$2,125,000

Estimated payment $13,648/month

3 Beds
2 Baths
4,321 Sq Ft
$492 Price per Sq Ft

Highlights

  • Golf Course Community
  • 0.1 Acre Lot
  • Corner Lot
  • Long Beach Polytechnic High School Rated A
  • End Unit
  • Park

About This Home

Three blocks to the ocean. This extremely well maintained asset is in one of the best rental areas of Long Beach. There is 30% upside in rents and there is a potential for the existing basement to be made into an ADU. Outstanding unit mix of (4) 1 bedroom units and (1) 1 bedroom unit. The building also has a laundry room and (4) enclosed garages. Long term owner has completed a number of recent upgrades to the property including:
New exterior paint
New roof
upgraded plumbing
new front doors and locks with "invisible" screens.
New landscaping
New irrigation system Walkscore.com gives the property a score of 97 out of 100, a "Walker's paradise".
Local attractions include Retro row, The Pike outlets, The Promenade, Shoreline Village and trendy Pine Avenue.

Listing Agent

Steve Gamez

P.R.S. Properties Brokerage Phone: 714-328-0832 License #00586247 Listed on: 06/01/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 4,321 Sq Ft Lot
  • End Unit
  • Two or More Common Walls
  • Corner Lot

Parking

  • 4 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,321 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 1
  • Assessor Parcel Number 7275014033
  • $1,173 per year additional tax assessments

Community Details

Overview

  • 5 Units
  • Alamitos Heights Subdivision

Recreation

  • Golf Course Community
  • Park
  • Bike Trail

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Gardener Expense $1,264
  • Insurance Expense $4,055
  • Pest Control $1,080
  • Supplies Expense $4,975
  • Water Sewer Expense $5,520
  • New Taxes Expense $25,000
  • Operating Expense $47,580
  • Gross Income $134,160
  • Net Operating Income $86,580

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

4,321 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Heights (AH)
  • Supplies Expense: 4975.00
  • Water Sewer Expenses: 5520.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1264.00
  • Parcel Number: 7275014033
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls, End Unit
  • Entry Level: 1
  • Price Per Square Foot: 491.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Pest Control Expense: 1080.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Golf, Biking, Urban, Sidewalks, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4321.00
  • Lot Size Acres: 0.0992

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Electric Expense: 720.00
  • Gross Income: 134160.00
  • Gross Scheduled Income: 133200.00
  • Insurance Expense: 4055.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 960.00
  • Lot Size Area: 4321.0000 Square Feet
  • Net Operating Income: 86580.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 47580.00
  • Operating Expense Percent: 55.80
  • Rent Control: Yes
  • Total Actual Rent: 11100.00
  • Total Expenses: 47580.00

Tax Info

  • New Taxes Expense: 25000.00
  • Tax Lot: 13
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 1173.00

Map

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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
06/01/2026 06/01/26 For Sale $2,125,000 -- $492 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW26118376

California Regional Multiple Listing Service (CRMLS)
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