$1,900,000
SOLD JAN 14, 2026
21 Beds
13 Baths
6,816 Sq Ft
0.36 Acres

Recently Sold

$279 Per Sq Ft

16% Below List Price

76 Days on Market

Highlights

  • 0.36 Acre Lot
  • Woodrow Wilson High School Rated A
  • 1-Story Property

About This Home

As of January 2026

We are pleased to present our newest listing at 2516 E Anaheim St, an 11-unit garden-style apartment community located in the heart of Long Beach's rapidly evolving Zaferia District. Offered at $181,000 per unit ($293 per square foot), this investment provides a compelling 6.8% CAP rate, 9.43 GRM, and an over 8% cash-on-cash return. The property features a desirable unit mix, with the majority consisting of spacious two-bedroom floorplans, and presents investors with an estimated 39% future rental upside. Recent upgrades, including new electrical panels, provide a solid foundation for future value-add improvements. Positioned along a high-traffic corridor near local shops, restaurants, and transit options, 2516 E Anaheim St offers strong in-place income with significant long-term growth potentiala rare opportunity to acquire a well-located asset in a supply-constrained coastal market.

Last Agent to Sell the Property

Jonathan Weir

Marcus & Millichap License #02038545 Listed on: 09/17/2025

Last Buyer's Agent

Jonathan Weir

Marcus & Millichap License #02038545 Listed on: 09/17/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Parking

  • Uncovered Parking

Interior Spaces

  • 6,816 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 21 Bedrooms
  • 13 Bathrooms

Additional Features

  • 0.36 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 7 Buildings
  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 7260-029-024

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 6816
  • Lot Acreage: 0.3575
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 21
  • Total Bathrooms: 13.00
  • Equipment: Range/Oven, Refrigerator, Garbage Disposal
  • Price Per S Q F T: 293.43

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Uncovered

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 47.00
  • Assessed Improvement Value: 1175000
  • Assessed Land Percent: 53
  • Assessed Land Value: 1325000
  • Total Assessed Value: 2500000
  • Assessor Parcel Number: 7260-029-024
  • Lot Size Area: 15572

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 9.43
  • Number Of Units: 11
  • Type Of Units: 11
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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
01/14/2026 01/14/26 Sold $1,900,000 -5.0% $279 / Sq Ft
12/02/2025 12/02/25 Pending -- -- --
10/28/2025 10/28/25 Price Changed $2,000,000 -11.1% $293 / Sq Ft
09/17/2025 09/17/25 For Sale $2,250,000 -- $330 / Sq Ft
Source: The MLS

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25595091

The MLS