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Sold for $1,220,000
  • Listed by: Coldwell Banker Realty • Luen Song • Contact: 562-494-4600
    Bought with: Real Broker
    $1,220,000

    1339 E Wesley Dr, Long Beach, CA 90806

    9beds
    5baths
    2,904sqft
    Mixed Use
    Built in 1922
    -- sqft lot
    $-- Zestimate®
    $420/sqft
    $3,073 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $3,073/mo

    Zestimate® history
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    What's special

    On-site parkingIndividual water heaters
    Introducing 1339 E Wesley Drive, a high-performing 5-unit multifamily asset in Eastside Long Beach featuring a front 1BD/1BA home and a rear 4-unit building with (4) 2BD/1BA units. The property is primarily occupied with Section 8 tenants, providing guaranteed, on-time income and consistent cash flow. In 2025, the property generated approximately $114,000 in gross annual rents, representing an attractive ~9.1% gross yield at the asking price. The property offers on-site parking, a rare and highly desirable amenity in a parking impacted area. All units are separately metered for gas and electricity, include individual water heaters, and the layout is well-suited for RUBS or utility bill-backs, offering additional expense reduction potential. A compelling cash-flow investment with built-in upside in a high-demand rental market.

    Zillow last checked:

    Listing updated:

    Listed by:

    Luen Song DRE #01733206 write.luen@gmail.com,

    Coldwell Banker Realty

    Bought with:

    Andrew Poland Villagomez, DRE #02185251

    Real Broker

    Source: CRMLS,MLS#: PW26069273MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 5
    Appliances
    • Laundry: Electric Dryer Hookup, Gas Dryer Hookup
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,904
    • Total interior livable area: 2,904 sqft

    Property

    Features
    • Levels: Two
    • Stories: 2
    • Entry location: ground level
    • Pool features: None
    Lot
    • Size: 6,581 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 7210040013
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    Condition
    • New construction: No
    • Year built: 1922

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Urban
    • Subdivision: Circle (Ca)
    Location
    • Region: Long Beach

    Financial & listing details

    • Price per square foot: $420/sqft
    • Tax assessed value: $448,400
    • Annual tax amount: $6,772
    • Date on market: 4/3/2026
    • Cumulative days on market: 19 days
    • Listing terms: Conventional
    • Tenant pays: Electricity, Gas

    Price history

    DateEventPrice
    6/1/2026Sold$1,220,000-2.4%$420/sqft
    Source: CRMLS #PW26069273 Report a problem
    5/14/2026Pending sale$1,250,000$430/sqft
    Source: CRMLS #PW26069273 Report a problem
    4/23/2026Contingent$1,250,000$430/sqft
    Source: CRMLS #PW26069273 Report a problem
    4/3/2026Listed for sale$1,250,000+489.6%$430/sqft
    Source: CRMLS #PW26069273 Report a problem
    1/18/2011Sold$212,000+315.7%$73/sqft
    Source: Public Record Report a problem
    8/22/2001Sold$51,000$18/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,772 +4.7%$448,400 +2%
    2024$6,468 +1.8%$439,608 +2%
    2023$6,352 +6.2%$430,989 +2%
    2022$5,984 +2.4%$422,539 +2%
    2021$5,844 +0.3%$414,255 +1%
    2020$5,829 $410,008 +2%
    2019$5,829 +5.6%$401,970 +2%
    2018$5,522 $394,090 +2%
    2017$5,522 +1.1%$386,364 +2%
    2016$5,463 +7.5%$378,789 +1.5%
    2015$5,083 +4.1%$373,100 +2%
    2014$4,883 $365,792 +62.7%
    2011-- $224,844 +0.8%
    2010-- $223,165 -0.2%
    2009-- $223,696 +4%
    2007-- $215,012 +2%
    2006-- $210,797
    2005-- $210,797 +4%
    2004-- $202,613 +3.9%
    2002-- $195,000 -12.7%
    2000-- $223,430
    Find assessor info on the county website

    Neighborhood: Poly High District

    Nearby schools

    GreatSchools rating
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