134 E Market St Long Beach, CA 90805
Addams NeighborhoodEstimated payment $8,015/month
Highlights
- No HOA
- Park
- Heating Available
- Ductless Heating Or Cooling System
- Ceiling Fan
- 4-minute walk to Burton W. Chace Park
About This Home
TOTAL 6 UNITS (2x Brand New ADUs & 4x Fully Renovated Units). 100% VACANT AT CLOSE OF ESCROW. Located just north of Virginia Country Club and minutes from Bixby Knolls, Trader Joe’s, SteelCraft, and Atlantic Avenue’s boutique corridor, 134 E Market St. offers investors the rare chance to own a completely repositioned 6-unit multifamily asset in a high-demand, evolving Long Beach submarket.
This turn-key investment features four fully renovated units and two ground-up, newly constructed ADUs, all completed in 2024/2025 and delivered 100% vacant at the close of escrow. Investors have full lease-up control — with no tenant buyouts, no rent restrictions on the new construction units, and zero deferred maintenance. Lease at full market rents and start cash flowing immediately.
Every unit has been thoughtfully upgraded or newly constructed with today’s rental market in mind. The property is individually metered for electricity (6 meters) and gas (4 meters; ADUs are electric only). Water and trash are master-metered, with the utility setup creating the potential for RUBS implementation, subject to lease terms and management approach — offering an opportunity to streamline expenses and improve net operating income.
This is a rare chance to acquire a low-maintenance, high-yield multifamily asset in a submarket seeing strong rent growth and city-backed revitalization - one of Long Beach’s most strategic rental corridors. OM (Investment Package) available upon request!
Listing Agent
Sage Real Estate Group, Inc. Brokerage Phone: 310-803-7662 License #01887689 Listed on: 06/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,864
Year Built
- Built in 1955
Lot Details
- 3,750 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 2,722 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Location
- Suburban Location
Utilities
- Ductless Heating Or Cooling System
- Heating Available
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 49
- Tax Tract Number 5134
- Assessor Parcel Number 7131002007
- $706 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 6 Units
Recreation
- Park
Building Details
- 6 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $6,000
- Maintenance Expense $4,500
- Other Expense $18,125
- Pest Control $720
- Professional Management Expense $6,955
- Trash Expense $4,320
- Operating Expense $41,120
- Gross Income $143,400
- Net Operating Income $93,210
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 | $9,864 | $749,700 | $341,700 | $408,000 |
| 2024 | $9,864 | $726,927 | $302,444 | $424,483 |
| 2023 | $9,574 | $712,674 | $296,514 | $416,160 |
| 2022 | $8,991 | $698,700 | $290,700 | $408,000 |
| 2021 | $4,793 | $347,872 | $200,697 | $147,175 |
| 2020 | $4,781 | $344,306 | $198,640 | $145,666 |
| 2019 | $4,725 | $337,556 | $194,746 | $142,810 |
| 2018 | $4,551 | $330,938 | $190,928 | $140,010 |
| 2016 | $4,196 | $318,089 | $183,515 | $134,574 |
| 2015 | $4,035 | $313,312 | $180,759 | $132,553 |
| 2014 | $4,026 | $307,176 | $177,219 | $129,957 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2025 09/04/25 | Price Changed | $1,350,000 | -3.6% | $496 / Sq Ft |
| 07/16/2025 07/16/25 | Price Changed | $1,399,999 | -3.4% | $514 / Sq Ft |
| 06/18/2025 06/18/25 | For Sale | $1,450,000 | 0.0% | $533 / Sq Ft |
| 06/17/2025 06/17/25 | Off Market | $1,450,000 | -- | -- |
| 06/13/2025 06/13/25 | For Sale | $1,450,000 | -- | $533 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $550,000 | Lawyers Title | |
| Grant Deed | $735,000 | Lawyers Title Company | |
| Grant Deed | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Quit Claim Deed | -- | -- | |
| Grant Deed | $74,000 | Fidelity Title | |
| Grant Deed | $74,000 | Fidelity Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,004,750 | Construction | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $155,000 | Purchase Money Mortgage | |
| Previous Owner | $133,200 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25132490
APN: 7131-002-007
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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
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