$3,800,000
SOLD JUL 30, 2025
6 Beds
5 Baths
11,060 Sq Ft
0.28 Acres

Recently Sold

$344 Per Sq Ft

10% Below List Price

88 Days on Market

Highlights

  • 0.28 Acre Lot
  • No HOA
  • Level Lot
  • Hughes Middle School Rated A-
  • Laundry Room

About This Home

As of July 2025

210 East 29th Street is a 20-unit multifamily investment opportunity located in Long Beach, CA. 210 East 29th Street offers an attractive mix of studio, one, two, and three-bedroom floor plans, which helps the property appeal to a diverse renter pool. Additionally, the property features controlled access, a spacious central courtyard with built in BBQs, an on-site laundry facility, storage lockers, and garage parking. Furthermore, the property’s unique architecture has been recognized by the American Institute of Architects, winning a 2020 AIALA residential architecture award. 210 East 29th Street is situated in an optimal Long Beach location, providing convenient access to major employment and transportation hubs, as well as a plethora of leisure, healthcare, and retail amenities. The property offers walkable access to MemorialCare Long Beach Medical Center, Veterans Park, and the Albertsons anchored Wrigley Marketplace. Additionally, the property is situated a short walk from the Willow Street light rail station and is just over half-a-mile from Interstate 405, providing resident’s with easy access throughout Southern California. Furthermore, the property is within a 1.5-mile radius of all three levels of education including Birney Elementary School, Jackie Robinson Academy, and Long Beach Polytechnic High School. In summary, 210 East 29th Street’s fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool. In summary, 210 East 29th Street represents a unique opportunity to acquire an award winning property in a fantastic Long Beach location.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 03/06/2025

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1963

Lot Details

  • 0.28 Acre Lot
  • No Common Walls
  • Level Lot

Parking

  • 9 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 11,060 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 8 / 2
  • Tax Tract Number 572202
  • Assessor Parcel Number 7206023013
  • $3,592 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 20 Units
  • Hilltop Estates Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 20 Separate Electric Meters
  • 20 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $5,010
  • Fuel Expense $5,010
  • Insurance Expense $16,000
  • Maintenance Expense $14,000
  • Other Expense $33,992
  • Professional Management Expense $19,570
  • Trash Expense $5,010
  • Water Sewer Expense $5,013
  • New Taxes Expense $47,128
  • Operating Expense $150,733
  • Gross Income $403,301
  • Net Operating Income $240,674

Property Details

Home Type

Apartment

Year Built

Built in 1963

Lot Details

0

Parking

9

Listing Details

  • CapRate: 6.33
  • Professional Management Expense: 19570.00
  • Property Attached: No
  • Subdivision Name Other: Hilltop Estates (HTOP)
  • Water Sewer Expenses: 5013.00
  • Zoning: LBPD29
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7206023013
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 343.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 9.00
  • Total Parking Spaces: 9.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 5010.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 12196.80
  • Lot Size Acres: 0.2800

Multi Family

  • Electric Expense: 5010.00
  • Fuel Expense: 5010.00
  • Gross Income: 403301.00
  • Gross Multiplier: 9.42
  • Gross Operating Income: 384574.00
  • Gross Scheduled Income: 396468.00
  • Insurance Expense: 16000.00
  • Lot Size Area: 0.2800 Acres
  • Maintenance Expense: 14000.00
  • Net Operating Income: 240674.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 20
  • Operating Expense: 150733.00
  • Operating Expense Percent: 38.50
  • Other Expense: 33992.00
  • Other Expense Description: Misc
  • Other Income1: 6833.00
  • Other Income Description: Misc
  • Rent Control: No
  • Total Expenses: 150733.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 47128.00
  • Tax Block: 2
  • Tax Census Tract: 5722.02
  • Tax Lot: 8
  • Tax Tract Number: 572202
  • TaxOtherAnnualAssessmentAmount: 3592.00

Range of Values:

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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
07/30/2025 07/30/25 Sold $3,800,000 0.0% $344 / Sq Ft
06/02/2025 06/02/25 Pending -- -- --
05/13/2025 05/13/25 Price Changed $3,800,000 -4.9% $344 / Sq Ft
04/08/2025 04/08/25 Price Changed $3,995,000 -4.9% $361 / Sq Ft
03/06/2025 03/06/25 For Sale $4,200,000 -- $380 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25050137

California Regional Multiple Listing Service (CRMLS)