$3,000,000
SOLD APR 9, 2025
3 Beds
3 Baths
8,946 Sq Ft
8,266 Sq Ft Lot

Recently Sold

$335 Per Sq Ft

8% Below List Price

54 Days on Market

Highlights

  • 0.19 Acre Lot
  • Laundry Room
  • 5-minute walk to Miracle On Fourth Street Park
  • Long Beach Polytechnic High School Rated A
  • Rectangular Lot

About This Home

As of April 2025

Located in the sought-after Alamitos Beach of Long Beach near Bixby Park. Value add property with approximately 33% in rental upside. This property offers a unit mix of (10) ten one-bedrooms and (2) two two-bedrooms. Pride of ownership offering a well-maintained property for new ownership. Recent renovations include copper plumbing and windows throughout. The property offers convenient laundry facility on site. The units themselves are well-appointed with gas cooking, electric heating, hardwood floors, and ceiling fans, and wall heaters ensuring a comfortable living environment. The building has a historically high tenant retention rate, due to its location in highly desirable North Alamitos Beach.

Last Agent to Sell the Property

Chris Walker

Triqor Group Brokerage Email: chris.walker@triqorgroup.com License #01905338 Listed on: 11/27/2024

Last Buyer's Agent

Chris Walker

Triqor Group Brokerage Email: chris.walker@triqorgroup.com License #01905338 Listed on: 11/27/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 8,266 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 6 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 8,946 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 7275013029
  • Tax Block 129
  • $2,267 per year additional tax assessments

Community Details

Overview

  • 12 Units
  • Alamitos Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 2 Separate Water Meters
  • Operating Expense $86,059
  • Gross Income $229,949
  • Net Operating Income $143,890

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

6

Listing Details

  • Price Per Unit: 270833
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7275013029
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: /
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 335.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 8266.00
  • Lot Size Acres: 0.1898

Multi Family

  • Gross Income: 229949.00
  • Gross Scheduled Income: 237061.00
  • Lot Size Area: 8266.0000 Square Feet
  • Net Operating Income: 143890.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 12
  • Operating Expense: 86059.00
  • Rent Control: Yes
  • Total Expenses: 86059.00

Tax Info

  • Tax Block: 129
  • Tax Census Tract: 5765.03
  • TaxOtherAnnualAssessmentAmount: 2267.00

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Range of Values:

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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
04/09/2025 04/09/25 Sold $3,000,000 -7.7% $335 / Sq Ft
01/20/2025 01/20/25 Pending -- -- --
11/27/2024 11/27/24 For Sale $3,250,000 -- $363 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24241198

California Regional Multiple Listing Service (CRMLS)