$1,221,000
SOLD MAY 15, 2025

2512 E Adams St Long Beach, CA 90810

6 Beds
3 Baths
2,550 Sq Ft
6,310 Sq Ft Lot

Recently Sold

$479 Per Sq Ft

2% Below List Price

29 Days on Market

Highlights

  • Neighborhood Views
  • Laundry Room
  • Turnkey
  • Double Pane Windows
  • Central Air
  • Chain Link Fence

About This Home

As of May 2025

Don't miss this incredible turnkey 3-unit income property with strong cap rate potential—perfect for investors or a multi-generational family!This beautifully updated home has it all: brand-new plumbing, a new 400-amp Siemens 3 meter electrical panel with new wiring and individual 100 amp sub panels inside each unit, stunning new kitchens with stainless steel appliances, fresh flooring, and stylishly updated bathrooms. Custom doors, LED lighting, and brand-new HVAC units in all three units add modern comfort.Outside, enjoy all-new landscaping and hardscape, fresh stucco and paint, new garage doors with openers, and a newer roof. With so many upgrades, this property is truly move-in ready. Don't let this one slip away!

Last Agent to Sell the Property

Jack Pisciotta

Long Beach Real Estate Brokerage Phone: 562-547-3517 License #01091796 Listed on: 02/19/2025

Co-Listed By

Anthony DeSmet

Long Beach Real Estate Brokerage Phone: 562-547-3517 License #01069124

Last Buyer's Agent

Armando Aguilar Jr

First Team Real Estate License #01980474

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,534

Year Built

  • Built in 1955

Lot Details

  • 6,310 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Back and Front Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Three Garage Doors

Home Design

  • Triplex
  • Turnkey
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,550 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Neighborhood Views
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 692
  • Tax Tract Number 6720
  • Assessor Parcel Number 7316001008

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $3,500
  • Water Sewer Expense $2,200
  • New Taxes Expense $15,875
  • Operating Expense $67,110
  • Gross Income $96,300
  • Net Operating Income $67,110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,534

Year Built

Built in 1955

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 416667
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2200.00
  • Zoning: CARM25U*
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7316001008
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 478.82
  • Room Type: All Bedrooms Down
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Heat Pump
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6310.00
  • Lot Size Acres: 0.1449

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 96300.00
  • Gross Scheduled Income: 96300.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 6310.0000 Square Feet
  • Net Operating Income: 67110.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 24375.00
  • Rent Control: Yes
  • Total Actual Rent: 8025.00
  • Total Expenses: 67110.00

Tax Info

  • New Taxes Expense: 15875.00
  • Tax Census Tract: 5440.01
  • Tax Lot: 692
  • Tax Tract Number: 6720

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2025
Closed on
May 9, 2025
Sold by
Oliden Maria G
Bought by
Oliden Samuel
Seller's Agent
Jack Pisciotta
Long Beach Real Estate
Buyer's Agent
Armando Aguilar Jr
First Team Real Estate
List Price
$1,250,000
Sold Price
$1,221,000
Premium/Discount to List
-$29,000
-2.32%
Views
43
Current Estimated Value
$1,208,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,620
Avg. Annual Appreciation
-4.42%
Original Mortgage
$1,088,900
Outstanding Balance
$1,086,010
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$122,370

Purchase Details

Listed on
Feb 19, 2025
Closed on
Apr 29, 2025
Sold by
Design Develop Group Llc
Bought by
Oliden Samuel and Oliden Samuel
Seller's Agent
Jack Pisciotta
Long Beach Real Estate
Buyer's Agent
Armando Aguilar Jr
First Team Real Estate
List Price
$1,250,000
Sold Price
$1,221,000
Premium/Discount to List
-$29,000
-2.32%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,088,900
Outstanding Balance
$1,086,010
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$122,370

Purchase Details

Closed on
Oct 22, 2024
Sold by
Mjb Acquisitions Llc
Bought by
Design Develop Group Llc

Purchase Details

Closed on
Nov 9, 2016
Sold by
Beedle Myra J
Bought by
Mjb Acquisitions Llc

Purchase Details

Closed on
Aug 29, 2000
Sold by
Beedle Myra
Bought by
Beedle Myra J and The Myra J Beedle Living Trust 2000

Purchase Details

Closed on
Oct 27, 1999
Sold by
Beedle Evan
Bought by
Beedle Myra
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

Date Type Sale Price Title Company
Grant Deed -- Progressive Title
Grant Deed $1,221,000 Marquis Escrow
Grant Deed $750,000 Progressive Title Company
Grant Deed $750,000 Progressive Title Company
Grant Deed -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,088,900 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2025 05/15/25 Sold $1,221,000 -2.3% $479 / Sq Ft
03/25/2025 03/25/25 For Sale $1,250,000 +2.4% $490 / Sq Ft
03/24/2025 03/24/25 Off Market $1,221,000 -- --
03/21/2025 03/21/25 Pending -- -- --
02/19/2025 02/19/25 For Sale $1,250,000 -- $490 / 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 $5,534 $750,000 $550,000 $200,000
2024 $5,534 $288,309 $109,420 $178,889
2023 $5,403 $282,657 $107,275 $175,382
2022 $5,152 $277,116 $105,172 $171,944
2021 $5,071 $271,683 $103,110 $168,573
2020 $4,998 $268,898 $102,053 $166,845
2019 $4,850 $263,626 $100,052 $163,574
2018 $10,059 $714,000 $255,000 $459,000
2016 $4,536 $248,424 $94,283 $154,141
2015 $4,420 $244,693 $92,867 $151,826
2014 $4,408 $239,900 $91,048 $148,852
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25032320

California Regional Multiple Listing Service (CRMLS)

APN: 7316-001-008