$1,742,500
SOLD NOV 21, 2025
11 Beds
8 Baths
5,967 Sq Ft
6,512 Sq Ft Lot

Recently Sold

$292 Per Sq Ft

2% Below List Price

3 Days on Market

Highlights

  • Contemporary Architecture
  • Quartz Countertops
  • Laundry Room
  • Woodrow Wilson High School Rated A
  • No HOA
  • Tile Flooring

About This Home

As of November 2025

Absolutely enormous 1988 triplex with three huge homes on one lot in the heart of Rose Park South. Comprised of nearly 6000 rentable square feet, this rare unique property features a 3267 square foot 5 bed, 4 bath front house perfect for an owner-occupant including an attached 2 car direct access garage with laundry, huge primary suite with jacuzzi bathroom, dual vanity, vaulted ceilings, balcony, fireplace and a private back patio. Two separate townhome style rear units each with 3 beds, 2 baths, primary suites, fireplaces, laundry, balconies, and a 2 car garage for each unit. All three units have been renovated in the last few years with new vinyl flooring, cabinets, lighting, bathrooms, paint, and more. Priced to sell at under $300/sq ft in one of the best areas of the city. Move right in or maximize investment square footage. 11.6X GRM on in-place rents with an upside to 11.2X GRM. 5.6% cap rate on actuals and 5.9% cap rate on market rents.
Located on a quiet street in Rose Park South, one of the best historic neighborhoods in the city. 2 blocks from Retro Row, the trendiest strip of boutiques and restaurants on 4th st. Only 6 blocks to Alamitos Beach and a short walk to Carrol Park, Bixby Park, the Long Beach Museum of Art, and so much more.

Last Agent to Sell the Property

Anthony Walker

Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #01908153 Listed on: 09/30/2025

Co-Listed By

Josh Ess

Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #02035659

Last Buyer's Agent

Michael Goodman

Beach Cities Properties, Inc. License #00683611

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 6,512 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Wrought Iron Fence
  • Block Wall Fence
  • Rectangular Lot

Parking

  • 6 Car Garage
  • Parking Available
  • Front Facing Garage
  • Rear-Facing Garage

Home Design

  • Triplex
  • Contemporary Architecture
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,967 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Quartz Countertops

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 8 Bathrooms

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 5768
  • Assessor Parcel Number 7263021023
  • $962 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Eastside Subdivision

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,260
  • Insurance Expense $8,000
  • Maintenance Expense $3,404
  • Pest Control $1,250
  • Professional Management Expense $7,336
  • Water Sewer Expense $2,096
  • New Taxes Expense $22,313
  • Operating Expense $46,159
  • Gross Income $154,452
  • Net Operating Income $100,570

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 5.60
  • Professional Management Expense: 7336.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Eastside (ES)
  • View: No
  • Water Sewer Expenses: 2096.00
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1260.00
  • Parcel Number: 7263021023
  • Year Built: 1988
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Quartz Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 292.02

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage Faces Front, Garage Faces Rear
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range
  • Electric: Standard
  • Heating Type: Forced Air
  • Laundry Features: In Closet
  • Pest Control Expense: 1250.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6512.00
  • Lot Size Acres: 0.1495

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 154452.00
  • Gross Multiplier: 11.60
  • Gross Operating Income: 146729.00
  • Gross Scheduled Income: 154452.00
  • Insurance Expense: 8000.00
  • Lot Size Area: 6512.0000 Square Feet
  • Maintenance Expense: 3404.00
  • Net Operating Income: 100570.00
  • Number Of Rented Garages: 6
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 46159.00
  • Rent Control: Yes
  • Total Expenses: 46159.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 22313.00
  • Tax Census Tract: 5768.01
  • Tax Lot: 2
  • Tax Tract Number: 5768.01
  • TaxOtherAnnualAssessmentAmount: 962.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2025
Closed on
Nov 18, 2025
Sold by
Plum Richmond 2506 Llc
Bought by
Edward King Llc
Seller's Agent
Anthony Walker
Buckingham Investments, Inc
Buyer's Agent
Michael Goodman
Beach Cities Properties, Inc.
List Price
$1,785,000
Sold Price
$1,742,500
Premium/Discount to List
-$42,500
-2.38%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
111.13%
Original Mortgage
$1,394,000
Outstanding Balance
$1,394,000
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$442,080

Purchase Details

Closed on
May 22, 2025
Sold by
Adams Amin Family Trust and Adams Joerg Michael
Bought by
Plum Richmond 2506 Llc

