NOT LISTED FOR SALE
10 Beds
9 Baths
6,182 Sq Ft
6,630 Sq Ft

Last Sold February 20, 2025

Last sale price $1,470,000 $238 Per Sq Ft

23 Days on Market

Highlights

  • Contemporary Architecture
  • 6 Car Garage
  • Gated Home
  • Long Beach Polytechnic High School Rated A
  • Laundry Facilities
  • Radiant Heating System

About This Home

As of February 2025

Nine-unit apartment building located in the Wrigley area of Long Beach, on a quiet residential street near the major cross streets of Long Beach Boulevard & Willow Street. 266 E 25th is located in an area with upside potential, offering a mix of (2) 2 Bed/1 Bath units, (6) 1 Bed/1 bath units and (1) Single unit. Property features include 6 private garages, separate utility meters, a laundry room with 1 washer/1 dryer and a gated perimeter, all of which support tenant security and convenience. Residents enjoy convenient access to nearby shopping and access to the Pacific Coast Metro, the 405 and 710 freeways. A 10-15 min drive to downtown Long Beach, Cal State Long Beach and the Long Beach Airport. Long Beach's strong rental market provides a new owner with the opportunity to take advantage of the high demand in this area. With current rents below market rates, this 9-unit building is an attractive investment opportunity for those looking to capitalize on its upside potential.

Last Agent to Sell the Property

Jacqueline Knoll

Coldwell Banker Realty License #01726333 Listed on: 10/23/2024

Coldwell Banker Realty

Last Buyer's Agent

Jennifer Kleinert

Coldwell Banker Realty License #01347532

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,632 Sq Ft Lot
  • Gated Home

Parking

  • 6 Car Garage

Home Design

  • Contemporary Architecture
  • Stone Roof

Interior Spaces

  • 6,182 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Utilities

  • Radiant Heating System

Community Details

  • 9 Units
  • Laundry Facilities
  • Rent Control

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 7208-011-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

6,632 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Nine-unit apartment building located in the Wrigley area of Long Beach, on a quiet residential street near the major cross streets of Long Beach Boulevard & Willow Street. 266 E 25th is located in an area with upside potential, offering a mix of (2) 2 Bed/1 Bath units, (6) 1 Bed/1 bath units and (1) Single unit. Property features include 6 private garages, separate utility meters, a laundry room with 1 washer/1 dryer and a gated perimeter, all of which support tenant security and convenience. Residents enjoy convenient access to nearby shopping and access to the Pacific Coast Metro, the 405 and 710 freeways. 10-15 minutes from downtown Long Beach, Cal State Long Beach and the Long Beach Airport. Long Beach's strong rental market provides a new owner with the opportunity to take advantage of the high demand for rental units in this area.
  • Living Area: 6182
  • Lot Acreage: 0.1522
  • Stories: 2
  • Year Built: 1959
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Common Walls: Attached
  • Laundry: Community
  • Total Bathrooms: 9.00
  • Equipment: Garbage Disposal, Range/Oven
  • Price Per S Q F T: 322.71

Exterior Features

  • Other Structures: None
  • Pool: No
  • Roof: Rock
  • Spa Yn: No

Garage/Parking

  • Covered Parking: 6
  • Parking Garage: Private Garage, Covered Parking
  • Total Parking: 6

Utilities

  • Heating: Electric, Radiant
  • Security: Gated

Lot Info

  • Assessed Improvement Percent: 67.74
  • Assessed Improvement Value: 310221
  • Assessed Land Percent: 32.26
  • Assessed Land Value: 147721
  • Total Assessed Value: 457942
  • Assessor Parcel Number: 7208-011-010
  • Lot Size Area: 6632

Rental Info

  • Owner Pays: Water, Gardener
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.34
  • Number Of Units: 9
  • Rent Control: 100
  • Type Of Units: Multi
  • Vacancy Allow: 0
  • Vacancy Allow Percent: 0.00

MLS Schools

  • School District: Long Beach Unified
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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
02/20/2025 02/20/25 Sold $1,470,000 -26.3% $238 / Sq Ft
11/15/2024 11/15/24 Pending -- -- --
10/23/2024 10/23/24 For Sale $1,995,000 -- $323 / Sq Ft
Source: The MLS

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 $30,214 $2,340,900 $936,360 $1,404,540
2024 $30,214 $2,295,000 $918,000 $1,377,000
2023 $7,401 $457,942 $147,721 $310,221
2022 $6,986 $448,964 $144,825 $304,139
2021 $6,794 $440,162 $141,986 $298,176
2019 $6,697 $428,089 $137,776 $290,313
2018 $6,440 $419,715 $135,075 $284,640
2016 $5,913 $402,478 $129,831 $272,647
2015 $5,703 $396,433 $127,881 $268,552
2014 $5,713 $388,668 $125,376 $263,292
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-455767

The MLS
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