$982,000
SOLD DEC 8, 2025
7 Beds
6 Baths
3,329 Sq Ft
6,502 Sq Ft Lot Lot

Sale Details

Date Sold: December 8, 2025

$295 Per Sq Ft

11% Below List Price

114 Days on Market

Highlights

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

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 in unit

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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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