$982,000
SOLD DEC 8, 2025
7 Beds
6 Baths
3,329 Sq Ft
6,504 Sq Ft Lot

Recently Sold

$295 Per Sq Ft

11% Below List Price

114 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Woodrow Wilson High School Rated A
  • Rectangular Lot
  • 4-minute walk to Orizaba Park

About This Home

As of December 2025

We are proud to present a prime multifamily investment opportunity 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, and more. The property features a desirable unit mix consisting of one spacious 2-bedroom/1-bath unit and four well-maintained 1-bedroom/1-bath units, appealing to a broad and stable tenant base. Financial performance is strong, with a current CAP rate of 5.37% and a 11.09 GRM—both projected to improve to a 6.36% CAP and 9.91 GRM following scheduled rent increases. With five dedicated parking spaces and an unbeatable location, this property offers a rare blend of consistent income, future upside, and long-term value in one of Long Beach’s most dynamic neighborhoods.

Last Agent to Sell the Property

Stephen Takahashi

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-403-9145 License #01944770 Listed on: 07/28/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Johnnie Stiegler

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-403-9145 License #01981597

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 6,502 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 3,329 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 5751
  • Assessor Parcel Number 7260018010

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $352
  • Fuel Expense $1,381
  • Gardener Expense $940
  • Insurance Expense $6,500
  • Maintenance Expense $2,723
  • Professional Management Expense $4,709
  • Trash Expense $1,148
  • Water Sewer Expense $3,599
  • Operating Expense $35,445
  • Gross Income $94,656
  • Net Operating Income $56,372

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

6,502 Sq Ft Lot

Listing Details

  • Professional Management Expense: 4709.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3599.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 940.00
  • Parcel Number: 7260018010
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 294.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1148.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6502.00
  • Lot Size Acres: 0.1493

Multi Family

  • Electric Expense: 352.00
  • Fuel Expense: 1381.00
  • Gross Income: 94656.00
  • Gross Scheduled Income: 94656.00
  • Insurance Expense: 6500.00
  • Lot Size Area: 6502.0000 Square Feet
  • Maintenance Expense: 2723.00
  • Net Operating Income: 56372.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 35445.00
  • Rent Control: No
  • Total Expenses: 35444.63

Tax Info

  • Tax Lot: 22
  • Tax Tract Number: 5751.02
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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 Prior Sale
12/08/2025 12/08/25 Sold $982,000 -6.5% $295 / Sq Ft
11/19/2025 11/19/25 Pending -- -- --
10/22/2025 10/22/25 Price Changed $1,050,000 -4.5% $315 / Sq Ft
10/01/2025 10/01/25 For Sale $1,100,000 +12.0% $330 / Sq Ft
09/25/2025 09/25/25 Off Market $982,000 -- --
07/28/2025 07/28/25 For Sale $1,100,000 -14.4% $330 / Sq Ft
07/29/2021 07/29/21 Sold $1,285,000 +2.8% $386 / Sq Ft View Prior Sale
05/05/2021 05/05/21 Pending -- -- --
04/26/2021 04/26/21 For Sale $1,250,000 +247.2% $375 / Sq Ft
02/07/2012 02/07/12 Sold $360,000 -9.8% $108 / Sq Ft View Prior Sale
01/25/2012 01/25/12 Pending -- -- --
12/19/2011 12/19/11 For Sale $399,000 -- $120 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $18,433 $1,363,651 $636,724 $726,927
2024 $17,633 $1,336,914 $624,240 $712,674
2023 $17,335 $1,310,700 $612,000 $698,700
2022 $16,275 $1,285,000 $600,000 $685,000
2021 $5,918 $417,737 $301,701 $116,036
2020 $5,902 $413,955 $298,608 $115,347
2019 $5,835 $405,849 $292,753 $113,096
2018 $5,592 $397,902 $287,013 $110,889
2016 $5,143 $381,972 $275,869 $106,103
2015 $4,950 $376,236 $271,726 $104,510
2014 $4,941 $368,867 $266,404 $102,463
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25165993

California Regional Multiple Listing Service (CRMLS)
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