$1,605,000
SOLD APR 29, 2026
14 Beds
7 Baths
5,707 Sq Ft
7,501 Sq Ft Lot Lot

Sale Details

Date Sold: April 29, 2026

$281 Per Sq Ft

7% Above List Price

Highlights

  • 0.17 Acre Lot
  • No HOA
  • Chain Link Fence
  • Long Beach Polytechnic High School Rated A
  • Rectangular Lot

About This Home

As of April 2026

Huge 6 unit campus property with three large units in front, Craftsman bungalow in the middle, and two brand new 2025 construction ADUs in the rear totalling 5707 rentable square feet on a 7500 square foot lot. Great unit mix averaging 950 square feet with one 5 bed, 2 bath unit, four 2 bed, 1 bath units, and one 1 bed, 1 bath unit. Aggressively priced at $262/square foot, 9.8X GRM and 6.2% cap rate on actual rents plus an 8% upside to 9X GRM and 6.9% cap rate on market rents. Brand new electrical main panel. Skip the smaller properties and go straight to commercial positive leverage with rates in the high 5%'s and a 6.2% cap rate on actual rents. Great location right in Downtown Long Beach just North of the East Village Arts District. Blocks away from St. Mary's hospital, Museum of Latin American Art, rail lines, and $8 billion of new development. Only 7 blocks to the beach.

Last Agent to Sell the Property

Anthony Walker

Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #01908153 Listed on: 05/22/2026

Co-Listed By

Josh Ess

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

Last Buyer's Agent

Ceylan Tecimer

Beverly & Company Luxury Properties License #01462866

Beverly & Company Luxury Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 7,501 Sq Ft Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Rectangular Lot

Home Design

  • Apartment
  • Entry on the 1st floor
  • Flat Roof Shape
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,707 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Available
  • Paved Parking

Additional Features

  • Suburban Location
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 1 / 26
  • Tax Tract Number 5763
  • Assessor Parcel Number 7274020007
  • $1,266 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units
  • Downtown Subdivision

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $2,013
  • Gardener Expense $2,315
  • Insurance Expense $7,134
  • Maintenance Expense $4,095
  • Pest Control $783
  • Professional Management Expense $7,251
  • Trash Expense $2,447
  • Water Sewer Expense $7,404
  • New Taxes Expense $18,688
  • Operating Expense $52,774
  • Gross Income $152,016
  • Net Operating Income $92,241

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

7,501 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 6.20
  • Professional Management Expense: 7251.00
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 7404.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2315.00
  • Parcel Number: 7274020007
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 281.23

Exterior Features

  • Foundation: Raised, Slab
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition, Flat
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Paved
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Electricity Connected, Water Connected
  • Laundry: No
  • Electric: Standard
  • Pest Control Expense: 783.00
  • Sewer: Public Sewer
  • Trash Expense: 2447.00
  • 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: 7501.00
  • Lot Size Acres: 0.1722

Multi Family

  • Fuel Expense: 2013.00
  • Gross Income: 152016.00
  • Gross Multiplier: 9.80
  • Gross Operating Income: 144415.00
  • Gross Scheduled Income: 152016.00
  • Insurance Expense: 7134.00
  • Lot Size Area: 7501.0000 Square Feet
  • Maintenance Expense: 4095.00
  • Net Operating Income: 92241.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 52774.00
  • Other Income1: 600.00
  • Other Income Description: Pet Rent
  • Rent Control: Yes
  • Total Actual Rent: 12718.00
  • Total Expenses: 52774.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 18688.00
  • Tax Block: 26
  • Tax Census Tract: 5763.02
  • Tax Lot: 1
  • Tax Tract Number: 5763.02
  • TaxOtherAnnualAssessmentAmount: 1266.00

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2026
Closed on
Apr 10, 2026
Sold by
Bought by
Seller's Agent
Anthony Walker
Buckingham Investments, Inc
Buyer's Agent
Ceylan Tecimer
Beverly & Company Luxury Properties
List Price
$1,495,000
Sold Price
$1,605,000
Premium/Discount to List
$110,000
7.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-54.50%
Original Mortgage
$1,070,000
Outstanding Balance
$1,068,979
Interest Rate
6.22%
Mortgage Type
New Conventional
Estimated Equity
$357,203

Purchase Details

Closed on
May 22, 2025
Sold by
Bought by

Purchase Details

Closed on
Apr 22, 2022
Sold by
Bought by

Purchase Details

Listed on
Sep 23, 2015
Closed on
Sep 2, 2016
Sold by
Bought by
Seller's Agent
Cindy Ludwig
First Team Real Estate
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$1,100,000
Sold Price
$900,000
Premium/Discount to List
-$200,000
-18.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.82%
Original Mortgage
$585,000
Interest Rate
2.35%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 23, 2015
Closed on
Aug 17, 2016
Sold by
Bought by
Seller's Agent
Cindy Ludwig
First Team Real Estate
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$1,100,000
Sold Price
$900,000
Premium/Discount to List
-$200,000
-18.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
2.35%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 13, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$691,600
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$691,600
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 4, 2002
Sold by
Bought by

Purchase Details

Closed on
Nov 17, 1998
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $1,605,000 Commonwealth Land Title Compan
Grant Deed -- None Listed On Document
Grant Deed -- None Listed On Document
Grant Deed -- None Listed On Document
Interfamily Deed Transfer -- Ticor Title Company
Grant Deed $900,000 Ticor Title
Grant Deed $990,000 North American Title Co
Interfamily Deed Transfer -- North American Title Co
Grant Deed $765,000 Fidelity National Title Comp
Grant Deed $575,000 Lawyers Title
Grant Deed -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Open $1,070,000 New Conventional
Previous Owner $585,000 Adjustable Rate Mortgage/ARM
Previous Owner $691,600 Purchase Money Mortgage
Previous Owner $612,000 Purchase Money Mortgage
Previous Owner $500,000 Purchase Money Mortgage
Closed $114,750 No Value Available
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft Prior Sale
05/22/2026 05/22/26 For Sale $1,495,000 -6.9% $262 / Sq Ft
04/29/2026 04/29/26 Sold $1,605,000 +78.3% $281 / Sq Ft
03/12/2026 03/12/26 Pending -- -- --
09/13/2016 09/13/16 Sold $900,000 -18.2% $196 / Sq Ft View Prior Sale
09/23/2015 09/23/15 For Sale $1,100,000 -- $239 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax 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.

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 $14,650 $1,044,521 $731,166 $313,355
2024 $13,998 $1,024,041 $716,830 $307,211
2023 $13,758 $1,003,963 $702,775 $301,188
2022 $12,822 $984,279 $688,996 $295,283
2021 $12,445 $964,981 $675,487 $289,494
2020 $12,411 $955,087 $668,561 $286,526
2019 $12,268 $936,360 $655,452 $280,908
2018 $11,845 $918,000 $642,600 $275,400
2016 $14,157 $1,165,594 $571,081 $594,513
2015 $13,588 $1,148,086 $562,503 $585,583
2014 $13,496 $1,125,598 $551,485 $574,113
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB26112026

California Regional Multiple Listing Service (CRMLS)

APN: 7274-020-007

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