High cash flow and easy to manage. Ideal investment property. Long term tenants. Full rent collection throughout the pandemic. The stability every investor is looking for. The subject property has a 3 bedroom/2 bathrooms detached home in the front. Rear building has one 4 bedrooms/ 2 bathrooms at the lower level and two 1 bedroom/1 bathroom units at upper level. On site parking spaces. Property sold as is. Buyer to verify all information, not limited to unit counts and unit size and total sf. Interior viewing subject to accepted offer.
Sold for $1,235,000
Listing Provided by: ILLUMINANT PROPERTIES
Bought with: ILLUMINANT PROPERTIES
$1,235,000
1116 E 16th St, Long Beach, CA 90813
9beds
6baths
3,270sqft
Quadruplex
Built in 1910
-- sqft lot
$1,276,800 Zestimate®
$378/sqft
$2,128 Estimated rent
Home value
$1,276,800
$1.17M - $1.39M
$2,128/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listing Provided by:
HERBERT HWANG DRE #01422491 626-423-9909,
ILLUMINANT PROPERTIES
Bought with:
HERBERT HWANG, DRE #01422491
ILLUMINANT PROPERTIES
Source: CRMLS,MLS#: WS22182162
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 6
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: None
Features
- Flooring: Laminate, Tile
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,270
- Total interior livable area: 3,270 sqft
Property
Parking
- Total spaces: 4
- Parking features: Assigned
- Uncovered spaces: 4
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Spa features: None
- Fencing: Wood,Wrought Iron
- Has view: Yes
- View description: None
Lot
- Size: 6,726 sqft
- Features: 6-10 Units/Acre
Details
- Parcel number: 7268022033
- Zoning: LBR34
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Roof: Asbestos Shingle,Composition,Flat
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Water Connected
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Long Beach
- Subdivision: Poly High (Ph)
Other
Other facts
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange,Submit
Price history
| Date | Event | Price |
|---|---|---|
| 11/7/2023 | Sold | $1,235,000-4.9%$378/sqft |
Source:  CRMLS #WS22182162 Report a problem | ||
| 10/18/2023 | Pending sale | $1,299,000+243.7%$397/sqft |
Source: CRMLS #WS22182162 Report a problem | ||
| 9/28/2010 | Sold | $378,000+66.1%$116/sqft |
Source: Public Record Report a problem | ||
| 7/22/2010 | Sold | $227,546-65.5%$70/sqft |
Source: Public Record Report a problem | ||
| 12/3/2004 | Sold | $660,000+106.3%$202/sqft |
Source: Public Record Report a problem | ||
| 10/11/2001 | Sold | $320,000+81.8%$98/sqft |
Source: Public Record Report a problem | ||
| 2/27/2001 | Sold | $176,000$54/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,093 +4.5% | $1,259,850 +2% |
| 2024 | $16,351 +138.1% | $1,235,150 +162.2% |
| 2023 | $6,867 +6.2% | $471,087 +2% |
| 2022 | $6,467 +2.4% | $461,853 +2% |
| 2021 | $6,316 +0.3% | $452,801 +1% |
| 2020 | $6,300 | $448,160 +2% |
| 2019 | $6,300 +6.4% | $439,377 +3.2% |
| 2018 | $5,921 | $425,766 +2% |
| 2017 | $5,921 +1.1% | $417,272 +2% |
| 2016 | $5,858 +7.6% | $409,091 +1.5% |
| 2015 | $5,446 +4.3% | $402,947 +2% |
| 2014 | $5,222 | $395,055 -44.7% |
| 2009 | -- | $714,403 +2% |
| 2008 | -- | $700,396 +2% |
| 2007 | -- | $686,664 +2% |
| 2006 | -- | $673,200 |
| 2005 | -- | $673,200 +208.5% |
| 2004 | -- | $218,198 +1.9% |
| 2003 | -- | $214,200 +58.7% |
| 2000 | -- | $135,000 |
Find assessor info on the county website
Neighborhood: Poly High District
Nearby schools
GreatSchools rating
- 5/10Whittier Elementary SchoolGrades: K-5Distance: 0.3 mi
- 4/10Franklin Classical Middle SchoolGrades: 6-8Distance: 0.9 mi
- 7/10Polytechnic High SchoolGrades: 9-12Distance: 0.3 mi
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Estimated market value
$1,276,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,276,800
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