$1,950,000

Estimated payment $12,385/month

Total Views 461
9 Beds
7 Baths
5,477 Sq Ft
$356 Price per Sq Ft

Highlights

  • 0.1 Acre Lot
  • Granite Countertops
  • Vinyl Flooring
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • 1-minute walk to Miracle On Fourth Street Park

About This Home

Introducing one of the largest 4-unit properties in the highly sought-after Alamitos Beach neighborhood of Long Beach. Built in 1987, this spacious building offers over 5,477 sq. ft. of living space, in-unit laundry, and 9 ground-level parking spaces—a rare and valuable amenity in the area. The generous units currently generate strong rental income, and a non-conforming “bonus” 5th unit provides additional income potential. Perfect for an owner-occupant or investor seeking a well-maintained building just four blocks from the ocean, this property combines location, size, and income opportunity in one exceptional package.

Listing Agent

Juan Huizar

Sage Real Estate Group, Inc. Brokerage Phone: 562-307-0838 License #01417642 Listed on: 08/19/2025

Co-Listing Agent

Cody Charnell

Sage Real Estate Group, Inc. Brokerage Phone: 562-307-0838 License #01950585

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,120

Year Built

  • Built in 1987

Lot Details

  • 4,238 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 9 Car Garage

Home Design

  • Apartment
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 5,477 Sq Ft Home
  • 3-Story Property
  • Vinyl Flooring

Kitchen

  • Gas Oven
  • Gas Range
  • Granite Countertops

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 576
  • Assessor Parcel Number 7275007015
  • $982 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • Alamitos Beach Subdivision

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,829
  • Insurance Expense $4,800
  • Trash Expense $2,481
  • Water Sewer Expense $2,544
  • New Taxes Expense $24,375
  • Operating Expense $50,361
  • Gross Income $148,526
  • Net Operating Income $98,166

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,120

Year Built

Built in 1987

Lot Details

0

Parking

9

Listing Details

  • CapRate: 5.00
  • Price Per Unit: 487500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: No
  • Water Sewer Expenses: 2543.90
  • Zoning: LBR1N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7275007015
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Stories: 3
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One, Two, Three Or More
  • Price Per Square Foot: 356.03

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 9.00
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Refrigerator, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2481.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4238.00
  • Lot Size Acres: 0.0973

Multi Family

  • Electric Expense: 1829.10
  • Gross Multiplier: 12.74
  • Gross Operating Income: 148526.00
  • Gross Scheduled Income: 153120.00
  • Insurance Expense: 4800.00
  • Lot Size Area: 4238.0000 Square Feet
  • Net Operating Income: 98166.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 4
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 34.00
  • Rent Control: Yes
  • Total Actual Rent: 12505.00
  • Total Expenses: 50361.00
  • Vacancy Allowance: 4594
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 24375.00
  • Tax Census Tract: 5765.02
  • Tax Lot: 1
  • Tax Tract Number: 576...
  • TaxOtherAnnualAssessmentAmount: 982.00

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 $21,120 $1,649,847 $1,137,827 $512,020
2024 $21,120 $1,617,498 $1,115,517 $501,981
2023 $20,770 $1,585,784 $1,093,645 $492,139
2022 $19,495 $1,554,691 $1,072,201 $482,490
2021 $19,099 $1,524,208 $1,051,178 $473,030
2019 $18,828 $1,483,500 $1,020,000 $463,500
2018 $18,344 $1,454,500 $1,000,000 $454,500
2016 $6,149 $467,766 $137,575 $330,191
2015 $5,915 $460,741 $135,509 $325,232
2014 $5,892 $451,717 $132,855 $318,862
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2025 08/19/25 For Sale $1,950,000 +34.5% $356 / Sq Ft
09/22/2017 09/22/17 Sold $1,450,000 0.0% $265 / Sq Ft
06/19/2017 06/19/17 Pending -- -- --
06/15/2017 06/15/17 For Sale $1,450,000 -- $265 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- North American Title Company
Grant Deed $1,450,000 North American Title Company
Interfamily Deed Transfer -- North American Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- North American Title Ins Co
Interfamily Deed Transfer -- North American Title Co
Grant Deed -- Benefit Land Title Company
Grant Deed -- Benefit Land Title Company
Grant Deed -- Stewart Title
Interfamily Deed Transfer -- Stewart Title
Trustee Deed $354,540 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,072,500 New Conventional
Previous Owner $1,450,000 New Conventional
Previous Owner $478,000 New Conventional
Previous Owner $495,000 New Conventional
Previous Owner $505,000 Unknown
Previous Owner $385,000 Unknown
Previous Owner $297,000 Unknown
Previous Owner $272,000 No Value Available
Previous Owner $199,000 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25180812

California Regional Multiple Listing Service (CRMLS)

APN: 7275-007-015