$1,490,000
PENDING

Estimated payment $8,867/month

Total Views 1,537
12 Beds
6 Baths
3,520 Sq Ft
$423 Price per Sq Ft

Highlights

  • Gated Community
  • Corner Lot
  • No Interior Steps
  • Midcentury Modern Architecture
  • Neighborhood Views
  • Tile Flooring

About This Home

Presenting a clean and well-maintained 6-unit apartment building located on a highly visible corner in the vibrant West Side neighborhood of Long Beach. This property features six spacious two-bedroom, one-bathroom units that are always in high demand, making it extremely easy to rent. Ideal for a 1031 exchange or a direct purchase, each unit is filled with plenty of natural light and equipped with modern amenities, providing comfortable living spaces for families and professionals alike. With convenient access to the 405 and 710 freeways, as well as nearby rail lines, local shops, dining, and parks, and just blocks from popular Bixby Knolls, this location is perfect for tenants seeking both accessibility and community. Given the strong rental demand in Long Beach, this property presents an excellent opportunity for steady income and long-term appreciation. Don’t miss your chance to invest in this prime real estate!

Listing Agent

Kirk Mulhearn

Mark 1 Real Estate Inc Brokerage Phone: 562-965-0054 License #00886093 Listed on: 10/10/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 3,921 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Stucco Fence
  • Corner Lot

Parking

  • 8 Car Garage
  • 8 Carport Spaces
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • Midcentury Modern Architecture
  • Apartment
  • Entry on the 1st floor
  • Flat Roof Shape
  • Slab Foundation
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,520 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Neighborhood Views

Kitchen

  • Gas Range
  • Formica Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Home Security

  • Window Bars
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 110
  • Assessor Parcel Number 7312001043
  • $847 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 6 Units
  • Westside/North Of Willow Subdivision

Recreation

  • Bike Trail

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • Fuel Expense $100
  • Gardener Expense $900
  • Insurance Expense $3,705
  • Maintenance Expense $3,355
  • Pest Control $175
  • Professional Management Expense $6,692
  • Trash Expense $100
  • Water Sewer Expense $250
  • Operating Expense $25,200
  • Gross Income $123,000
  • Net Operating Income $76,110

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

8

Listing Details

  • CapRate: 5.10
  • Professional Management Expense: 6692.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Gated Community, Security Lights, Smoke Detector(s), Window Bars
  • Subdivision Name Other: Westside/North of Willow (WNW)
  • View: Yes
  • Water Sewer Expenses: 250.00
  • Zoning: LBR3T
  • Architectural Style: Mid Century Modern
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7312001043
  • Year Built: 1957
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 423.30
  • Room Type: Family Room

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Stucco Wall
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 8.00
  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Concrete
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Pest Control Expense: 175.00
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 3921.00
  • Lot Size Acres: 0.0900

Multi Family

  • Average2 Bed Area: 586 Square Feet
  • Fuel Expense: 100.00
  • Gross Income: 123000.00
  • Gross Multiplier: 12.10
  • Gross Operating Income: 119310.00
  • Gross Scheduled Income: 123000.00
  • Insurance Expense: 3705.00
  • Lot Size Area: 3921.0000 Square Feet
  • Maintenance Expense: 3355.00
  • Maintenance Percent: 2.70
  • Net Operating Income: 76110.00
  • Number Of Separate Electric Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Disposal: 6
  • Number With Drapes: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 43200.00
  • Other Expense Description: 5400
  • Rent Control: Yes
  • Total Actual Rent: 10250.00
  • Total Expenses: 25200.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 5777.00
  • Tax Lot: 2
  • Tax Tract Number: 110
  • TaxOtherAnnualAssessmentAmount: 847.00

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 $12,722 $974,887 $580,292 $394,595
2024 $12,722 $955,772 $568,914 $386,858
2023 $12,506 $937,032 $557,759 $379,273
2022 $11,745 $918,660 $546,823 $371,837
2021 $11,500 $900,648 $536,101 $364,547
2020 $11,470 $891,414 $530,604 $360,810
2019 $11,336 $873,936 $520,200 $353,736
2018 $11,014 $856,800 $510,000 $346,800
2016 $6,852 $540,461 $144,120 $396,341
2015 $6,585 $532,344 $141,956 $390,388
2014 $6,553 $521,917 $139,176 $382,741
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/23/2025 10/23/25 Pending -- -- --
10/10/2025 10/10/25 For Sale $1,490,000 +77.4% $423 / Sq Ft
07/27/2016 07/27/16 Sold $840,000 -1.2% $239 / Sq Ft View Prior Sale
05/24/2016 05/24/16 Pending -- -- --
02/17/2016 02/17/16 For Sale $850,000 -- $241 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Orange Coast Title Company
Interfamily Deed Transfer -- Orange Coast Title Socal
Grant Deed $840,000 Orange Coast Title Co Socal
Interfamily Deed Transfer -- New Century Title Company Or
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Chicago
Grant Deed $450,000 Chicago Title Co
Interfamily Deed Transfer -- Equity Title Company
Interfamily Deed Transfer -- Equity Title Company
Grant Deed $199,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $775,000 New Conventional
Previous Owner $630,000 Adjustable Rate Mortgage/ARM
Previous Owner $405,000 Purchase Money Mortgage
Previous Owner $280,000 Purchase Money Mortgage
Previous Owner $197,373 FHA
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS25189190

California Regional Multiple Listing Service (CRMLS)

APN: 7312-001-043