$1,349,000

Estimated payment $8,229/month

Total Views 1,170
12 Beds
6 Baths
4,008 Sq Ft
$337 Price per Sq Ft

Highlights

  • Laundry Facilities
  • Long Beach Polytechnic High School Rated A
  • 4-minute walk to Martin Luther King Jr Park

About This Home

Priced to sell at 9.8 GRM with upside to 8.9 GRM and a 7.7% CAP. 6 units located in Long Beach NOT subject to local rent control, just AB 1482 (max increase of 5% + CPI). All 2/1's. Electrical was updated in 2024. The property was updated in 2019 throughout and is professionally managed and well maintained. Property has onsite laundry and 4 parking spaces which are rented to tenants. Qualified Buyers can put down as little as 25%. EARN OVER A 11% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Email Listing Agent for more info including a Rent Roll and OM.

Listing Agent

Jon Swire

The Agency License #01336277 Listed on: 01/22/2026

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Interior Spaces

  • 4,008 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Assigned Parking

Additional Features

  • 7,503 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 7210-012-024

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4008
  • Lot Acreage: 0.1722
  • Stories: 2
  • Year Built: 1959
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Laundry: Community
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 336.58

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 4
  • Parking Garage: Assigned
  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 63.29
  • Assessed Improvement Value: 700410
  • Assessed Land Percent: 36.71
  • Assessed Land Value: 406201
  • Total Assessed Value: 1106611
  • Assessor Parcel Number: 7210-012-024
  • Lot Size Area: 7503

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 9.80
  • Number Of Units: 6
  • Type Of Units: Income

Map

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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 $14,689 $1,106,611 $406,201 $700,410
2024 $14,689 $1,084,914 $398,237 $686,677
2023 $14,436 $1,063,642 $390,429 $673,213
2022 $13,565 $1,042,787 $382,774 $660,013
2021 $13,279 $1,022,341 $375,269 $647,072
2019 $13,090 $992,021 $364,140 $627,881
2018 $12,683 $972,570 $357,000 $615,570
2016 $4,538 $318,090 $137,022 $181,068
2015 $4,374 $313,313 $134,964 $178,349
2014 $4,378 $307,177 $132,321 $174,856
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/22/2026 01/22/26 For Sale $1,349,000 0.0% $337 / Sq Ft
01/14/2026 01/14/26 Off Market $1,349,000 -- --
01/08/2026 01/08/26 For Sale $1,349,000 +38.4% $337 / Sq Ft
10/06/2016 10/06/16 Sold $975,000 0.0% $243 / Sq Ft View Prior Sale
06/13/2016 06/13/16 For Sale $975,000 -- $243 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 26635163

The MLS