$2,400,000
SOLD MAY 9, 2025
12 Beds
8 Baths
5,119 Sq Ft
6,751 Sq Ft Lot

Recently Sold

$469 Per Sq Ft

2% Above List Price

48 Days on Market

About This Home

As of May 2025

PRICED TO SELL. 8 units on the Eastside of Long Beach in Belmont Heights - heavily remodeled in 2019 - over $400K in CAP EX spent. 11.4 GRM And 5.8% CAP against in-place rents. Excellent unit mix for the area with 1 and 2-bedroom units. 5 parking spaces in the rear (3 garages and 2 open). All units had new kitchens, baths, flooring, etc. in 2019. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). Exterior was updated in 2019 as well - new paint, windows, landscaping, lighting, etc. Put 30% Down. Excellent financing available for qualified Buyers - 5.25% 5-year fixed, fully amortized. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Last Agent to Sell the Property

Jon Swire

The Agency License #01336277 Listed on: 02/12/2025

The Agency

Last Buyer's Agent

Jon Swire

The Agency License #01336277 Listed on: 02/12/2025

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 6,751 Sq Ft Lot
  • Lot Dimensions are 50x135

Interior Spaces

  • 5,119 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 3 Parking Spaces
  • 3 Covered Spaces
  • Assigned Parking

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 7255-036-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5119
  • Lot Acreage: 0.1550
  • Lot Dimensions: 50x135
  • Stories: 2
  • Year Built: 1953
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 458.88

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 2
  • Covered Parking: 3
  • Parking Garage: Assigned
  • Total Parking: 3

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 787423
  • Assessed Land Percent: 70
  • Assessed Land Value: 1837323
  • Total Assessed Value: 2624746
  • Assessor Parcel Number: 7255-036-017
  • Lot Size Area: 6751

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 11.40
  • Number Of Units: 8
  • Type Of Units: Income

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/09/2025 05/09/25 Sold $2,400,000 +2.2% $469 / Sq Ft
02/12/2025 02/12/25 For Sale $2,349,000 -2.1% $459 / Sq Ft
09/20/2018 09/20/18 Sold $2,400,000 0.0% $469 / Sq Ft View Prior Sale
06/28/2018 06/28/18 Pending -- -- --
06/14/2018 06/14/18 For Sale $2,400,000 0.0% $469 / Sq Ft
06/13/2018 06/13/18 Off Market $2,400,000 -- --
03/20/2018 03/20/18 For Sale $2,400,000 -- $469 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25497543

The MLS