$2,344,000
SOLD JUN 23, 2026
15 Beds
9 Baths
6,403 Sq Ft
6,753 Sq Ft Lot

Sale Details

Date Sold: June 23, 2026

$366 Per Sq Ft

22 Days on Market

About This Home

As of June 2026

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.

Last Agent to Sell the Property

Jon Swire

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

The Agency

Last Buyer's Agent

Juan Huizar

Sage Real Estate Group, Inc. License #01417642

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2020
Closed on
Jan 15, 2021
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Jon Swire
The Agency
List Price
$2,500,000
Sold Price
$2,320,000
Premium/Discount to List
-$180,000
-7.2%

Purchase Details

Closed on
Jun 29, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
0.0389%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 9, 2000
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Type Sale Price Title Company
Grant Deed $2,320,000 Ticor Title
Grant Deed $1,961,000 Chicago Title Company
Grant Deed $1,961,000 Chicago Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Closed $1,325,000 Commercial
Closed $1,000,000 Commercial
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
06/23/2026 06/23/26 Sold $2,344,000 -0.2% $366 / Sq Ft
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

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 $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

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 26826121

The MLS
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