NOT LISTED FOR SALE
16 Beds
13 Baths
11,626 Sq Ft
0.3 Acre Lot

Sale Details

Date Sold: May 23, 2025

Last sale price $2,500,000 $215 Per Sq Ft

60 Days on Market

About This Home

As of May 2025

$275K PRICE REDUCTION - SELLER IS MOTIVATED. PRICED TO SELL - ONLY $226/SF. 13 units located in the Wrigley area of Long Beach subject to AB 1482 Rent Control (5% + CPI increases). Excellent unit mix for the area with onsite laundry and parking. 10.1 GRM on current rents with upside to 8.3 GRM and 7.9% CAP with all units at market rent. Property features 3 open parking spaces in the rear as well as 4 garages. There are also 2 covered garages in the front - possible ADU conversion - buyer to verify. Each unit also features it's own private balcony space. 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: 01/31/2025

The Agency

Last Buyer's Agent

Jon Swire

The Agency License #01336277 Listed on: 01/31/2025

The Agency
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.3

Parking

  • 3 Open Parking Spaces
  • 6 Car Garage
  • Assigned Parking

Interior Spaces

  • 11,626 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 13 Bathrooms

Additional Features

  • 12,958 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 13 Units

Listing and Financial Details

  • Assessor Parcel Number 7209-013-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0.3 Acres

Parking

6

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 11626
  • Lot Acreage: 0.2975
  • Stories: 2
  • Year Built: 1963
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 13.00
  • Price Per S Q F T: 225.79

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 6
  • Other Spaces: 3
  • Covered Parking: 6
  • Parking Garage: Assigned
  • Total Parking: 9

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 64.29
  • Assessed Improvement Value: 1929962
  • Assessed Land Percent: 35.71
  • Assessed Land Value: 1072201
  • Total Assessed Value: 3002163
  • Assessor Parcel Number: 7209-013-029
  • Lot Size Area: 12958

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 10.10
  • Number Of Units: 13
  • Type Of Units: Income

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

Listed on
Jan 31, 2025
Closed on
May 5, 2025
Sold by
Bought by
Seller's Agent
Jon Swire
The Agency
Buyer's Agent
Jon Swire
The Agency
List Price
$2,900,000
Sold Price
$2,500,000
Premium/Discount to List
-$400,000
-13.79%
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
$1,700,000
Outstanding Balance
$1,678,211
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2019
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
$1,150,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2011
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
$840,000
Interest Rate
4.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 16, 2004
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
$812,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2001
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
$468,750
Interest Rate
6.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 18, 1999
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
$301,000
Interest Rate
7.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 7, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Southeast Wrigley, CA

See All Agents

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
$2,500,000 Monarch Title
$2,800,000 Provident Title Company
-- North American Title Company
-- Commonwealth Land Title Comp
$625,000 Fidelity Title
$430,000 Universal Title Company
-- United Title Company
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
Open $1,700,000
Previous Owner $1,150,000
Previous Owner $120,000
Previous Owner $1,190,000
Previous Owner $840,000
Previous Owner $812,000
Previous Owner $468,750
Previous Owner $301,000
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
05/23/2025 05/23/25 Sold $2,500,000 -4.8% $215 / Sq Ft
04/02/2025 04/02/25 Price Changed $2,625,000 -4.5% $226 / Sq Ft
03/16/2025 03/16/25 Price Changed $2,749,000 -1.8% $236 / Sq Ft
03/04/2025 03/04/25 Price Changed $2,799,000 -1.8% $241 / Sq Ft
02/17/2025 02/17/25 Price Changed $2,849,000 -1.8% $245 / Sq Ft
01/31/2025 01/31/25 For Sale $2,900,000 -- $249 / Sq Ft
Source: The MLS

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 $41,875 $3,062,206 $1,093,645 $1,968,561
2024 $40,009 $3,002,163 $1,072,201 $1,929,962
2023 $39,328 $2,943,298 $1,051,178 $1,892,120
2022 $36,935 $2,885,587 $1,030,567 $1,855,020
2021 $36,160 $2,829,008 $1,010,360 $1,818,648
2020 $36,064 $2,800,000 $1,000,000 $1,800,000
2019 $12,443 $827,688 $331,074 $496,614
2018 $11,962 $811,460 $324,583 $486,877
2016 $10,963 $779,952 $311,980 $467,972
2015 $10,564 $768,237 $307,294 $460,943
2014 $10,561 $753,189 $301,275 $451,914
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 25493741

The MLS
Your Personal Tour Guide

Ask me questions while you tour the home.