NOT LISTED FOR SALE
3 Beds
3 Baths
8,946 Sq Ft
8,266 Sq Ft Lot

Sale Details

Date Sold: April 9, 2025

Last sale price $3,000,000 $335 Per Sq Ft

54 Days on Market

Highlights

  • 0.19 Acre Lot
  • Laundry Facilities
  • 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

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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
  • Entry on the 1st floor

Interior Spaces

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

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

8,266 Sq Ft Lot

Parking

6

Listing Details

  • 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
  • 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 27, 2026
Sold by
Bought by

Purchase Details

Listed on
Nov 27, 2024
Closed on
Feb 20, 2025
Sold by
Bought by
Seller's Agent
Chris Walker
Triqor Group
Buyer's Agent
Chris Walker
Triqor Group
List Price
$3,250,000
Sold Price
$3,000,000
Premium/Discount to List
-$250,000
-7.69%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Interest Rate
4.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 16, 2009
Sold by
Bought by

Purchase Details

Closed on
Oct 27, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 2003
Sold by
Bought by

Purchase Details

Closed on
Jan 28, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$3,000,000 Ticor Title Company Of Califor
$300,000 Fidelity National Title Co
-- Fidelity National Title Co
-- None Available
-- Chicago Title
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,900,000
Previous Owner $775,000
Previous Owner $500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,347 $932,938 $463,618 $469,320
2024 $13,676 $914,646 $454,528 $460,118
2023 $13,425 $896,713 $445,616 $451,097
2022 $12,647 $879,131 $436,879 $442,252
2021 $12,326 $861,894 $428,313 $433,581
2019 $12,148 $836,332 $415,610 $420,722
2018 $11,762 $819,934 $407,461 $412,473
2016 $10,799 $788,097 $391,640 $396,457
2015 $10,398 $776,260 $385,758 $390,502
2014 $10,386 $761,055 $378,202 $382,853
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24241198

California Regional Multiple Listing Service (CRMLS)
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