Seller's Agent in 2025
George Bustamante
Coldwell Banker Commercial
(562) 326-5043
1 in this area
42 Total Sales
We are pleased to present an 8-unit apartment building in Long Beach, California. Built in 1961, this property offers 6,300 rentable square feet on a 7,210-square-foot lot. The unit mix includes four 1-bedroom/1-bathroom units and four 2-bedroom/1-bathroom units. All eight units have been upgraded, and the entire building features copper plumbing. Additional improvements include a roof repair completed in 2022 and updated electrical panels replaced in 2023. The property is separately metered for electricity and gas, with additional income generated from an onsite laundry facility. Residents also benefit from eight dedicated parking spaces. Situated in the desirable Lakewood Village neighborhood, the property is conveniently located near shopping, dining, Long Beach City College, California State University Long Beach, and Long Beach Airport. Long Beach is undergoing significant redevelopment, with the $4.4 billion expansion of the Long Beach Port expected to create 14,000 new permanent jobs in Southern California. Additionally, the city is experiencing a construction boom, with over $5 billion in private and public investments currently in progress. The new $520 million Long Beach Civic Center now houses City Hall, the Port of Long Beach headquarters, and the Main Library. With its strong economy, high quality of life, and ongoing revitalization, Long Beach remains an attractive rental market. This property boasts a history of high occupancy and offers significant upside potential for rental income.
Last Agent to Sell the Property
Coldwell Banker Commercial Brokerage Phone: 714-856-7017 License #01484265 Listed on: 02/07/2025
Co-Listed By
Coldwell Banker Commercial Brokerage Phone: 714-856-7017 License #00499477
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/04/2025 11/04/25 | Sold | $2,450,000 | -1.6% | $389 / Sq Ft | |
| 09/24/2025 09/24/25 | Pending | -- | -- | -- | |
| 06/05/2025 06/05/25 | Price Changed | $2,490,000 | -2.4% | $395 / Sq Ft | |
| 03/25/2025 03/25/25 | Price Changed | $2,550,000 | +900.0% | $405 / Sq Ft | |
| 03/25/2025 03/25/25 | Price Changed | $255,000 | -90.3% | $40 / Sq Ft | |
| 02/07/2025 02/07/25 | For Sale | $2,625,000 | +31.3% | $417 / Sq Ft | |
| 02/20/2020 02/20/20 | Sold | $2,000,000 | +5.5% | $317 / Sq Ft | View Prior Sale |
| 11/09/2019 11/09/19 | Pending | -- | -- | -- | |
| 11/02/2019 11/02/19 | For Sale | $1,895,000 | 0.0% | $300 / Sq Ft | |
| 10/24/2019 10/24/19 | Pending | -- | -- | -- | |
| 10/17/2019 10/17/19 | For Sale | $1,895,000 | -- | $300 / Sq Ft |
| 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 | $28,252 | $2,187,288 | $1,312,373 | $874,915 |
| 2024 | $28,252 | $2,144,401 | $1,286,641 | $857,760 |
| 2023 | $27,773 | $2,102,355 | $1,261,413 | $840,942 |
| 2022 | $26,069 | $2,061,133 | $1,236,680 | $824,453 |
| 2021 | $25,537 | $2,020,720 | $1,212,432 | $808,288 |
| 2020 | $20,635 | $1,597,383 | $840,727 | $756,656 |
| 2019 | $20,394 | $1,566,063 | $824,243 | $741,820 |
| 2018 | $19,831 | $1,535,357 | $808,082 | $727,275 |
| 2016 | $18,232 | $1,475,739 | $776,704 | $699,035 |
| 2015 | $17,507 | $1,453,573 | $765,038 | $688,535 |
| 2014 | $17,403 | $1,425,100 | $750,052 | $675,048 |
Seller's Agent in 2025
George Bustamante
Coldwell Banker Commercial
(562) 326-5043
1 in this area
42 Total Sales
Seller Co-Listing Agent in 2025
Steve Warshauer
Coldwell Banker Commercial
(562) 495-6070
1 in this area
21 Total Sales
Buyer's Agent in 2025
Steve Nader
Beach Team
(562) 673-7831
1 in this area
100 Total Sales
E
Seller's Agent in 2020
Ed Soule
Ed Soule, Broker
Buyer's Agent in 2020
Steve Landsberg
RE/MAX
(562) 547-2431
31 Total Sales
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25028496