$3,047,700
$1K PRICE DROP

Estimated payment $20,394/month

Total Views 2,157
22 Beds
14 Baths
10,253 Sq Ft
$297 Price per Sq Ft

About This Home

Priced to sell at 9.7 GRM and 6.6% CAP with upside to 9.3 GRM and a 7.0% CAP. 14 units in Long Beach NOT subject to rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). Located on the East Side. Long Beach has undergone major redevelopment with over $8BB of new projects in the past few years. The property is professionally managed and well maintained with onsite laundry. The property features an excellent unit mix of 1 and 2 bed units with 11 open parking spaces in the rear. The exterior and all interiors were updated in 2019. Unit interiors feature updated flooring, kitchen counter tops, lighting and paint. EARN OVER A 10% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Listing Agent

Jon Swire

The Agency License #01336277 Listed on: 02/25/2026

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Interior Spaces

  • 10,253 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 14 Bathrooms

Parking

  • 11 Parking Spaces
  • Assigned Parking

Additional Features

  • 12,823 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 14 Units

Listing and Financial Details

  • Assessor Parcel Number 7267-012-035

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0.29 Acres

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 10253
  • Lot Acreage: 0.2944
  • Stories: 2
  • Year Built: 1928
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 22
  • Total Bathrooms: 14.00
  • Price Per S Q F T: 297.25

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 11

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 35.21
  • Assessed Improvement Value: 1300500
  • Assessed Land Percent: 64.79
  • Assessed Land Value: 2392920
  • Total Assessed Value: 3693420
  • Assessor Parcel Number: 7267-012-035
  • Lot Size Area: 12823

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.70
  • Number Of Units: 14
  • Type Of Units: Income

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $47,757 $3,693,420 $2,392,920 $1,300,500
2024 $47,757 $3,621,000 $2,346,000 $1,275,000
2023 $46,945 $3,550,000 $2,300,000 $1,250,000
2022 $35,847 $2,788,795 $1,952,157 $836,638
2021 $35,098 $2,734,114 $1,913,880 $820,234
2019 $34,596 $2,654,220 $1,857,114 $797,106
2018 $33,606 $2,602,200 $1,820,700 $781,500
2016 $21,426 $1,680,000 $627,900 $1,052,100
2015 $18,738 $1,490,000 $556,900 $933,100
2014 $18,998 $1,490,000 $556,900 $933,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/02/2026 04/02/26 Price Changed $3,047,700 0.0% $297 / Sq Ft
03/13/2026 03/13/26 Price Changed $3,048,000 0.0% $297 / Sq Ft
02/25/2026 02/25/26 For Sale $3,049,000 -14.1% $297 / Sq Ft
09/22/2022 09/22/22 Sold $3,550,000 0.0% $346 / Sq Ft View Prior Sale
08/31/2022 08/31/22 Off Market $3,550,000 -- --
06/17/2022 06/17/22 For Sale $3,695,000 -- $360 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 26656535

The MLS
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