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Off market
  • Tax assessed value
    $912,638

    1241 E Wesley Dr, Long Beach, CA 90806

    6beds
    5baths
    2,576sqft
    MultiFamily
    Built in 1929
    -- sqft lot
    $-- Zestimate®
    $354/sqft
    $4,427 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $4,427/mo

    Zestimate® history
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    What's special

    Five unit investment property located within an Opportunity Zone of Long Beach. Listed for a modest $160,000 per unit, this late 1920's construction property consists of six bedrooms and five bathrooms. Every unit stands independent, with no common walls. Four buildings provide one bedroom and one bathroom each. The fifth building, located at the rear of the property, contains two bedrooms and one bathroom. Units are separately metered for gas and electricity. Renovations have included over half of the windows being replaced with double-pane windows and roofs are five years new. Rear alleyway access provides the opportunity to create a minimum of 5 personal parking spaces for tenants. With additional renovations, and the substantial rental upside potential, investors could net an 8.20% cap rate at market rents. *SOLD AS-IS* **DO NOT DISTURB TENANTS**

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 5
    Features
    • Common walls with other units/homes: Detached/No Common Walls
    Interior area
    • Total interior livable area: 2,576 sqft

    Property

    Parking
    • Total spaces: 5
    Lot
    • Size: 6,534 Square Feet
    Details
    • Parcel number: 7210040007

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Fixer
    • Year built: 1929

    Community & HOA

    Location
    • Region: Long Beach

    Financial & listing details

    • Price per square foot: $354/sqft
    • Tax assessed value: $912,638
    • Annual tax amount: $12,608

    Price history

    DateEventPrice
    8/31/2021Sold$860,000+7.5%$334/sqft
    Source: CLAW #21763586 Report a problem
    8/9/2021Pending sale$800,000$311/sqft
    Source: CRMLS #21763586 Report a problem
    7/21/2021Listed for sale$800,000$311/sqft
    Source: CRMLS #21763586 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,608 +4.5%$912,638 +2%
    2024$12,068 +1.8%$894,744 +2%
    2023$11,859 +6.4%$877,200 +2%
    2022$11,141 +137.7%$860,000 +168.2%
    2021$4,688 +0.3%$320,696 +1%
    2020$4,675 $317,409 +2%
    2019$4,675 +5.6%$311,187 +2%
    2018$4,429 $305,086 +2%
    2017$4,429 +1.1%$299,105 +2%
    2016$4,381 +7.4%$293,242 +1.5%
    2015$4,080 +3.8%$288,838 +2%
    2014$3,929 $283,181 +7.1%
    2008-- $264,289 +4%
    2006-- $254,029 +30.3%
    2003-- $195,000 +39.3%
    2002-- $140,000
    Find assessor info on the county website

    Neighborhood: Poly High District

    Nearby schools

    GreatSchools rating
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