318 E Market St Long Beach, CA 90805
Addams NeighborhoodEstimated payment $8,239/month
Highlights
- Fenced
- Heating Available
- 2-minute walk to Grace Park
About This Home
Welcome to 318-320 East Market Street, a turnkey income opportunity featuring 3 residential units and 1 commercial storefront currently used as a barbershop. All 4 units will be delivered with month-to-month tenants paying at or above market rates, with current gross monthly rent at $7,755. The property is in good marketable condition with upgrades by the current owner including new 200 amp electrical panels; updated plumbing; updated sprinkler and irrigation, and updated interior finishes and design. Solid CAP RATE and GRM. Run the numbers yourself, you won't want to miss this one.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 5,654 Sq Ft Lot
- 1 Common Wall
- Fenced
Home Design
- 2,160 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Parking
- 2 Parking Spaces
- Parking Available
- Driveway
Utilities
- Heating Available
- Water Heater
Additional Features
- Laundry in unit
- Exterior Lighting
Listing and Financial Details
- Tax Lot 291
- Assessor Parcel Number 7131004004
Community Details
Overview
- 2 Buildings
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,800
- Insurance Expense $5,800
- Water Sewer Expense $2,496
- Operating Expense $19,453
- Gross Income $93,060
- Net Operating Income $73,607
Map
Home Values in the Area
Average Home Value in this Area
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 | $9,357 | $675,000 | $450,000 | $225,000 |
| 2024 | $11,519 | $867,000 | $612,000 | $255,000 |
| 2023 | $11,323 | $850,000 | $600,000 | $250,000 |
| 2022 | $2,122 | $124,459 | $64,215 | $60,244 |
| 2021 | $2,059 | $122,019 | $62,956 | $59,063 |
| 2020 | $2,052 | $120,769 | $62,311 | $58,458 |
| 2019 | $2,028 | $118,402 | $61,090 | $57,312 |
| 2018 | $1,883 | $116,082 | $59,893 | $56,189 |
| 2016 | $1,730 | $111,576 | $57,568 | $54,008 |
| 2015 | $1,672 | $109,901 | $56,704 | $53,197 |
| 2014 | $1,663 | $107,749 | $55,594 | $52,155 |
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 |
|---|---|---|---|---|---|
| 07/17/2026 07/17/26 | For Sale | $1,369,000 | +61.1% | $634 / Sq Ft | |
| 07/19/2022 07/19/22 | Sold | $850,000 | 0.0% | $394 / Sq Ft | View Prior Sale |
| 06/06/2022 06/06/22 | Pending | -- | -- | -- | |
| 12/07/2021 12/07/21 | For Sale | $850,000 | -- | $394 / Sq Ft |
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 | -- | Lawyers Title | |
| Grant Deed | -- | Lawyers Title | |
| Grant Deed | $850,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | -- |
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 |
|---|---|---|---|
| Open | $741,000 | New Conventional | |
| Closed | $475,000 | New Conventional |
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-28074
APN: 7131-004-004
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 345 E 53rd St
- 436 E Market St
- 174 E Plymouth St
- 180 E 55th St
- 152 E Louise St
- 341 E Ellis St
- 473 E 55th St
- 489 E 55th St
- 363 E Morningside St
- 46 E Plymouth St
- 5447 Lime Ave
- 5529 Dairy Ave
- 34 E 53rd St
- 496 E 52nd St
- 407 E Sunset St
- 25 E Plymouth St
- 17 E Plymouth St Unit B
- 34 E Louise St
- 350 E South St
- 243 E Home St
- 259 E Plymouth St
- 409 E Market St
- 152 E Plymouth St
- 5452-5452 Linden Ave Unit 5452 Linden Avenue U
- 22 E Market St
- 22 E Market St Unit D
- 5230 Long Beach Blvd
- 5557 Olive Ave
- 77-79 E Ellis St Unit 79 East Ellis St.
- 5628 Lime Ave
- 230 E Hullett St Unit 1
- 218 E Hullett St Unit A
- 313 E Silva St
- 22 E 56th St Unit 22 E 56th St
- 101 W Market St
- 5555 N Long Beach Blvd
- 5724 California Ave
- 120 W Mountain View St
- 5740 California Ave
- 5917A Atlantic Ave
Ask me questions while you tour the home.