Cheapest full sized 5 unit in the whole city at only $279/square foot. 100% 2 bedroom units: three with 2 baths, two with 1 bath. Average unit size of over 850 square feet. Skip the smaller properties and go straight to commercial positive leverage with rates in the high 5%'s and a 6.2% cap rate on actual rents. Very strong in-place income at 9.8X GRM on actuals with 13% upside to 8.7X GRM and a market cap rate of 7.4%. Electrical main panels and sub-panels replaced in 2000. 3 out of 5 units remodeled and leased in the last 2 years. 5 garages in rear for 1:1 parking ratio.
Convenient location in the Washington neighborhood 1 block from Washington Middle School, currently undergoing a massive $176M reconstruction project. Excellent transit access only a few blocks to the metro blue line rail station, PCH, and the 710 freeway. Just 7 blocks North of Downtown Long Beach, with ongoing new developments of over $8 billion. Over 60% of households within 5 miles are renters with an average household income of over $94,000 (CoStar).
Sold for $1,195,000
Zillow last checked:
Listing updated:
Bought with:
Anthony Walker, DRE #01908153
Buckingham Investments, Inc
Source: CRMLS,MLS#: SB25233625
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSPrice history
| Date | Event | Price |
|---|---|---|
| 1/27/2026 | Listing removed | $1,895 |
Source: Zillow Rentals Report a problem | ||
| 12/30/2025 | Listed for rent | $1,895 |
Source: Zillow Rentals Report a problem | ||
| 12/12/2025 | Sold | $1,195,000$279/sqft |
Source:  CRMLS #SB25233625 Report a problem | ||
| 12/4/2025 | Pending sale | $1,195,000$279/sqft |
Source: CRMLS #SB25233625 Report a problem | ||
| 10/13/2025 | Contingent | $1,195,000$279/sqft |
Source: CRMLS #SB25233625 Report a problem | ||
| 10/7/2025 | Listed for sale | $1,195,000+12.7%$279/sqft |
Source: CRMLS #SB25233625 Report a problem | ||
| 7/1/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/18/2024 | Price change | $1,895-5% |
Source: Zillow Rentals Report a problem | ||
| 6/13/2024 | Listed for rent | $1,995 |
Source: Zillow Rentals Report a problem | ||
| 2/21/2019 | Sold | $1,060,000-3.2%$248/sqft |
Source:  CRMLS #PW18183556 Report a problem | ||
| 1/11/2019 | Pending sale | $1,095,000$256/sqft |
Source: Keller Williams Pacific Estate #PW18183556 Report a problem | ||
| 12/11/2018 | Listed for sale | $1,095,000$256/sqft |
Source: Keller Williams Pacific Estate #PW18183556 Report a problem | ||
| 11/13/2018 | Pending sale | $1,095,000$256/sqft |
Source: Keller Williams Pacific Estate #PW18183556 Report a problem | ||
| 9/18/2018 | Price change | $1,095,000-2.7%$256/sqft |
Source: Keller Williams Realty Los Alamitos #PW18183556 Report a problem | ||
| 7/31/2018 | Listed for sale | $1,125,000+57.3%$263/sqft |
Source: Keller Williams Realty #PW18183556 Report a problem | ||
| 7/18/2014 | Sold | $715,000-1.4%$167/sqft |
Source: Public Record Report a problem | ||
| 5/8/2014 | Pending sale | $725,000$170/sqft |
Source: Keller Williams Beach Cities #SB14079587 Report a problem | ||
| 4/19/2014 | Listed for sale | $725,000+23.9%$170/sqft |
Source: Keller Williams Beach Cities #SB14079587 Report a problem | ||
| 4/19/2013 | Sold | $585,000$137/sqft |
Source: Public Record Report a problem | ||
| 8/28/2008 | Sold | $585,000-8.3%$137/sqft |
Source: Public Record Report a problem | ||
| 1/16/2008 | Sold | $637,870-25%$149/sqft |
Source: Public Record Report a problem | ||
| 1/25/2006 | Sold | $850,000+20.6%$199/sqft |
Source: Public Record Report a problem | ||
| 8/5/2004 | Sold | $705,000+12.3%$165/sqft |
Source: Public Record Report a problem | ||
| 1/28/2004 | Sold | $628,000+90.3%$147/sqft |
Source: Public Record Report a problem | ||
| 8/15/2000 | Sold | $330,000-31.3%$77/sqft |
Source: Public Record Report a problem | ||
| 7/30/1999 | Sold | $480,000$112/sqft |
Source: Public Record Report a problem | ||
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