30 W 49th St Long Beach, CA 90805
Sutter NeighborhoodEstimated payment $22,249/month
About This Home
30 W. 49th Street is a 12-unit stabilized investment opportunity in North Bixby Knolls, offered at a 5.97% cap rate on current rents.
The controlled-access building features mostly two-bedroom units (11 of the 12) and a convenient one-to-one parking ratio. Additional income is generated from on-site laundry facilities. Recent capital improvements include a new roof and new windows throughout, and SB 721 (Balcony Inspection) has been completed.
Situated near the vibrant Bixby Knolls district, residents enjoy walkable access to dining, shopping, and entertainment, along with excellent connectivity to major transportation routes.
Combining strong in-place financial performance, a prime location, and well-maintained condition, this asset offers investors immediate cash flow and long-term appreciation potential in a desirable Long Beach submarket.
Listing Agent
Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 08/15/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 10,078 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Parking
- 12 Car Garage
Home Design
- Apartment
Interior Spaces
- 8,692 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Tax Lot 46
- Tax Tract Number 571
- Assessor Parcel Number 7133032048
- $2,301 per year additional tax assessments
Community Details
Overview
- 12 Units
- Bixby Knolls Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 12 Separate Water Meters
- Electric Expense $3,009
- Fuel Expense $3,009
- Gardener Expense $1,800
- Insurance Expense $10,000
- Maintenance Expense $7,200
- Other Expense $3,000
- Pest Control $600
- Professional Management Expense $15,077
- Trash Expense $3,009
- Water Sewer Expense $3,009
- New Taxes Expense $44,887
- Operating Expense $95,500
- Gross Income $301,534
- Net Operating Income $206,035
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | For Sale | $3,450,000 | -4.4% | $397 / Sq Ft |
| 11/18/2022 11/18/22 | Sold | $3,610,000 | -2.4% | $415 / Sq Ft |
| 09/19/2022 09/19/22 | Pending | -- | -- | -- |
| 07/12/2022 07/12/22 | For Sale | $3,700,000 | -- | $426 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25184626
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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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