$4,746,700
$3K PRICE DROP

Estimated payment $32,519/month

Total Views 6,394
7 Beds
25 Baths
14,055 Sq Ft
$338 Price per Sq Ft

About This Home

PRICED TO SELL. Under 10 GRM and 6.0% CAP. 25 units in the heart of Downtown Long Beach. Excellent unit mix for the area. Well-maintained and professionaly managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). The building is blocks from over $8BB in redevelopment including the new Library and many new apartment complexes and restaurants. All unit interiors and common areas heavily updated. The buildings electrical was updated to a 400 AMP main panel and 60 AMPS in each unit and the roof was replaced in 2020. The building was also retrofitted in 1989. New laminate flooring throughout the common areas. Onsite laundry in the basement area. There is a separate house in the rear that has 2 large units - a 3 bed/1 bath and 1 bed/1 bath unit. Loan quote provided by David Guevara. Momenta Capital Group. Qualified Buyers can put as little as 28% down and earn over an 8% cash on cash return against in-place rents. 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. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL.

Listing Agent

Jon Swire

The Agency License #01336277 Listed on: 11/13/2025

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 7,513 Sq Ft Lot
  • Lot Dimensions are 100x150

Interior Spaces

  • 14,055 Sq Ft Home
  • 3-Story Property
  • Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 25 Bathrooms

Parking

  • 2 Parking Spaces
  • Assigned Parking

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 25 Units

Listing and Financial Details

  • Assessor Parcel Number 7280-015-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

7,513 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split, Three Or More
  • Street Number Display: Yes
  • Living Area: 14055
  • Lot Acreage: 0.1725
  • Lot Dimensions: 100x150
  • Year Built: 1915
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 25.00
  • Price Per S Q F T: 337.72

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 2

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 34.87
  • Assessed Improvement Value: 2164864
  • Assessed Land Percent: 65.13
  • Assessed Land Value: 4042883
  • Total Assessed Value: 6207747
  • Assessor Parcel Number: 7280-015-009
  • Lot Size Area: 7513

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 9.99
  • Number Of Units: 25
  • 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 $80,767 $6,207,747 $4,042,883 $2,164,864
2024 $77,246 $6,086,027 $3,963,611 $2,122,416
2023 $75,988 $5,966,694 $3,885,894 $2,080,800
2022 $71,265 $5,849,700 $3,809,700 $2,040,000
2021 $33,635 $2,691,416 $1,448,728 $1,242,688
2020 $33,541 $2,668,620 $1,433,874 $1,234,746
2019 $33,156 $2,616,389 $1,405,759 $1,210,630
2018 $32,356 $2,565,183 $1,378,196 $1,186,987
2016 $29,673 $2,460,962 $1,324,680 $1,136,282
2015 $22,866 $1,925,000 $1,026,600 $898,400
2014 $23,272 $1,925,000 $1,026,600 $898,400
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
04/10/2026 04/10/26 Price Changed $4,746,700 0.0% $338 / Sq Ft
04/02/2026 04/02/26 Price Changed $4,747,000 0.0% $338 / Sq Ft
03/30/2026 03/30/26 Price Changed $4,748,000 0.0% $338 / Sq Ft
03/13/2026 03/13/26 Price Changed $4,749,000 0.0% $338 / Sq Ft
11/13/2025 11/13/25 For Sale $4,750,000 -- $338 / 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 $5,735,000 Stewart Title Of California In
Grant Deed $960,000 Lawyers Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Grant Deed $450,000 Chicago Title
Trustee Deed $327,068 Chicago Title 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
Previous Owner $4,000,000 New Conventional
Previous Owner $1,800,000 Future Advance Clause Open End Mortgage
Previous Owner $2,065,000 Negative Amortization
Previous Owner $1,300,000 Commercial
Previous Owner $720,000 Commercial
Previous Owner $420,000 Commercial
Source: Public Records

Source: The MLS

MLS Number: 25618923

The MLS
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