$1,275,000
$24K PRICE DROP

Estimated payment $9,045/month

Total Views 3,764
-- Bed
8 Baths
3,520 Sq Ft
$362 Price per Sq Ft

About This Home

PRICED REDUCED TO SELL - 9.5 GRM AND 6.5% CAP AT CURRENT RENTS. Earn over a 8% Cash on Cash Return. 8 units in Downtown Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). It's located down the street from the new library and right next to $8BB in brand new construction. The buiding has a Walk Score of 90 and is ideally located close to mass transportation as well as shopping and restaurants. The property is professionally managed and well maintained. The main electrical panel is 200 AMPS and the subpanels are 30 AMPS - Buyer to verify. The building also features copper plumbing - Buyer to verify. And it has newer vinyl windows. All unit interiors and hallways were updated in the past 5 years including new paint, fixtures and flooring. And the property got a new roof in 2025. There are 8 private storage rooms in the basement where the laundry is located. These are currently vacant but could be given to tenants as an amenity or leased out for $50-75/month. 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. Qualified Buyers can obtain a 27% down, 5 year loan fixed at 5.40%, Interest Only.

Listing Agent

Jon Swire

The Agency License #01336277 Listed on: 06/08/2026

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Interior Spaces

  • 8 Bathrooms
  • 3,520 Sq Ft Home
  • 2-Story Property
  • Basement

Additional Features

  • 2,257 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 7278-022-034

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

2,257 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3520
  • Lot Acreage: 0.0518
  • Stories: 2
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8.00
  • Price Per S Q F T: 362.22

Exterior Features

  • Other Structures: None

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 40.48
  • Assessed Improvement Value: 758550
  • Assessed Land Percent: 59.52
  • Assessed Land Value: 1115517
  • Total Assessed Value: 1874067
  • Assessor Parcel Number: 7278-022-034
  • Lot Size Area: 2257

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 9.50
  • 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

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 $25,181 $1,874,067 $1,115,517 $758,550
2024 $24,092 $1,837,322 $1,093,645 $743,677
2023 $23,676 $1,801,297 $1,072,201 $729,096
2022 $22,214 $1,765,978 $1,051,178 $714,800
2021 $21,767 $1,731,352 $1,030,567 $700,785
2019 $13,468 $1,020,640 $714,000 $306,640
2018 $3,534 $203,564 $62,428 $141,136
2016 $3,257 $195,046 $60,004 $135,042
2015 $3,149 $192,117 $59,103 $133,014
2014 $3,173 $188,355 $57,946 $130,409
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
07/27/2026 07/27/26 Price Changed $1,275,000 -1.5% $362 / Sq Ft
07/20/2026 07/20/26 Price Changed $1,295,000 -0.3% $368 / Sq Ft
06/08/2026 06/08/26 For Sale $1,299,000 -22.7% $369 / Sq Ft
06/25/2019 06/25/19 Sold $1,680,000 -4.0% $477 / Sq Ft View Prior Sale
05/14/2019 05/14/19 Pending -- -- --
02/12/2019 02/12/19 For Sale $1,750,000 -- $497 / Sq Ft
Source: The MLS

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 $1,680,000 Ticor Title
Grant Deed $1,000,000 Lawyers Title
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- Chicago Title Insurance Co
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
Open $1,200,000 Construction
Previous Owner $1,060,000 Construction
Previous Owner $800,000 Commercial
Previous Owner $170,000 Commercial
Source: Public Records

Source: The MLS

MLS Number: 26844683

The MLS
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