$2,590,000
SOLD OCT 3, 2025
14 Beds
10 Baths
8,945 Sq Ft
7,506 Sq Ft Lot

Recently Sold

$290 Per Sq Ft

7% Below List Price

202 Days on Market

About This Home

As of October 2025

PRICED REDUCED AND READY TO SELL. 10.7 GRM and 6.2% CAP against in place rents. 10 units located blocks from Downtown Long Beach where over $8BB in Redevelopment is happening. Subject to AB 1482 Rent Control (5% + CPI increases). 3 structures on a the lot. All units have been heavily remodeled with new kitchens, baths, flooring and W/D's. 10.7 GRM and 6.2% CAP and only $302/SF. Property has new windows, landscaping, lighting and garage doors and is professionally managed. Electrical was redone in 2020. All units have W/D's in them. 4 garages with additional parking for 4 cars outside. Garages are leased for $675/month total. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Last Agent to Sell the Property

Jon Swire

The Agency License #01336277 Listed on: 01/30/2025

The Agency

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest License #01451551

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Assigned Parking

Interior Spaces

  • 8,945 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Additional Features

  • 7,506 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 7272-019-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 8945
  • Lot Acreage: 0.1723
  • Stories: 2
  • Year Built: 1929
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 14
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 301.73

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 4
  • Parking Garage: Assigned
  • Total Parking: 8

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 35.12
  • Assessed Improvement Value: 1183246
  • Assessed Land Percent: 64.88
  • Assessed Land Value: 2186088
  • Total Assessed Value: 3369334
  • Assessor Parcel Number: 7272-019-009
  • Lot Size Area: 7506

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.70
  • Number Of Units: 8
  • Type Of Units: Income
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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
10/03/2025 10/03/25 Sold $2,590,000 -4.0% $290 / Sq Ft
08/20/2025 08/20/25 Pending -- -- --
08/04/2025 08/04/25 Price Changed $2,699,000 -1.8% $302 / Sq Ft
06/17/2025 06/17/25 Price Changed $2,749,000 -1.6% $307 / Sq Ft
05/27/2025 05/27/25 Price Changed $2,795,000 -0.1% $312 / Sq Ft
01/30/2025 01/30/25 For Sale $2,799,000 -11.8% $313 / Sq Ft
01/14/2021 01/14/21 Sold $3,175,000 0.0% $355 / Sq Ft View Prior Sale
11/17/2020 11/17/20 Pending -- -- --
08/27/2020 08/27/20 Off Market $3,175,000 -- --
01/27/2020 01/27/20 For Sale $3,300,000 -- $369 / Sq Ft
Source: The MLS

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 $43,884 $3,436,719 $2,229,809 $1,206,910
2024 $43,884 $3,369,334 $2,186,088 $1,183,246
2023 $43,145 $3,303,270 $2,143,224 $1,160,046
2022 $40,488 $3,238,500 $2,101,200 $1,137,300
2021 $31,685 $2,504,278 $1,628,296 $875,982
2020 $31,601 $2,479,400 $1,611,600 $867,800
2019 $19,670 $1,475,280 $810,965 $664,315
2018 $19,107 $1,446,369 $795,064 $651,305
2016 $16,054 $1,260,000 $695,900 $564,100
2015 $14,967 $1,200,000 $662,800 $537,200
2014 $13,974 $1,095,000 $604,800 $490,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25491925

The MLS