2626 E Anaheim St Long Beach, CA 90804
Rose Park NeighborhoodEstimated payment $8,721/month
Highlights
- Property is near park
- Park
- Bike Trail
- Woodrow Wilson High School Rated A
- Laundry Room
About This Home
Huge 200k Price Reduction! Fully Renovated 6-unit building cash flowing at an amazing Current Cap Rate of 5.6% from day 1! Preliminary plans to add 5 ADUs to achieve an incredible 9.4% Cap Rate, 8 GRM, and only 195k/unit after taking into account all the construction costs (~546k assuming $200/SF). Attractive unit mix consisting of (4) well-designed One-Bedroom | One-Bathroom residential units plus (2) well-established commercial tenants (mini-market & flower-shop) both of which have been at this location for many years and have expressed interest for continued tenancy for years to come. The property is separately metered for gas and electrical utilities and each unit has its own individual water heater to further reduce operating costs. Large lot with 7 parking spaces in the back with future development & ADU potential. The property has seen a complete restoration, down to every inch. Overall systems were updated with new copper plumbing in units, new electrical sub-panels in units, new HVAC systems, new water heaters, and brand-new windows in each unit. The units have undergone gut-level updating with new wood flooring, updated lighting fixtures, and brand-new kitchen and bathrooms. In the kitchen, there are new cabinets and modern countertops. The bathrooms boast new vanities and modern fixtures along with sleek bathtubs. Located in the heart of the vibrant Zaferia Design District, this well-positioned asset offers unbeatable access to local staples such as Joe Jost’s, the Traffic Circle, Recreation Park, eclectic restaurants, bars, boutiques, galleries, and more. Located just minutes from the beach and central to the 405, 710 and 605 Freeways, offering tenants easy access to attractions and employers across the region. Long Beach is a popular rental market and population and employment hub with easy access to the beach, colleges (such as Cal State Long Beach), and major attractions including the Queen Mary, Aquarium of the Pacific, and more. Long Beach offers investors the opportunity to acquire assets in a coastal rental market with low vacancy rates without premium coastal pricing.
Listing Agent
Keller Williams Pacific Estate Brokerage Phone: 818-720-8521 License #02030808 Listed on: 12/05/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1936
Lot Details
- 5,852 Sq Ft Lot
- 1 Common Wall
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 3,644 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- Unit 6 Bathroom: 0
- Unit 1 Bathroom: 0
- Unit 2 Bathroom: 0
- Unit 3 Bathroom: 0
- Unit 4 Bathroom: 0
- Unit 5 Bathroom: 0
Additional Features
- Exterior Lighting
- Property is near park
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 4
- Assessor Parcel Number 7260028004
- $1,290 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 6 Units
Recreation
- Park
- Dog Park
- Bike Trail
Building Details
- Rent Control
- 6 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,500
- Fuel Expense $500
- Gardener Expense $1,200
- Insurance Expense $3,644
- Pest Control $1,200
- Professional Management Expense $5,182
- Trash Expense $500
- Water Sewer Expense $500
- Operating Expense $36,300
- Gross Income $126,410
- Net Operating Income $90,110
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,352 | $248,583 | $145,007 | $103,576 |
| 2024 | $4,352 | $243,710 | $142,164 | $101,546 |
| 2023 | $4,263 | $238,932 | $139,377 | $99,555 |
| 2022 | $4,032 | $234,248 | $136,645 | $97,603 |
| 2021 | $3,914 | $229,656 | $133,966 | $95,690 |
| 2019 | $3,858 | $222,846 | $129,994 | $92,852 |
| 2018 | $3,663 | $218,478 | $127,446 | $91,032 |
| 2016 | $3,373 | $209,998 | $122,499 | $87,499 |
| 2015 | $3,259 | $206,844 | $120,659 | $86,185 |
| 2014 | $3,240 | $202,793 | $118,296 | $84,497 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/05/2025 12/05/25 | For Sale | $1,600,000 | -- | $439 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $800,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $757,096 | Construction |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25271411
APN: 7260-028-004
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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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