$2,349,000

Estimated payment $15,342/month

Total Views 302
15 Beds
9 Baths
6,403 Sq Ft
$367 Price per Sq Ft

About This Home

PRICED TO SELL - 9.7X GRM AND 6.9% CAP AT MARKET RENTS - IN PRIME LONG BEACH. 8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0% total). Located on the East Side of Long Beach close to Belmont Shores and the Traffic Circle. The property is impeccably maintained and professionally managed. Excellent unit mix of 2 and 3 bed units featuring 4 garage spaces in the front of the property (each could be rented for $150 each). Unit interiors are in good condition, but a new owner could choose to upgrade them even further and increase rents to market, approx. 15% above current levels. There is an onsite laundry room. The main electrical panel is 200 AMPS - Buyer to verify. The 3 bedroom unit has a large private patio in the rear of the building. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs.

Listing Agent

Jon Swire

The Agency License #01336277 Listed on: 04/28/2026

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Interior Spaces

  • 6,403 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 9 Bathrooms

Parking

  • 8 Parking Spaces
  • Assigned Parking

Additional Features

  • 6,753 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 7257-005-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

6,753 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 6403
  • Lot Acreage: 0.1550
  • Stories: 2
  • Year Built: 1963
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Total Bathrooms: 9.00
  • Price Per S Q F T: 366.86

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 8

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 35.34
  • Assessed Improvement Value: 887593
  • Assessed Land Percent: 64.66
  • Assessed Land Value: 1623648
  • Total Assessed Value: 2511241
  • Assessor Parcel Number: 7257-005-017
  • Lot Size Area: 6753

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 11.30
  • Number Of Units: 8
  • Type Of Units: Income

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 $33,623 $2,511,241 $1,623,648 $887,593
2024 $32,152 $2,462,002 $1,591,812 $870,190
2023 $31,609 $2,413,728 $1,560,600 $853,128
2022 $29,664 $2,366,400 $1,530,000 $836,400
2021 $25,985 $2,061,360 $1,261,414 $799,946
2020 $25,917 $2,041,014 $1,248,480 $792,534
2019 $25,613 $2,001,010 $1,224,000 $777,010
2018 $24,966 $1,961,790 $1,200,000 $761,790
2016 $12,178 $952,293 $380,913 $571,380
2015 $11,705 $937,990 $375,192 $562,798
2014 $11,655 $919,617 $367,843 $551,774
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2026 04/28/26 For Sale $2,349,000 +1.3% $367 / Sq Ft
03/16/2021 03/16/21 Sold $2,320,000 -7.2% $362 / Sq Ft View Prior Sale
01/28/2021 01/28/21 Pending -- -- --
04/15/2020 04/15/20 For Sale $2,500,000 -- $390 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 26826121

The MLS
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