$1,195,000

Estimated payment $6,828/month

Total Views 882
8 Beds
6 Baths
3,609 Sq Ft
$331 Price per Sq Ft

Highlights

  • Contemporary Architecture
  • No HOA
  • West Facing Home
  • Wood Flooring
  • Laundry Room
  • Rectangular Lot

About This Home

Great 4-plex in North Long Beach tucked on a tree lined street with 3,609 rentable square feet on a 7,534 square foot lot. Excellent unit mix with a front stand-alone 2 bed/1 bath house featuring new vinyl flooring along with laundry hookups in the kitchen plus two back town house style units (2 bed/1.5 bath and 2 bed/2 bath) and a 4th apartment (2 bed/1 bath). Strong in-place income with an 11.9 GRM and a 4.5% cap rate with a 19.4% upside to rents and a market cap rate of 5.9%. (4) separate garages for off-site parking, additional income, or ADU potential. The roof was replaced in 2025 and there were recent electrical upgrades to the main disconnect and service entrance. Easy access to the 710 freeway being just blocks away. Less than a mile from Bixby Knolls dining and shopping. Walkable immediate neighborhood, just blocks from The Pan, CVS, and McDonald’s, and other retail.

Listing Agent

Anthony Walker

Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #01908153 Listed on: 05/08/2026

Co-Listing Agent

Josh Ess

Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #02035659

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,534 Sq Ft Lot
  • Two or More Common Walls
  • West Facing Home
  • Vinyl Fence
  • Wood Fence
  • Rectangular Lot

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Contemporary Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,609 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 5090
  • Assessor Parcel Number 7132014019
  • $1,024 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units
  • North Long Beach Subdivision

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $10,642
  • Maintenance Expense $4,774
  • Pest Control $829
  • Professional Management Expense $5,729
  • Water Sewer Expense $2,811
  • New Taxes Expense $14,938
  • Operating Expense $41,499
  • Gross Income $100,500
  • Net Operating Income $53,976

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

7,534 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.50
  • Professional Management Expense: 5729.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Water Sewer Expenses: 2811.00
  • Architectural Style: Contemporary
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7132014019
  • Year Built: 1963
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 331.12

Exterior Features

  • Direction Faces: West
  • Foundation: Raised, Slab
  • Fence: Yes
  • Fencing: Vinyl, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Pest Control Expense: 829.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 7534.00
  • Lot Size Acres: 0.1730

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Gross Income: 100500.00
  • Gross Multiplier: 11.89
  • Gross Operating Income: 95475.00
  • Gross Scheduled Income: 100500.00
  • Insurance Expense: 10642.00
  • Lot Size Area: 7534.0000 Square Feet
  • Maintenance Expense: 4774.00
  • Net Operating Income: 53976.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 41499.00
  • Rent Control: Yes
  • Total Actual Rent: 8375.00
  • Total Expenses: 41499.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 14938.00
  • Tax Lot: 17
  • Tax Tract Number: 5090
  • TaxOtherAnnualAssessmentAmount: 1024.00

Map

Range of Values:

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Value Increase
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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 $5,836 $379,205 $104,908 $274,297
2024 $5,571 $371,770 $102,851 $268,919
2023 $5,474 $364,482 $100,835 $263,647
2022 $5,162 $357,336 $98,858 $258,478
2021 $5,037 $350,330 $96,920 $253,410
2020 $5,022 $346,739 $95,927 $250,812
2019 $4,966 $339,942 $94,047 $245,895
2018 $4,729 $333,277 $92,203 $241,074
2016 $4,341 $320,338 $88,624 $231,714
2015 $4,180 $315,527 $87,293 $228,234
2014 $4,173 $309,348 $85,584 $223,764
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2026 05/08/26 For Sale $1,195,000 -- $331 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase 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 Type Sale Price Title Company
Grant Deed -- --
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB26098969

California Regional Multiple Listing Service (CRMLS)

APN: 7132-014-019

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