Seller's Agent in 2025
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
9 in this area
86 Total Sales
573 Nebraska Ave Long Beach, CA 90802
North Alamitos Beach Neighborhood
8
Beds
7
Baths
4,800
Sq Ft
7,388
Sq Ft Lot
Highlights
- 0.17 Acre Lot
- No HOA
- Rectangular Lot
- Long Beach Polytechnic High School Rated A
- East Facing Home
About This Home
As of November 2025Huge 1960's construction 4 unit in 5 blocks to the beach with all townhome style units. Extra large owner's unit currently configured as 2 beds and 2 baths, but originally 3 beds with primary suites. Three other large two story 2 bedroom units, one with 1 bath, and two with 2 baths. 2 out of 4 units recently remodeled with vinyl floors, new kitchens, and bathrooms. Large lot with 5 garages spaces plus extra square footage in the rear. Very attractive metrics at $291/square foot, 12.3X GRM on actuals with a significant 16% upside to 10.5X GRM and a market cap rate of 5.8%. Ideal location in the heart of Alamitos Beach only 5 blocks to the sand. 3 blocks from Downtown Long Beach's East Village Arts District with numerous restaurants, retail, and entertainment options. Over $8 Billion in new development in the immediate vicinity. 63% of households within 5 miles are renters with an average household income of $98,000+ (per CoStar research).
Last Agent to Sell the Property
Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #01908153 Listed on: 10/03/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1967
Lot Details
- 7,387 Sq Ft Lot
- Two or More Common Walls
- East Facing Home
- Rectangular Lot
Parking
- 5 Car Garage
- Parking Available
- Front Facing Garage
Home Design
- Quadruplex
- Entry on the 1st floor
- Composition Roof
Interior Spaces
- 4,800 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 7 Bathrooms
Additional Features
- Suburban Location
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 17
- Tax Tract Number 2765
- Assessor Parcel Number 7266016024
- $1,039 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- Downtown Subdivision
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,066
- Gardener Expense $840
- Insurance Expense $6,000
- Maintenance Expense $5,396
- Pest Control $792
- Professional Management Expense $5,847
- Trash Expense $2,031
- Water Sewer Expense $1,842
- New Taxes Expense $17,438
- Operating Expense $42,710
- Gross Income $113,604
- Net Operating Income $65,214
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 3, 2025
Closed on
Oct 21, 2025
Sold by
Fig Thomas 573 Llc
Bought by
Cordero Nicholas and Katigbak Sabrina
Seller's Agent
Anthony Walker
Buckingham Investments, Inc
Buyer's Agent
Nicholas Cordero
Sage Real Estate Group, Inc.
List Price
$1,395,000
Sold Price
$1,392,000
Premium/Discount to List
-$3,000
-0.22%
Views
40
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,857
Avg. Annual Appreciation
8.93%
Original Mortgage
$1,322,400
Outstanding Balance
$1,322,400
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$115,610
Purchase Details
Closed on
May 22, 2025
Sold by
Adams Amin Family Trust and Adams Joerg Michael
Bought by
Fig Thomas 573 Llc
Purchase Details
Listed on
Jun 3, 2016
Closed on
Oct 7, 2016
Sold by
Choy Marianne
Bought by
Adams Joerg Michael
Seller's Agent
Marty Stone
BUCKINGHAM INVESTMENTS
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$1,095,000
Sold Price
$1,000,000
Premium/Discount to List
-$95,000
-8.68%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.92%
Original Mortgage
$650,000
Interest Rate
2.45%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Jun 3, 2016
Closed on
Sep 15, 2016
Sold by
Amin Puja B
Bought by
Adams Joerg Michael
Seller's Agent
Marty Stone
BUCKINGHAM INVESTMENTS
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$1,095,000
Sold Price
$1,000,000
Premium/Discount to List
-$95,000
-8.68%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
2.45%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Oct 12, 2001
Sold by
Shook Nancy N and Nancy N Shook 1989 Trust
Bought by
Choy Marianne
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
7.02%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,392,000 | Commonwealth Land Title Compan | |
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $1,000,000 | Progressive Title Company | |
| Quit Claim Deed | -- | Progressive Title Company | |
| Grant Deed | $390,000 | Gateway Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,322,400 | New Conventional | |
| Previous Owner | $650,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $312,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/07/2025 11/07/25 | Sold | $1,392,000 | -0.2% | $290 / Sq Ft | |
| 10/03/2025 10/03/25 | For Sale | $1,395,000 | +39.5% | $291 / Sq Ft | |
| 10/14/2016 10/14/16 | Sold | $1,000,000 | -8.7% | $208 / Sq Ft | View Prior Sale |
| 09/30/2016 09/30/16 | Pending | -- | -- | -- | |
| 05/17/2016 05/17/16 | For Sale | $1,095,000 | -- | $228 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $15,172 | $1,160,580 | $812,407 | $348,173 |
| 2024 | $15,172 | $1,137,825 | $796,478 | $341,347 |
| 2023 | $14,920 | $1,115,515 | $780,861 | $334,654 |
| 2022 | $14,017 | $1,093,643 | $765,550 | $328,093 |
| 2021 | $13,725 | $1,072,200 | $750,540 | $321,660 |
| 2019 | $13,531 | $1,040,400 | $728,280 | $312,120 |
| 2018 | $13,087 | $1,020,000 | $714,000 | $306,000 |
| 2016 | $6,315 | $486,682 | $127,283 | $359,399 |
| 2015 | $6,073 | $479,373 | $125,372 | $354,001 |
| 2014 | $6,049 | $469,984 | $122,917 | $347,067 |
Source: Public Records
Agents Affiliated with this Home
-
Anthony Walker
-
Josh Ess
Seller Co-Listing Agent in 2025
Josh Ess
Buckingham Investments, Inc
(310) 982-7055
2 in this area
41 Total Sales
-
Nicholas Cordero
N
Buyer's Agent in 2025
Nicholas Cordero
Sage Real Estate Group, Inc.
(626) 678-3546
1 in this area
3 Total Sales
-
Marty Stone
Seller's Agent in 2016
Marty Stone
BUCKINGHAM INVESTMENTS
(310) 322-9763
1 in this area
6 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25232214
APN: 7266-016-024
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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