$2,750,000

Estimated payment $15,590/month

Total Views 303
9 Beds
9 Baths
6,065 Sq Ft
$453 Price per Sq Ft

Highlights

  • Dual Staircase
  • Wood Flooring
  • No HOA
  • Woodrow Wilson High School Rated A
  • Corner Lot
  • Side by Side Parking

About This Home

Prime Bluff Park 9-Unit Investment – Blocks from the Ocean
Exceptional opportunity - 9 residential units in the highly sought-after Bluff Park-Historical neighborhood, just a short walk to the beach. Each spacious unit is full of character, featuring coved ceilings, hardwood floors, and built-in cabinetry. The property includes an inviting interior courtyard with mature plantain banana trees, adding to its charm. Separate gas and electric meters for each unit. Close to parks, shopping, dining, and public transportation. A rare chance to acquire a well-maintained property in one of Long Beach’s most desirable coastal communities.

Listing Agent

Janet Lee

Pabst, Kinney & Associates Brokerage Email: janetklee77@yahoo.com License #01009485 Listed on: 09/01/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,619

Year Built

  • Built in 1922

Lot Details

  • 4,258 Sq Ft Lot
  • No Common Walls
  • Vinyl Fence
  • Wood Fence
  • Corner Lot
  • Irregular Lot
  • Sprinkler System
  • Density is 6-10 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Side by Side Parking

Home Design

  • Major Repairs Completed
  • Partial Copper Plumbing
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 6,065 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Ceiling Fan
  • Blinds
  • Window Screens
  • Wood Flooring
  • Laundry Room

Kitchen

  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Standard Electricity
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 4 / Z
  • Tax Tract Number 577200
  • Assessor Parcel Number 7264003021
  • $1,000 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 9 Units
  • Belmont Heights Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 8 Leased Units
  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Fuel Expense $700
  • Insurance Expense $5,000
  • Professional Management Expense $15,360
  • Trash Expense $900
  • Water Sewer Expense $900
  • Operating Expense $23,460
  • Gross Income $192,000
  • Net Operating Income $162,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,619

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: 9 Stoves 9 Refrigerators 1 washer 1 dryer
  • Other Phone Description: 1-562-881-555
  • Price Per Unit: 305556
  • Professional Management Expense: 15360.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Belmont Heights (BH)
  • View: No
  • Water Sewer Expenses: 900.00
  • Zoning: LBCNP
  • Property Condition: Repairs Major
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7264003021
  • Year Built: 1922
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Ceiling Fan(s), Copper Plumbing Partial
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 453.42
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Concrete Perimeter
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Vinyl, Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Side by Side
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Refrigerator
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Corner Lot, Irregular Lot, Sprinkler System
  • Lot Size Sq Ft: 4258.00
  • Lot Size Acres: 0.0978

Rental Info

  • Garage Rental Rate: 300.00
  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 600.00
  • Fuel Expense: 700.00
  • Gross Income: 192000.00
  • Gross Operating Income: 186240.00
  • Gross Scheduled Income: 192000.00
  • Insurance Expense: 5000.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 4258.0000 Square Feet
  • Net Operating Income: 162780.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 9
  • Number With Range: 9
  • Number With Refrigerator: 9
  • Operating Expense: 23460.00
  • Rent Control: Yes
  • Total Actual Rent: 16000.00
  • Total Expenses: 23460.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: Z
  • Tax Census Tract: 5772.00
  • Tax Lot: 4
  • Tax Tract: Alamitos Tract
  • Tax Tract Number: 577200
  • TaxOtherAnnualAssessmentAmount: 1000.00

Map

Range of Values:

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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 $7,619 $452,056 $141,764 $310,292
2024 $7,619 $443,193 $138,985 $304,208
2023 $7,460 $434,504 $136,260 $298,244
2022 $7,043 $425,986 $133,589 $292,397
2021 $6,836 $417,634 $130,970 $286,664
2019 $6,736 $405,249 $127,087 $278,162
2018 $6,512 $397,304 $124,596 $272,708
2016 $5,994 $381,877 $119,758 $262,119
2015 $5,787 $376,142 $117,960 $258,182
2014 $5,748 $368,775 $115,650 $253,125
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2025 09/01/25 For Sale $2,750,000 -- $453 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Commonwealth
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25195980

California Regional Multiple Listing Service (CRMLS)

APN: 7264-003-021