Purchase Details

Listed on
Dec 7, 2018
Closed on
Sep 25, 2019
Sold by
Amin Puja Bhaskar
Bought by
Adams Joerg
Seller's Agent
Cleman Thompson
Thompson Capital Co
Buyer's Agent
Cleman Thompson
Thompson Capital Co
List Price
$1,995,000
Sold Price
$1,530,000
Premium/Discount to List
-$465,000
-23.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.98%
Original Mortgage
$994,500
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 7, 2018
Closed on
Sep 17, 2019
Sold by
Young Robert
Bought by
Adams Joerg
Seller's Agent
Cleman Thompson
Thompson Capital Co
Buyer's Agent
Cleman Thompson
Thompson Capital Co
List Price
$1,995,000
Sold Price
$1,530,000
Premium/Discount to List
-$465,000
-23.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$994,500
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2017
Sold by
Young Robert and Young Malida J
Bought by
Young Robert

Purchase Details

Closed on
Jun 28, 2011
Sold by
Young Robert
Bought by
Young Robert and Young Malida J

Purchase Details

Closed on
Jun 16, 2006
Sold by
Young Robert
Bought by
Young Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2006
Sold by
You Jimmy R and Young Robert
Bought by
Young Robert

Purchase Details

Closed on
Nov 4, 2005
Sold by
Cheng Phallen Paul
Bought by
You Jimmy R and Young Robert

Purchase Details

Closed on
Feb 3, 2004
Sold by
Cheng Phallen Paul
Bought by
Cheng Phallen Paul and You Jimmy R

Purchase Details

Closed on
Sep 7, 2001
Sold by
You Jimmy R
Bought by
Cheng Phallen Paul

Purchase Details

Closed on
Oct 21, 1999
Sold by
Cheng Paul P and You Jimmy R
Bought by
You Jimmy R

Purchase Details

Closed on
Oct 22, 1996
Sold by
Home Svgs Of America Fsb
Bought by
Cheng Paul P and You Jimmy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.67%

Purchase Details

Closed on
May 1, 1996
Sold by
Smith Jerrell W and Smith Pamela J
Bought by
Home Svgs Of America Fsb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,742,500 None Listed On Document
Grant Deed -- None Listed On Document
Grant Deed -- North American Title
Grant Deed $1,530,000 North American Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Commonwealth Land Title
Interfamily Deed Transfer -- None Available
Grant Deed -- --
Interfamily Deed Transfer -- --
Individual Deed -- Chicago Title Co
Gift Deed -- Commonwealth Land Title Ins
Corporate Deed $300,000 Investors Title Co
Trustee Deed $310,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,394,000 New Conventional
Previous Owner $994,500 New Conventional
Previous Owner $540,000 Purchase Money Mortgage
Previous Owner $240,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2025 11/21/25 Sold $1,742,500 -2.4% $292 / Sq Ft
10/03/2025 10/03/25 Pending -- -- --
09/30/2025 09/30/25 For Sale $1,785,000 +16.7% $299 / Sq Ft
10/04/2019 10/04/19 Sold $1,530,000 -7.3% $256 / Sq Ft View Prior Sale
08/20/2019 08/20/19 Pending -- -- --
05/03/2019 05/03/19 Price Changed $1,650,000 -7.0% $277 / Sq Ft
03/14/2019 03/14/19 Price Changed $1,775,000 -5.3% $297 / Sq Ft
01/17/2019 01/17/19 Price Changed $1,875,000 -6.0% $314 / Sq Ft
12/07/2018 12/07/18 For Sale $1,995,000 -- $334 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $21,323 $1,673,274 $579,629 $1,093,645
2024 $21,323 $1,640,465 $568,264 $1,072,201
2023 $20,974 $1,608,300 $557,122 $1,051,178
2022 $19,689 $1,576,766 $546,199 $1,030,567
2021 $19,290 $1,545,850 $535,490 $1,010,360
2020 $19,238 $1,530,000 $530,000 $1,000,000
2019 $18,653 $1,470,071 $857,542 $612,529
2018 $18,117 $1,441,247 $840,728 $600,519
2016 $16,635 $1,385,284 $808,083 $577,201
2015 $15,963 $1,364,476 $795,945 $568,531
2014 $15,843 $1,337,749 $780,354 $557,395
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25229317

California Regional Multiple Listing Service (CRMLS)

APN: 7263-021-023