NOT LISTED FOR SALE
12 Beds
8 Baths
5,119 Sq Ft
6,751 Sq Ft Lot Lot

Sale Details

Date Sold: May 9, 2025

Last sale price $2,400,000 $469 Per Sq Ft

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

6,751 Sq Ft Lot

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $35,641 $2,677,240 $1,874,069 $803,171
2024 $34,110 $2,624,746 $1,837,323 $787,423
2023 $33,534 $2,573,282 $1,801,298 $771,984
2022 $31,465 $2,522,827 $1,765,979 $756,848
2021 $30,843 $2,473,360 $1,731,352 $742,008
2020 $30,764 $2,448,980 $1,713,600 $735,380
2019 $30,402 $2,400,980 $1,680,000 $720,980
2018 $16,377 $1,256,398 $876,629 $379,769
2016 $15,067 $1,206,671 $842,590 $364,081
2015 $14,472 $1,188,547 $829,934 $358,613
2014 $14,396 $1,165,266 $813,677 $351,589
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25497543

The MLS
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