$1,199,198

Estimated payment $6,772/month

Total Views 2,997
5 Beds
3 Baths
2,315 Sq Ft
$518 Price per Sq Ft

Highlights

  • Fishing
  • Property is near a park
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • 1-minute walk to Craftsman Village Park

About This Home

Investors Delight Three-Unit Building in Sunny Long Beach CA** This property is just minutes from the beach and downtown Long Beach, this multi-unit property offers a unique investment opportunity or the perfect live/work arrangement. This sold-as-is building features three distinct units: **3-Bedroom, 1-Bathroom Unit**: This main unit is located at the front of the property and offers a spacious, open layout with modern finishes throughout. The large, well-appointed kitchen and inviting living areas create a perfect cozy family home. With its bright, airy atmosphere and functional design, it provides a comfortable and stylish living experience. **2-Bedroom, 1-Bathroom Unit**: A charming, cozy space perfect for tenants or a smaller family. The unit boasts updated features, ample natural light, and a functional floor plan, ensuring both comfort and convenience. **Owner’s Studio Unit**: A private and well-appointed studio, offering a peaceful retreat with a kitchenette, full bath, closet, and space to live comfortably while being steps from your rental income potential. Property includes two oversized two car garages with alley access and units above. Buyer can check with the city as there is a potential to add additional units for a potential 4 units.
Enjoy the best of coastal living, w/ the beach, dining, shopping, and entertainment. Whether you're looking to expand your investment portfolio or live in one unit while renting the others, this property offers endless possibilities. Don't miss out on this incredible opportunity in one of Long Beach’s most desirable locations.

Listing Agent

Michael Pelayo

Real Consultants Mortgage Real Brokerage Phone: 562-331-3633 License #02199038 Listed on: 07/02/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,856

Year Built

  • Built in 1913

Lot Details

  • 7,491 Sq Ft Lot
  • 1 Common Wall

Parking

  • 4 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Triplex

Interior Spaces

  • 2,315 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Property is near a park

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 5764
  • Assessor Parcel Number 7267024006
  • $593 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Recreation

  • Fishing
  • Park
  • Dog Park
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $5,950
  • Net Operating Income $5,950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,856

Year Built

Built in 1913

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 5623313633
  • Price Per Unit: 399733
  • Property Attached: Yes
  • Zoning: LBR2N
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7267024006
  • Year Built: 1913
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: main
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One, Two
  • Price Per Square Foot: 518.01

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Carport, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Fishing, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Park Nearby
  • Lot Size Sq Ft: 7491.00
  • Lot Size Acres: 0.1720

Multi Family

  • Gross Income: 5950.00
  • Gross Scheduled Income: 5950.00
  • Lot Size Area: 7491.0000 Square Feet
  • Net Operating Income: 5950.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5764.01
  • Tax Lot: 4
  • Tax Tract Number: 5764
  • TaxOtherAnnualAssessmentAmount: 593.00

Map

Range of Values:

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Average Value
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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 $2,856 $192,368 $27,675 $164,693
2024 $2,856 $188,597 $27,133 $161,464
2023 $2,807 $184,900 $26,601 $158,299
2022 $2,652 $181,276 $26,080 $155,196
2021 $2,585 $177,722 $25,569 $152,153
2020 $2,577 $175,900 $25,307 $150,593
2019 $2,547 $172,452 $24,811 $147,641
2018 $2,347 $169,072 $24,325 $144,747
2016 $2,146 $162,509 $23,382 $139,127
2015 $2,067 $160,069 $23,031 $137,038
2014 $2,064 $156,934 $22,580 $134,354
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2025 07/02/25 For Sale $1,199,198 -- $518 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $350,000 Negative Amortization
Closed $114,577 Unknown
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW25144450

California Regional Multiple Listing Service (CRMLS)

APN: 7267-024-006