251 E Nevada St Long Beach, CA 90806
Southeast Wrigley Neighborhood
9
Beds
7
Baths
4,651
Sq Ft
6,429
Sq Ft Lot
Highlights
- Traditional Architecture
- No HOA
- Security Fence
- Long Beach Polytechnic High School Rated A
- Laundry Room
About This Home
As of May 2025Located in Long Beach’s Wrigley neighborhood—an area benefiting from ongoing city investment and revitalization—251 E Nevada St presents a rare opportunity to own a large, income-generating fourplex with solid functionality and strong long-term upside.While legally recorded as a 7-bedroom, 6-bathroom building, the property is currently configured as 9 bedrooms and 6 bathrooms across four spacious units: one 3-bedroom, 2-bath unit; two 2-bedroom, 2-bath units; and one 2-bedroom, 1-bath unit. With approximately 4,651 square feet of interior space, each unit offers larger layouts than typically found in this segment of the market.This added bedroom and square footage advantage supports stronger rents compared to similarly sized buildings—an appealing benefit for investors focused on maximizing return. Each unit is assigned a garage, and the property sits on a well-kept lot in a high-demand rental corridor.Whether you're seeking in-place cash flow, a value-add opportunity, or a solid 1031 exchange target, 251 E Nevada offers the scale and flexibility rarely found in this price range.
Last Agent to Sell the Property
Keller Williams Realty Brokerage Phone: 951-751-1994 License #01381038 Listed on: 04/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,258
Year Built
- Built in 1968
Lot Details
- 6,429 Sq Ft Lot
- 1 Common Wall
- Security Fence
- Block Wall Fence
- Density is 2-5 Units/Acre
Parking
- 5 Car Garage
Home Design
- Traditional Architecture
- Quadruplex
- Composition Roof
Interior Spaces
- 4,651 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tax Lot 18
- Tax Tract Number 1
- Assessor Parcel Number 7208011028
- $996 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- Wrigley Area Subdivision
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Insurance Expense $4,000
- Trash Expense $2,073
- Water Sewer Expense $1,781
- Operating Expense $28,474
- Gross Income $113,964
- Net Operating Income $79,792
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 2, 2025
Closed on
Apr 9, 2025
Sold by
David W Puryear Revocable Trust and Puryear David W
Bought by
Stim Capital Management Llc
Seller's Agent
Ty Youngblood
Keller Williams Realty
Buyer's Agent
Matt Mahowald
Buckingham Investments, Inc
List Price
$1,399,000
Sold Price
$1,399,000
Views
42
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,333
Avg. Annual Appreciation
3.72%
Original Mortgage
$979,300
Outstanding Balance
$976,691
Interest Rate
6.62%
Mortgage Type
Credit Line Revolving
Estimated Equity
$435,642
Purchase Details
Closed on
Jun 4, 2014
Sold by
Puryear David W
Bought by
Puryear David W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,300
Interest Rate
4.16%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 4, 2014
Sold by
Puryear David W
Bought by
Puryear David W and The David W Puryear Revocable Trust
Purchase Details
Closed on
Dec 3, 2013
Sold by
Puryear David W
Bought by
Puryear David W and David W Puryear Revocable Trust
Purchase Details
Closed on
Sep 21, 2009
Sold by
The Bank Of New York
Bought by
Puryear David W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.88%
Mortgage Type
Unknown
Purchase Details
Closed on
Jan 27, 2009
Sold by
Calloway Shirley M
Bought by
The Bank Of New York
Purchase Details
Closed on
Sep 14, 2006
Sold by
Lee Donna M
Bought by
Calloway Shirley M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,000
Interest Rate
6.53%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 28, 2005
Sold by
Calloway Shirley M
Bought by
Calloway Shirley M
Purchase Details
Closed on
Dec 1, 2004
Sold by
Lee Donna M
Bought by
Calloway Shirley M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,000
Interest Rate
5.64%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Jun 23, 2004
Sold by
Calloway Shirley M and Lee Donna M
Bought by
Calloway Shirley M
Purchase Details
Closed on
Aug 20, 2003
Sold by
Calloway Shirley M and Calloway Randy R
Bought by
Calloway Shirley M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,500
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 8, 2003
Sold by
Calloway Shirley M
Bought by
Calloway Shirley M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,500
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Long Beach, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,399,000 | Western Resources Title Compan | |
| Interfamily Deed Transfer | -- | Wfg Title Insurance Company | |
| Interfamily Deed Transfer | -- | Wfg Title Insurance Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $525,000 | Landsafe Title | |
| Trustee Deed | $403,750 | Landsafe Title | |
| Grant Deed | -- | Lawyers Title | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $979,300 | Credit Line Revolving | |
| Previous Owner | $450,000 | New Conventional | |
| Previous Owner | $463,300 | New Conventional | |
| Previous Owner | $50,000 | Unknown | |
| Previous Owner | $459,096 | FHA | |
| Previous Owner | $712,000 | Purchase Money Mortgage | |
| Previous Owner | $427,000 | Stand Alone First | |
| Previous Owner | $389,500 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | Sold | $1,399,000 | 0.0% | $301 / Sq Ft |
| 04/02/2025 04/02/25 | For Sale | $1,399,000 | -- | $301 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,258 | $677,666 | $322,697 | $354,969 |
| 2024 | $9,258 | $664,379 | $316,370 | $348,009 |
| 2023 | $9,101 | $651,353 | $310,167 | $341,186 |
| 2022 | $8,563 | $638,583 | $304,086 | $334,497 |
| 2021 | $8,370 | $626,063 | $298,124 | $327,939 |
| 2019 | $8,251 | $607,496 | $289,283 | $318,213 |
| 2018 | $7,947 | $595,585 | $283,611 | $311,974 |
| 2016 | $7,292 | $572,459 | $272,599 | $299,860 |
| 2015 | $7,009 | $563,861 | $268,505 | $295,356 |
| 2014 | $6,976 | $552,817 | $263,246 | $289,571 |
Source: Public Records
Agents Affiliated with this Home
-
Ty Youngblood
Seller's Agent in 2025
Ty Youngblood
Keller Williams Realty
(949) 229-5515
1 in this area
7 Total Sales
-
Matt Mahowald
Buyer's Agent in 2025
Matt Mahowald
Buckingham Investments, Inc
(310) 982-7055
1 in this area
28 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IG25071699
APN: 7208-011-028
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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