E Burnett St
- 2161 Myrtle Ave
- 1305 E 17th St
- 1935 Myrtle Ave
- 1156 E 17th St
- 2201 E 21st St
- 1749 Gardenia Ave
- 2008 Junipero Ave
- 1467 Orange Ave
- 1623 Sherman Place Unit 7
- 1845 Junipero Ave Unit Front House
- 1460 Gaviota Ave Unit 4
- 1460 Gaviota Ave Unit 10
- 1460 Gaviota Ave Unit 2
- 1454 Gaviota Ave
Ask me questions while you tour the home.