405 E Esther St Long Beach, CA 90813
Central NeighborhoodEstimated payment $12,172/month
Highlights
- Ceiling Fan
- Long Beach Polytechnic High School Rated A
- 3-minute walk to Pacific Coast Highway Station
About This Home
405 E. Esther Street is a well-maintained, cash-flowing seven-unit multifamily asset located in a desirable Long Beach neighborhood with strong rental demand. The property features a highly attractive unit mix comprised of one (1) spacious 6BD/2BA unit, three (3) 3BD/1BA units, two (2) 2BD/1BA units, and one (1) 1BD/1BA unit. The property also has a driveway with three parking spaces. Fully occupied with long-term, reliable residents, the investment offers immediate, durable income for new ownership while still providing the opportunity to capture significant rental upside through natural turnover and strategic renovations. The property presents an ideal blend of in-place stability and value-add potential in one of Southern California's most consistent and resilient rental markets.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Parking
- Driveway
Interior Spaces
- 4,252 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Additional Features
- 6,752 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
- 3 Buildings
- 7 Units
Listing and Financial Details
- Assessor Parcel Number 7269-020-023
Map
Home Values in the Area
Average Home Value in this Area
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 | $25,388 | $1,975,436 | $649,458 | $1,325,978 |
| 2024 | $25,388 | $1,936,703 | $636,724 | $1,299,979 |
| 2023 | $24,957 | $1,898,730 | $624,240 | $1,274,490 |
| 2022 | $23,424 | $1,861,500 | $612,000 | $1,249,500 |
| 2021 | $18,097 | $1,417,029 | $515,283 | $901,746 |
| 2020 | $18,050 | $1,402,500 | $510,000 | $892,500 |
| 2019 | $17,838 | $1,375,000 | $500,000 | $875,000 |
| 2018 | $11,638 | $876,698 | $316,879 | $559,819 |
| 2016 | $10,709 | $842,657 | $304,575 | $538,082 |
| 2015 | $10,290 | $830,000 | $300,000 | $530,000 |
| 2014 | $11,609 | $933,658 | $436,093 | $497,565 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/22/2025 12/22/25 | For Sale | $1,925,000 | +5.5% | $453 / Sq Ft | |
| 02/05/2021 02/05/21 | Sold | $1,825,000 | -1.4% | $429 / Sq Ft | View Prior Sale |
| 11/16/2020 11/16/20 | Pending | -- | -- | -- | |
| 09/05/2020 09/05/20 | For Sale | $1,850,000 | +34.5% | $435 / Sq Ft | |
| 11/30/2018 11/30/18 | Sold | $1,375,000 | -1.8% | $316 / Sq Ft | View Prior Sale |
| 05/15/2018 05/15/18 | For Sale | $1,400,000 | +68.7% | $322 / Sq Ft | |
| 10/15/2014 10/15/14 | Sold | $830,000 | -5.1% | $195 / Sq Ft | View Prior Sale |
| 06/26/2014 06/26/14 | Pending | -- | -- | -- | |
| 03/26/2014 03/26/14 | For Sale | $875,000 | 0.0% | $206 / Sq Ft | |
| 01/15/2014 01/15/14 | Rented | $1,100 | 0.0% | -- | |
| 01/13/2014 01/13/14 | Under Contract | -- | -- | -- | |
| 09/11/2012 09/11/12 | For Rent | $1,100 | 0.0% | -- | |
| 02/08/2012 02/08/12 | Rented | $1,100 | 0.0% | -- | |
| 02/08/2012 02/08/12 | Under Contract | -- | -- | -- | |
| 10/03/2011 10/03/11 | For Rent | $1,100 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,375,000 | Fidelity National Title | |
| Grant Deed | $830,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Grant Deed | -- | First American Title Ins Co | |
| Bargain Sale Deed | -- | None Available | |
| Individual Deed | $805,000 | Southland Title Company | |
| Grant Deed | $300,000 | North American Title | |
| Grant Deed | $250,000 | Provident Title | |
| Grant Deed | -- | Provident Title | |
| Grant Deed | -- | -- | |
| Trustee Deed | $13,235 | North American Title Co | |
| Grant Deed | $262,000 | Provident Title Company | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | -- | |
| Grant Deed | $35,000 | -- | |
| Trustee Deed | $169,883 | Fidelity National Title Ins | |
| Interfamily Deed Transfer | -- | First American Title | |
| Corporate Deed | $150,000 | Old Republic Title Company | |
| Trustee Deed | $302,707 | North American Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $8,675,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $610,000 | Commercial | |
| Previous Owner | $680,000 | Commercial | |
| Previous Owner | $532,500 | Commercial | |
| Previous Owner | $357,500 | Commercial | |
| Previous Owner | $225,000 | Seller Take Back | |
| Previous Owner | $37,866 | Seller Take Back | |
| Previous Owner | $259,325 | Seller Take Back | |
| Previous Owner | $209,000 | Seller Take Back | |
| Previous Owner | $145,000 | Commercial | |
| Closed | $11,000 | No Value Available | |
| Closed | $71,000 | No Value Available |
Source: The MLS
MLS Number: 25630311
APN: 7269-020-023
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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