$1,599,000

Estimated payment $10,633/month

Total Views 531
2 Beds
8 Baths
4,001 Sq Ft
$400 Price per Sq Ft

Highlights

  • 0.06 Acre Lot
  • No HOA
  • Security Fence
  • Wood Flooring
  • Floor Furnace

About This Home

8-unit apartment building located in Downtown Long Beach. The property features a unit mix of (6) studios and (2) 1-bed/1-bath units, all with upgraded interiors. The building has been well maintained and has upgraded electrical panels. There is also a well sized basement with potential to be converted into a common area laundry room. Located on a corner lot with good visibility and access to local amenities, employment centers, and the 710 Freeway. Downtown Long Beach continues to see new development, supporting rental demand. Opportunity for stable cash flow with additional upside through rental increases.

Listing Agent

Cody Charnell

Sage Real Estate Group, Inc. Brokerage Phone: 562-896-3851 License #01950585 Listed on: 04/15/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 2,534 Sq Ft Lot
  • Two or More Common Walls
  • Security Fence
  • Density is 6-10 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,001 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 8 Bathrooms

Location

  • Urban Location

Utilities

  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 18 / 37
  • Tax Tract Number 5759
  • Assessor Parcel Number 7272023022
  • $1,439 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Downtown Subdivision

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $29
  • Fuel Expense $706
  • Insurance Expense $8,000
  • Professional Management Expense $8,865
  • Trash Expense $250
  • Water Sewer Expense $1,380
  • Operating Expense $52,431
  • Gross Income $149,397
  • Net Operating Income $147,744

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

2,534 Sq Ft Lot

Listing Details

  • CapRate: 6.20
  • Professional Management Expense: 8865.00
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • View: No
  • Water Sewer Expenses: 1380.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7272023022
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 399.65

Exterior Features

  • Foundation: Concrete Perimeter
  • Fence: Yes
  • Fencing: Security
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Floor Furnace, Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 250.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 2534.00
  • Lot Size Acres: 0.0582

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Electric Expense: 29.01
  • Fuel Expense: 706.00
  • Gross Multiplier: 10.28
  • Gross Operating Income: 149397.00
  • Gross Scheduled Income: 157260.00
  • Insurance Expense: 8000.00
  • Lot Size Area: 2534.0000 Square Feet
  • Net Operating Income: 147744.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Number With Range: 8
  • Operating Expense: 48521.00
  • Rent Control: Yes
  • Total Expenses: 52431.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Block: 37
  • Tax Lot: 18
  • Tax Tract Number: 5759
  • TaxOtherAnnualAssessmentAmount: 1439.00

Map

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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 $25,864 $2,016,294 $1,310,591 $705,703
2024 $25,864 $1,976,760 $1,284,894 $691,866
2023 $25,419 $1,938,000 $1,259,700 $678,300
2022 $23,850 $1,900,000 $1,235,000 $665,000
2021 $17,730 $1,389,244 $899,220 $490,024
2019 $6,781 $465,045 $298,830 $166,215
2018 $6,611 $455,943 $292,971 $162,972
2016 $6,085 $437,452 $281,596 $155,856
2015 $5,860 $430,882 $277,367 $153,515
2014 $5,860 $422,442 $271,934 $150,508
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2026 04/15/26 For Sale $1,599,000 -- $400 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW26080272

California Regional Multiple Listing Service (CRMLS)
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