$1,659,000
Total Views 1,207
8 Beds
9 Baths
4,945 Sq Ft
$335 Price per Sq Ft

About This Home

Priced to sell at 9.7 GRM with upside to 8.7 GRM and a 8.1% CAP. 9 units located in Long Beach NOT subject to local rent control, just AB 1482 (max increase of 5% + CPI). Located on a quite street in the Wrigley district. Excellent unit mix for the area, with long term tenants. The property was updated in 2019 throughout and is professionally managed and well maintained. A new owner could achieve over a 10% upside in rents. Property has onsite laundry and features a 400 AMP Main electrical panel and 50 AMP subpanels (Buyer to verify). Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more. EARN OVER A 12% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Email Listing Agent for more info including a Rent Roll and OM.

Listing Agent

Jon Swire

The Agency License #01336277 Listed on: 01/15/2026

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 5,934 Sq Ft Lot
  • Lot Dimensions are 47x130

Interior Spaces

  • 4,945 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 9 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 7205-019-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

5,934 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4945
  • Lot Acreage: 0.1362
  • Lot Dimensions: 47x130
  • Year Built: 1947
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 9.00
  • Price Per S Q F T: 335.49

Exterior Features

  • Other Structures: None

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 62.70
  • Assessed Improvement Value: 780491
  • Assessed Land Percent: 37.3
  • Assessed Land Value: 464232
  • Total Assessed Value: 1244723
  • Assessor Parcel Number: 7205-019-017
  • Lot Size Area: 5934

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.70
  • Number Of Units: 9
  • Type Of Units: Income

Map

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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
01/15/2026 01/15/26 For Sale $1,659,000 -- $335 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 26638761

The MLS
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