$4,990,000

Estimated payment $30,068/month

Total Views 7,614
5 Beds
6 Baths
3,686 Sq Ft
$1,354 Price per Sq Ft

Highlights

  • Ocean Front
  • Balcony
  • Outdoor Grill
  • Naples Bayside Academy Rated A
  • Built-In Features
  • Central Heating and Cooling System

About This Home

Occupying a corner lot on the sand, the property currently operates as a duplex containing a three-bedroom plus loft lower unit and a two-bedroom plus den upper unit, though a new owner may elect to combine the units to create one large single-family mansion. With Long Beach hosting several events in the 2028 Summer Olympics, in addition to the upcoming 2026 World Cup and 2027 Super Bowl in the area, demand for luxury short-term rentals may provide a dramatic increase in income for a new investor. The building was masterfully upgraded from 2021 to 2024, with nearly all major systems updated and replaced, including a brand new roof, newly replastered exterior, a largely new electrical system, a new beachfront balcony, new windows, several new plumbing lines, and a new pneumatic elevator. Even more impressively, the property's interior has been carefully reimagined with designer upgrades that add impressive flourishes to its international motif. Artemide lighting, a SMEG gas range, and custom-made hoods were all imported from Italy to adorn the living spaces that feature snow-white marble fireplace surrounds, a Toto electric water closet, a built-in Thermador refrigerator, and a floor-to- ceiling wine cooler. Built-in microwave drawers were designed into the kitchen cabinetry, with the lower unit housing a 22-foot kitchen countertop and the upper unit featuring a 15-foot kitchen island and vegetable sink. The exterior entertaining space includes an 18 by 13 foot outdoor porcelain kitchen with granite countertops that overlooks the ocean, along with a new outdoor shower featuring an original custom painted surfboard. An exquisite entry lobby leads residents to either of the two units and also provides access to the new see-through elevator, featuring a two-story glass wall with more ocean views. The property also includes a built-out two-car garage, offering rare parking for residents in this beach enclave. PLEASE CALL, TEXT, OR EMAIL LISTING AGENTS TO REQUEST A FULL MARKETING PACKAGE FEATURING MORE INFORMATION AND PHOTOGRAPHS.

Listing Agent

Rick Raymundo

Marcus & Millichap License #01357019 Listed on: 07/01/2025

Co-Listing Agent

Oscar Diaz

Marcus & Millichap License #02022902

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $35,169

Year Built

  • Built in 1962

Lot Details

  • 3,927 Sq Ft Lot
  • Ocean Front

Interior Spaces

  • 3,686 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Built-In Features
  • Ceiling Fan
  • Living Room with Fireplace
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Balcony
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 7245-029-015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$35,169

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3686
  • Lot Acreage: 0.0902
  • Stories: 2
  • Year Built: 1962
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Fireplace Rooms: Living Room
  • Bedrooms: 5
  • Laundry Equipment: Own
  • Total Bathrooms: 6.00
  • Equipment: Barbeque, Built-Ins, Ceiling Fan, Dishwasher, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer, Dryer, Elevator
  • Price Per S Q F T: 1353.77

Exterior Features

  • Other Features: Balcony
  • Other Structures: Other
  • View: Ocean
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 2

Utilities

  • Cooling: Central, Ceiling Fan, Air Conditioning
  • Heating: Central, Fireplace

Lot Info

  • Assessed Improvement Percent: 23.81
  • Assessed Improvement Value: 663255
  • Assessed Land Percent: 76.19
  • Assessed Land Value: 2122416
  • Total Assessed Value: 2785671
  • Assessor Parcel Number: 7245-029-015
  • Lot Location: Water Front, Ocean Front
  • Lot Size Area: 3927

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 25.99
  • Number Of Units: 2
  • Total Annual Expense: 72510
  • Type Of Units: Residential
  • Vacancy Rate: 100

Map

Range of Values:

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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 $35,169 $2,841,384 $2,164,864 $676,520
2024 $35,169 $2,785,671 $2,122,416 $663,255
2023 $34,592 $2,731,050 $2,080,800 $650,250
2022 $32,433 $2,677,500 $2,040,000 $637,500
2021 $31,822 $2,625,000 $2,000,000 $625,000
2020 $14,803 $1,187,156 $815,845 $371,311
2019 $14,631 $1,163,880 $799,849 $364,031
2018 $14,227 $1,141,060 $784,166 $356,894
2016 $13,071 $1,096,754 $753,717 $343,037
2015 $12,539 $1,080,281 $742,396 $337,885
2014 $12,441 $1,059,121 $727,854 $331,267
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 For Sale $4,990,000 +90.1% $1,354 / Sq Ft
09/30/2020 09/30/20 Sold $2,625,000 -6.1% $712 / Sq Ft
07/25/2020 07/25/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $2,795,000 0.0% $758 / Sq Ft
01/27/2018 01/27/18 Rented $5,500 +0.1% --
11/13/2017 11/13/17 Price Changed $5,495 -3.5% $2 / Sq Ft
10/05/2017 10/05/17 For Rent $5,695 +3.5% --
05/22/2015 05/22/15 Rented $5,500 0.0% --
05/22/2015 05/22/15 For Rent $5,500 -- --
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,625,000 Ticor Title
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,968,750 New Conventional
Previous Owner $1,410,400 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $150,000 Credit Line Revolving
Previous Owner $1,500,000 Negative Amortization
Previous Owner $1,162,500 Unknown
Previous Owner $1,000,000 Unknown
Previous Owner $866,000 Unknown
Source: Public Records

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Source: The MLS

MLS Number: 25557281

The MLS

APN: 7245-029-015