NOT LISTED FOR SALE

Estimated Value: $671,000 - $1,231,768

5 Beds
5 Baths
3,570 Sq Ft
$292/Sq Ft Est. Value

Last Sold June 10, 2025

Last sale price $1,250,000 $350 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $6,468/month

190 Days on Market

Highlights

  • Property is near public transit
  • Community Pool
  • Garden
  • Woodrow Wilson High School Rated A
  • Laundry Room
  • Landscaped

About This Home

As of June 2025

With its established rental history and high-demand location, this high-performing multifamily asset presents a rare opportunity in one of Long Beach’s most sought-after areas. This well-maintained four-unit property features three spacious one-bedroom units and one two-bedroom, two-bathroom townhouse with a balcony, fireplace, enclosed patio, and in-unit laundry. All units are separately metered for gas and electricity. Parking is convenient with four attached garages featuring automatic openers, plus four additional off-street spaces. Ideally situated near Cal State Long Beach, shopping centers, freeways, and Downtown Long Beach, the property benefits from strong rental demand and low vacancy rates. As part of a gated courtyard community with three identical buildings on separate parcels, it offers both stability and long-term growth potential. Don’t miss this exceptional investment opportunity.

Last Agent to Sell the Property

Michele Brown

Keller Williams Realty Brokerage Phone: 310-944-5188 License #01165450 Listed on: 11/06/2024

Keller Williams Realty

Co-Listed By

Steve Aspel

Keller Williams Realty Brokerage Phone: 310-944-5188 License #02059305

Last Buyer's Agent

Sammy Lyon

Dow Capital License #02113227

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 2,196 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Level Lot
  • Garden

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,570 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Rain Gutters

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 28786
  • Assessor Parcel Number 7253013049

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7253013049
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 350.14

Exterior Features

  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden, Landscaped, Level with Street, Near Public Transit
  • Lot Size Sq Ft: 2196.00
  • Lot Size Acres: 0.0504

Multi Family

  • Gross Scheduled Income: 80000.00
  • Lot Size Area: 2196.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 28786

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2007
Sold by
Rodriguez Richard
Bought by
Rodriguez Richard and Rodriguez Family Trust
Current Estimated Value
$1,042,589

Purchase Details

Closed on
Oct 24, 1994
Sold by
Mermel Henry A and Mermel 1990 Trust
Bought by
Mermel Henry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
8.86%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Rodriguez Richard -- None Available
Mermel Henry A -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Mermel Henry A $148,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/10/2025 06/10/25 Sold $1,250,000 -3.8% $350 / Sq Ft
05/16/2025 05/16/25 Pending -- -- --
03/04/2025 03/04/25 Price Changed $1,300,000 -18.8% $364 / Sq Ft
01/29/2025 01/29/25 Price Changed $1,600,000 -8.6% $448 / Sq Ft
11/06/2024 11/06/24 For Sale $1,750,000 +31.1% $490 / Sq Ft
06/30/2021 06/30/21 Sold $1,335,000 -2.2% $377 / Sq Ft View Prior Sale
05/24/2021 05/24/21 Pending -- -- --
05/12/2021 05/12/21 Price Changed $1,365,000 -0.7% $386 / Sq Ft
05/05/2021 05/05/21 Price Changed $1,375,000 -0.7% $389 / Sq Ft
04/27/2021 04/27/21 Price Changed $1,385,000 -0.7% $392 / Sq Ft
04/06/2021 04/06/21 For Sale $1,395,000 0.0% $394 / Sq Ft
11/06/2020 11/06/20 Rented $1,800 0.0% --
11/03/2020 11/03/20 Under Contract -- -- --
10/24/2020 10/24/20 For Rent $1,800 0.0% --
07/06/2020 07/06/20 Sold $1,035,000 0.0% $290 / Sq Ft View Prior Sale
06/26/2020 06/26/20 Rented $1,650 0.0% --
06/11/2020 06/11/20 Pending -- -- --
06/03/2020 06/03/20 For Rent $1,650 0.0% --
06/01/2020 06/01/20 For Sale $1,149,000 0.0% $322 / Sq Ft
05/07/2020 05/07/20 Rented $1,600 0.0% --
04/18/2020 04/18/20 For Rent $1,600 0.0% --
02/28/2020 02/28/20 Sold $1,040,000 -16.8% $294 / Sq Ft View Prior Sale
11/22/2019 11/22/19 For Sale $1,250,000 -- $353 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 -- -- -- --
2024 -- -- -- --
2023 -- -- -- --
2022 -- -- -- --
2021 $0 $0 $0 $0
2019 $0 $18 $9 $9
2018 $0 $18 $9 $9
2016 -- $18 $9 $9
2015 -- $18 $9 $9
2014 -- $18 $9 $9
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24220351

California Regional Multiple Listing Service (CRMLS)

APN: 7253-013-049