NOT LISTED FOR SALE

260 E 25th St Long Beach, CA 90806

Southeast Wrigley Neighborhood

Estimated Value: $1,432,000 - $1,639,538

9 Beds
7 Baths
5,081 Sq Ft
$300/Sq Ft Est. Value

Last Sold May 26, 2021

Last sale price $1,350,000 $266 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $9,636/month

323 Days on Market

About This Home

As of May 2021

Owner-occupied opportunity available!!
Remodeled, Townhouse style 4-plex located at 260 E. 25th St., Long Beach. Sitting at 5,081 Sq.Ft, this spacious property is an absolute steal for any new owner.
The 25th St. property has an incredibly strong unit mix, being comprised of (1) 3-Bedroom/2-Bath unit, (2) 2-Bedroom/1.5-Bath units, and (1) 2 Bedroom/1-Bath unit. Three of the units offer large back door patios. Remodels to the property include new bathrooms/kitchens, hardwood and stone flooring, and granite countertops. The property has also undergone a full copper re-pipe as well as a brand new roof put on only 2 years ago. One 2 Bed/1.5-Bath unit can be delivered vacant upon the close of escrow, allowing for owner occupancy or the new investor. There are (4) garages: (3) one-car and (1) two-car conveniently located for all tenants, as well as an opportunity for extra income for the new owner. Being offered at a current 4.62% Cap, there is still plenty of room in rental upside, offering a 6.55% Cap and 11.33 GRM. This "all electric" property is separately metered.
With $6B in development flowing into the city, Long Beach has continued to rise as a top beach community. This is a perfect opportunity for any buyer or owner/user looking for a renovated 4-plex in one of Long Beach’s fastest growing markets.

Last Agent to Sell the Property

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 07/07/2020

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 07/07/2020

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,824

Year Built

  • Built in 1968

Lot Details

  • 6,476 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 5,081 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 7208011009

Community Details

Overview

  • 4 Units
  • Wrigley Area Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $27,125
  • Gross Income $92,232
  • Net Operating Income $62,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,824

Year Built

Built in 1968

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7208011009
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 265.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6476.00
  • Lot Size Acres: 0.1487

Multi Family

  • Gross Income: 92232.00
  • Gross Scheduled Income: 92232.00
  • Lot Size Area: 6476.0000 Square Feet
  • Net Operating Income: 62340.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 27125.00
  • Rent Control: No
  • Total Expenses: 27125.00

Tax Info

  • Tax Census Tract: 5731.00
  • Tax Lot: 8
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2025
Sold by
Adams Amin Family Trust and Adams Joerg Michael
Bought by
Pine Seventeen 260 Llc
Current Estimated Value
$1,526,135

Purchase Details

Listed on
Jul 7, 2020
Closed on
May 10, 2021
Sold by
Amin Puja
Bought by
Adams Joerg
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,350,000
Sold Price
$1,350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.82%
Original Mortgage
$877,500
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 7, 2020
Closed on
Apr 29, 2021
Sold by
Sterling Kevin
Bought by
Adams Joerg
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,350,000
Sold Price
$1,350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$877,500
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 1997
Sold by
Johnson William
Bought by
Sterling Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,177
Interest Rate
7.26%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 19, 1993
Sold by
Rogers Ursula M
Bought by
Johnson William and Johnson Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.98%
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Pine Seventeen 260 Llc -- None Listed On Document
Adams Joerg -- First American Title Company O
Adams Joerg $1,350,000 First American Title Company O
Sterling Kevin $235,000 Stewart Title
Johnson William $225,000 Continental Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adams Joerg $877,500
Previous Owner Sterling Kevin $226,177
Previous Owner Johnson William $180,000
Closed Johnson William $22,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2021 05/26/21 Sold $1,350,000 0.0% $266 / Sq Ft
09/09/2020 09/09/20 Off Market $1,350,000 -- --
07/07/2020 07/07/20 For Sale $1,350,000 -- $266 / 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 $18,824 $1,461,282 $649,458 $811,824
2024 $18,824 $1,432,630 $636,724 $795,906
2023 $18,511 $1,404,540 $624,240 $780,300
2022 $17,382 $1,377,000 $612,000 $765,000
2021 $4,993 $346,639 $140,127 $206,512
2020 $4,977 $343,086 $138,691 $204,395
2019 $4,920 $336,360 $135,972 $200,388
2018 $4,678 $329,765 $133,306 $196,459
2016 $4,275 $316,962 $128,131 $188,831
2015 $4,117 $312,202 $126,207 $185,995
2014 $4,109 $306,087 $123,735 $182,352
Source: Public Records

Agents Affiliated with this Home

  • Cameron Samimi

    Seller's Agent in 2021

    Cameron Samimi

    Lyon Stahl Investment Real Estate, Inc.

    (310) 259-7556

    3 in this area

    195 Total Sales

    Cameron Samimi
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20132566

California Regional Multiple Listing Service (CRMLS)

APN: 7208-011-009

California Los Angeles County Long Beach 90806 Southeast Wrigley

260 E 25th St, Long Beach, CA

This home is located at 260 E 25th St, Long Beach, CA 90806 since 07 July 2020 and is currently estimated at $1,526,135, approximately $300 per square foot. This property was built in 1968. 260 E 25th St is a home located in Los Angeles County with nearby schools including Jackie Robinson Academy, Long Beach Polytechnic High School, and We the People High School.

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California Regional Multiple Listing Service (CRMLS) 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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