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

Sale Details

Date Sold: March 19, 2024

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

68 Days on Market

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 in unit

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

Amenities

  • Laundry Facilities

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

6,333 Sq Ft Lot

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

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 10, 2024
Closed on
Jan 25, 2024
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Greg Bassirpou
Marcus & Millichap RE Invest
List Price
$2,650,000
Sold Price
$2,375,000
Premium/Discount to List
-$275,000
-10.38%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
0.0663%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2017
Sold by
Bought by

Purchase Details

Closed on
Jun 18, 2010
Sold by
Bought by

Purchase Details

Closed on
Mar 6, 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
$332,500
Interest Rate
0.0715%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 17, 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
$332,500
Interest Rate
0.0715%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 1992
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$2,375,000 Chicago Title Company
$2,000,000 Lawyers Title
-- None Available
-- First American Title Co
$475,000 North American Title Co
-- North American Title Co
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
Previous Owner $1,100,000
Previous Owner $850,000
Previous Owner $667,500
Previous Owner $32,000
Previous Owner $332,500
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
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

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 $32,565 $2,422,500 $994,500 $1,428,000
2024 $29,355 $2,231,034 $1,003,965 $1,227,069
2023 $28,858 $2,187,289 $984,280 $1,203,009
2022 $27,090 $2,144,402 $964,981 $1,179,421
2021 $26,533 $2,102,356 $946,060 $1,156,296
2019 $26,153 $2,040,840 $918,000 $1,122,840
2018 $25,489 $2,000,840 $900,000 $1,100,840
2016 $15,484 $604,613 $95,459 $509,154
2015 $7,891 $595,533 $94,026 $501,507
2014 $7,876 $583,869 $92,185 $491,684
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)
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