3400 E Andy St Long Beach, CA 90805
Saint Francis NeighborhoodHighlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Tile Flooring
- Balcony
- Laundry Room
- Family Room
About This Home
As of April 2025A Prime Investment Opportunity in the heart of Long Beach. This exceptional multi-family property, located at 3400 E Andy Street in Long Beach, presents a lucrative investment opportunity. Well-maintained building that encompasses four spacious townhouse-style units, totaling approximately 5,175 square feet of living space on a 5,643 square foot lot. The complex includes one (1) 3-bedrooms + 1.5 baths unit and three (3) 2-bedrooms + 1.5 bath units. Each unit offers generous living areas of approximately 1,300 square feet. The property is generating a whopping $7575 gross rent per month.
All the apartments feature in-unit laundry hookups with private patios and balcony, enhancing tenant convenience and appeal. The townhouse-style layout provides a desirable living arrangement, offering tenants a sense of privacy and space.
The property has easy access to shopping (1 mile from Lakewood Mall), grocery, hospital (walking distance), schools and freeway. Situated in a sought-after rental area, this property has a history of strong occupancy rates. The combination of spacious units, in-demand amenities, and prime location makes it an attractive option for investors seeking long-term steady passive rental income and potential appreciation.
Last Agent to Sell the Property
Nanda Realty Inc. Brokerage Phone: 5624054854 License #02098451
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $12,543
Year Built
- Built in 1963
Lot Details
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- Parking Available
- Assigned Parking
Interior Spaces
- 5,175 Sq Ft Home
- 2-Story Property
- Family Room
Flooring
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
- All Upper Level Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Additional Features
- Balcony
- Urban Location
Listing and Financial Details
- Tenant pays for electricity
- Tax Lot 18
- Tax Tract Number 28449
- Assessor Parcel Number 7121009027
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 4 Units
- North Long Beach Subdivision
Building Details
- 3 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Gardener Expense $600
- Insurance Expense $2,788
- Trash Expense $6,480
- Water Sewer Expense $2,100
- New Taxes Expense $14,364
- Operating Expense $26,332
- Gross Income $90,900
- Net Operating Income $64,568
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Map
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,250,000 | Usa National Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | Lawyers Title | |
| Grant Deed | $650,000 | Orange Coast Title | |
| Interfamily Deed Transfer | -- | Landwood Title Company | |
| Grant Deed | -- | None Available | |
| Grant Deed | $670,000 | Itc Gln |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $875,000 | New Conventional | |
| Previous Owner | $487,500 | New Conventional | |
| Previous Owner | $230,000 | New Conventional | |
| Previous Owner | $270,000 | Purchase Money Mortgage |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/18/2025 04/18/25 | Sold | $1,250,000 | +0.1% | $242 / Sq Ft |
| 02/19/2025 02/19/25 | For Sale | $1,249,000 | +92.2% | $241 / Sq Ft |
| 05/15/2013 05/15/13 | Sold | $650,000 | 0.0% | $126 / Sq Ft |
| 04/16/2013 04/16/13 | Pending | -- | -- | -- |
| 02/11/2013 02/11/13 | For Sale | $650,000 | -- | $126 / Sq Ft |
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 |
|---|---|---|---|---|
| 2024 | $12,543 | $951,674 | $232,114 | $719,560 |
| 2023 | $12,299 | $933,014 | $227,563 | $705,451 |
| 2022 | $11,961 | $914,720 | $223,101 | $691,619 |
| 2021 | $11,655 | $896,785 | $218,727 | $678,058 |
| 2019 | $11,966 | $870,189 | $212,241 | $657,948 |
| 2018 | $11,155 | $853,128 | $208,080 | $645,048 |
| 2016 | $8,343 | $676,152 | $208,047 | $468,105 |
| 2015 | $7,861 | $665,996 | $204,922 | $461,074 |
| 2014 | $8,072 | $652,951 | $200,908 | $452,043 |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS25029580
APN: 7121-009-027
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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