NOT LISTED FOR SALE
8 Beds
6 Baths
1,754 Sq Ft
6,333 Sq Ft Lot

Last Sold March 19, 2024

Last sale price $2,375,000 $1,354 Per Sq Ft

68 Days on Market

Highlights

  • 0.15 Acre Lot
  • Woodrow Wilson High School Rated A
  • Laundry Room

About This Home

As of March 2024

We are proudly offering for rent this beautifully remodeled 2 bedroom 1 bath apartment in the city of Long Beach. The apartment is approximately 800 square feet with vinyl plank floors, two tone paint, gorgeous new kitchen and bath cabinetry, vinyl windows, quartz kitchen & bath counter-tops, a stunning tile shower wall, bathroom tile flooring, stainless steel kitchen appliances (stove, dishwasher, refrigerator), ceiling fans, blinds and in unit laundry hookups with machines. The apartment is very close to Downtown Long Beach. Hurry, this unit won't last long. The apartment requires renters insurance.

Onsite storage room available to lease for an additional $20/mon

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 01/10/2024

Keller Williams Realty Downey

Last Buyer's Agent

Greg Bassirpou

Marcus & Millichap RE Invest License #01365951

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,333 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 1,754 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 5768
  • Assessor Parcel Number 7262028002
  • $1,581 per year additional tax assessments

Community Details

Overview

  • 8 Units
  • Alamitos Beach Subdivision

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,521
  • Fuel Expense $1,521
  • Gardener Expense $1,200
  • Insurance Expense $7,100
  • Maintenance Expense $5,600
  • Other Expense $2,400
  • Pest Control $900
  • Professional Management Expense $10,758
  • Trash Expense $1,521
  • Water Sewer Expense $1,521
  • New Taxes Expense $33,035
  • Operating Expense $67,975
  • Gross Income $215,165
  • Net Operating Income $147,190

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.55
  • Professional Management Expense: 10758.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 1520.50
  • Zoning: LBR1N
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7262028002
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 1354.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Pest Control Expense: 900.00
  • Sewer: Public Sewer
  • Trash Expense: 1520.50
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6333.00
  • Lot Size Acres: 0.1454

Multi Family

  • Electric Expense: 1520.50
  • Fuel Expense: 1520.50
  • Gross Income: 215165.00
  • Gross Multiplier: 11.95
  • Gross Scheduled Income: 221820.00
  • Insurance Expense: 7100.00
  • Lot Size Area: 6333.0000 Square Feet
  • Maintenance Expense: 5600.00
  • Net Operating Income: 147190.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 67975.00
  • Other Expense: 2400.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 67975.00

Tax Info

  • New Taxes Expense: 33035.00
  • Tax Census Tract: 5768.01
  • Tax Lot: 2
  • Tax Tract Number: 5768
  • TaxOtherAnnualAssessmentAmount: 1581.00

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
07/04/2025 07/04/25 Off Market $2,250 -- --
03/11/2025 03/11/25 Price Changed $2,250 +50.5% $3 / Sq Ft
03/11/2025 03/11/25 For Rent $1,495 0.0% --
03/19/2024 03/19/24 Sold $2,375,000 -10.4% $1,354 / Sq Ft
01/10/2024 01/10/24 For Sale $2,650,000 -- $1,511 / 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: PW24005997

California Regional Multiple Listing Service (CRMLS)