$1,350,000
UNDER CONTRACT $100K PRICE DROP
Total Views 3,023
8 Beds
6 Baths
3,628 Sq Ft
$372 Price per Sq Ft

Highlights

  • No HOA
  • South Facing Home
  • Wall Furnace
  • Laundry Room
  • Wood Fence
  • 3-minute walk to Grace Park

About This Home

A well maintained 6-unit multifamily property in the high demand Long Beach rental market! The unit mix consists of one and two-bedroom floor plans with each tenant being responsible for their own electricity, gas, and trash utilities. Tucked in the rear of the property is a common area laundry room where additional income can be generated and 6 off-street parking spots for the tenants’ use. This professionally managed property is also conveniently situated near the 710, 405, and 91 freeways and is in close proximity to the desirable Bixby Knolls neighborhood, Long Beach Airport, and a few miles away from Downtown Long Beach.

Listing Agent

Mariko Artis

ADW Management USA, Inc. Brokerage Email: mariko.a@re-adworks.com License #02062257 Listed on: 01/14/2026

ADW Management USA, Inc.

Co-Listing Agent, Showing Contact

Tak Kida

Takeshi Kida Brokerage Email: mariko.a@re-adworks.com License #02096893

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 5,872 Sq Ft Lot
  • Two or More Common Walls
  • South Facing Home
  • Wood Fence
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment
  • Entry on the 1st floor
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,628 Sq Ft Home
  • 2-Story Property
  • Gas Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Driveway
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 1231
  • Tax Tract Number 5134
  • Assessor Parcel Number 7126034023
  • $1,251 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • North Long Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $605
  • Fuel Expense $1,728
  • Gardener Expense $960
  • Insurance Expense $4,180
  • Maintenance Expense $6,000
  • Other Expense $1,000
  • Pest Control $564
  • Professional Management Expense $7,299
  • Water Sewer Expense $2,341
  • New Taxes Expense $18,384
  • Operating Expense $43,061
  • Gross Income $125,420
  • Net Operating Income $78,597

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

5,872 Sq Ft Lot

Listing Details

  • CapRate: 5.82
  • Professional Management Expense: 7299.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Water Sewer Expenses: 2341.00
  • Zoning: LBCMR
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7126034023
  • Year Built: 1959
  • Special Features: UnderContract

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 372.11

Exterior Features

  • Direction Faces: South
  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Driveway, Uncovered
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 564.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5872.00
  • Lot Size Acres: 0.1348
  • Latitude Manual: 33.85452700

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 605.00
  • Fuel Expense: 1728.00
  • Gross Income: 125420.00
  • Gross Multiplier: 10.76
  • Gross Operating Income: 121658.00
  • Gross Scheduled Income: 125420.00
  • Insurance Expense: 4180.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 924.00
  • Lot Size Area: 5872.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Maintenance Percent: 4.90
  • Net Operating Income: 78597.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 43061.00
  • Operating Expense Percent: 34.00
  • Other Expense: 1000.00
  • Other Expense Description: Reserve
  • Rent Control: No
  • Total Actual Rent: 124500.00
  • Total Expenses: 43061.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18384.00
  • Tax Lot: 1231
  • Tax Tract Number: 5134
  • TaxOtherAnnualAssessmentAmount: 1251.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $21,363 $1,662,337 $459,329 $1,203,008
2024 $21,363 $1,629,743 $450,323 $1,179,420
2023 $20,999 $1,597,789 $441,494 $1,156,295
2022 $19,708 $1,566,461 $432,838 $1,133,623
2021 $19,314 $1,535,747 $424,351 $1,111,396
2020 $19,264 $1,520,240 $420,000 $1,100,240
2019 $14,195 $1,090,240 $300,000 $790,240
2018 $9,971 $750,885 $258,220 $492,665
2016 $9,176 $721,498 $248,194 $473,304
2015 $8,247 $660,000 $240,000 $420,000
2014 $7,964 $625,000 $230,000 $395,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/03/2026 02/03/26 Price Changed $1,350,000 -6.9% $372 / Sq Ft
01/14/2026 01/14/26 For Sale $1,450,000 +33.0% $400 / Sq Ft
08/14/2018 08/14/18 Sold $1,090,000 +0.9% $300 / Sq Ft View Prior Sale
07/23/2018 07/23/18 Pending -- -- --
07/18/2018 07/18/18 For Sale $1,080,000 -- $298 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB26003176

California Regional Multiple Listing Service (CRMLS)
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