$2,125,000

Estimated payment $13,670/month

Total Views 868
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

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
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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