$2,169,000
$106K PRICE DROP

Estimated payment $13,964/month

Total Views 2,986
12 Beds
12 Baths
6,402 Sq Ft
$339 Price per Sq Ft

About This Home

PRICED TO SELL. 9.4 GRM AND 7.0% CAP against in-place rents with upside to 7.7% CAP. 12 units (all 1+1's) located blocks from downtown Long Beach. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). Exterior and all interiors were updated in 2019. No onsite parking. There is an on-site laundry room that is currently not being used. Qualified Buyers can put as little as 25% down. Loan quote provided by David Guevara. Momenta Capital Group. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Listing Agent

Jon Swire

The Agency License #01336277 Listed on: 05/27/2025

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Interior Spaces

  • 6,402 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Additional Features

  • 6,772 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 7269-041-020

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 6402
  • Lot Acreage: 0.1555
  • Stories: 2
  • Year Built: 1948
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 338.80

Exterior Features

  • Other Structures: None

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 66.94
  • Assessed Improvement Value: 1382460
  • Assessed Land Percent: 33.06
  • Assessed Land Value: 682695
  • Total Assessed Value: 2065155
  • Assessor Parcel Number: 7269-041-020
  • Lot Size Area: 6772

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 9.40
  • Number Of Units: 12
  • Total Annual Expense: 71000
  • Type Of Units: Income
  • Vacancy Rate: 0%

Map

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
08/14/2025 08/14/25 Price Changed $2,169,000 -1.4% $339 / Sq Ft
06/17/2025 06/17/25 Price Changed $2,200,000 -3.1% $344 / Sq Ft
06/06/2025 06/06/25 Price Changed $2,270,000 -0.2% $355 / Sq Ft
05/27/2025 05/27/25 For Sale $2,275,000 -- $355 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25543757

The MLS