$1,960,000
SOLD DEC 17, 2025
19 Beds
9 Baths
7,176 Sq Ft
7,510 Sq Ft Lot

Recently Sold

$273 Per Sq Ft

14% Below List Price

169 Days on Market

About This Home

As of December 2025

PRICE REDUCED $30K - and PRICED TO SELL. Currently under a 9 GRM and 7.1% CAP with upside to under an 8 GRM and 8.4% CAP. 9 units in Long Beach. Excellent unit mix for the area. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). 4 garages in the rear. On-site laundry. A number of units here are rented to Section 8 and Housing Programs - rents could easily be increased based on Payment Standards for the 90813 zip code. The 4 garages in rear could potentially be converted to ADU's - Buyer to verify. Qualified Buyers can put down as little as 25% on a new loan. Earn over 10% cash on cash against in place rents, and over 15% cash on cash at market. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Last Agent to Sell the Property

Jon Swire

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

The Agency

Last Buyer's Agent

Jon Swire

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

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Interior Spaces

  • 7,176 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 9 Bathrooms

Parking

  • 4 Parking Spaces
  • Assigned Parking

Additional Features

  • 7,509 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 7269-010-037

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

7,509 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 7176
  • Lot Acreage: 0.1724
  • Stories: 2
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 19
  • Total Bathrooms: 9.00
  • Price Per S Q F T: 281.35

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 72.83
  • Assessed Improvement Value: 1494794
  • Assessed Land Percent: 27.17
  • Assessed Land Value: 557758
  • Total Assessed Value: 2052552
  • Assessor Parcel Number: 7269-010-037
  • Lot Size Area: 7509

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.00
  • Number Of Units: 9
  • Type Of Units: Income
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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 List to Sale Price per Sq Ft Prior Sale
12/17/2025 12/17/25 Sold $1,960,000 -2.9% $273 / Sq Ft
11/12/2025 11/12/25 Pending -- -- --
11/06/2025 11/06/25 Price Changed $2,019,000 -1.0% $281 / Sq Ft
11/06/2025 11/06/25 Price Changed $2,039,000 -0.5% $284 / Sq Ft
10/23/2025 10/23/25 Price Changed $2,049,000 -1.3% $286 / Sq Ft
09/29/2025 09/29/25 Price Changed $2,075,000 -2.1% $289 / Sq Ft
09/16/2025 09/16/25 Price Changed $2,120,000 -1.1% $295 / Sq Ft
09/15/2025 09/15/25 Price Changed $2,144,000 0.0% $299 / Sq Ft
09/03/2025 09/03/25 Price Changed $2,145,000 -0.2% $299 / Sq Ft
07/10/2025 07/10/25 Price Changed $2,149,000 -2.3% $299 / Sq Ft
06/17/2025 06/17/25 Price Changed $2,200,000 -3.1% $307 / Sq Ft
06/06/2025 06/06/25 Price Changed $2,270,000 -0.2% $316 / Sq Ft
05/27/2025 05/27/25 For Sale $2,275,000 +78.2% $317 / Sq Ft
05/01/2015 05/01/15 Sold $1,277,000 -1.4% $178 / Sq Ft View Prior Sale
03/10/2015 03/10/15 Pending -- -- --
03/01/2015 03/01/15 For Sale $1,295,000 -- $180 / Sq Ft
Source: The MLS

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 $27,314 $2,093,602 $568,913 $1,524,689
2024 $27,314 $2,052,552 $557,758 $1,494,794
2023 $26,848 $2,012,307 $546,822 $1,465,485
2022 $25,212 $1,972,850 $536,100 $1,436,750
2021 $24,687 $1,934,168 $525,589 $1,408,579
2019 $24,334 $1,877,900 $510,000 $1,367,900
2018 $17,737 $1,349,950 $422,506 $927,444
2016 $16,303 $1,296,474 $406,100 $890,374
2015 $12,265 $975,079 $418,040 $557,039
2014 $12,217 $955,980 $409,852 $546,128
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25543763

The MLS
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