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Sold for $1,399,000
  • Listed by: Keller Williams Realty • Ty Youngblood • Contact: 951-751-1994
    Bought with: Buckingham Investments, Inc
    $1,399,000

    251 E Nevada St, Long Beach, CA 90806

    9beds
    7baths
    4,651sqft
    Quadruplex
    Built in 1968
    -- sqft lot
    $1,552,700 Zestimate®
    $301/sqft
    $2,486 Estimated rent

    Home value

    $1,552,700

    $1.38M - $1.74M

    $2,486/mo

    Zestimate® history
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    What's special

    Spacious unitsWell-kept lotLarger layouts
    Located in Long Beach’s Wrigley neighborhood—an area benefiting from ongoing city investment and revitalization—251 E Nevada St presents a rare opportunity to own a large, income-generating fourplex with solid functionality and strong long-term upside. While legally recorded as a 7-bedroom, 6-bathroom building, the property is currently configured as 9 bedrooms and 6 bathrooms across four spacious units: one 3-bedroom, 2-bath unit; two 2-bedroom, 2-bath units; and one 2-bedroom, 1-bath unit. With approximately 4,651 square feet of interior space, each unit offers larger layouts than typically found in this segment of the market. This added bedroom and square footage advantage supports stronger rents compared to similarly sized buildings—an appealing benefit for investors focused on maximizing return. Each unit is assigned a garage, and the property sits on a well-kept lot in a high-demand rental corridor. Whether you're seeking in-place cash flow, a value-add opportunity, or a solid 1031 exchange target, 251 E Nevada offers the scale and flexibility rarely found in this price range.

    Zillow last checked:

    Listing updated:

    Listed by:

    Ty Youngblood DRE #01381038 951-751-1994,

    Keller Williams Realty

    Bought with:

    Matthew Mahowald, DRE #02001732

    Buckingham Investments, Inc

    Source: CRMLS,MLS#: IG25071699MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 7
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 4,651
    • Total interior livable area: 4,651 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Garage
    • Garage spaces: 5
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Front
    • Pool features: None
    • Fencing: Block,Security
    Lot
    • Size: 6,429 Square Feet
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 7208011028
    • Zoning: LBR2N
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1968

    Utilities & green energy

    • Sewer: Public Sewer

    Community & HOA

    Community
    • Features: Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
    • Subdivision: Wrigley Area (Wr)
    Location
    • Region: Long Beach

    Financial & listing details

    • Price per square foot: $301/sqft
    • Tax assessed value: $677,666
    • Annual tax amount: $9,697
    • Date on market: 4/2/2025
    • Cumulative days on market: 3 days
    • Listing terms: Cash,Conventional,1031 Exchange,Fannie Mae,Freddie Mac
    • Total actual rent: 9497

    Price history

    DateEventPrice
    5/23/2025Sold$1,399,000$301/sqft
    Source: CRMLS #IG25071699 Report a problem
    4/2/2025Listed for sale$1,399,000+166.5%$301/sqft
    Source: CRMLS #IG25071699 Report a problem
    11/6/2009Sold$525,000+30%$113/sqft
    Source: Public Record Report a problem
    2/2/2009Sold$403,750-48.9%$87/sqft
    Source: Public Record Report a problem
    4/7/2008Listing removed$789,900$170/sqft
    Source: NCI Report a problem
    2/1/2008Listed for sale$789,900$170/sqft
    Source: NCI Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,697 +4.7%$677,666 +2%
    2024$9,258 +1.7%$664,379 +2%
    2023$9,101 +6.3%$651,353 +2%
    2022$8,563 +2.3%$638,583 +2%
    2021$8,370 +0.3%$626,063 +1%
    2020$8,346 $619,645 +2%
    2019$8,346 +5%$607,496 +2%
    2018$7,947 $595,585 +2%
    2017$7,947 +1.1%$583,907 +2%
    2016$7,864 +7.8%$572,459 +1.5%
    2015$7,292 +4.5%$563,861 +2%
    2014$6,976 $552,817 +2.5%
    2012-- $539,530 +2%
    2011-- $528,952 +0.8%
    2010-- $525,000 +16.4%
    2009-- $451,087 +2%
    2008-- $442,243 +2%
    2007-- $433,573 +2%
    2006-- $425,073 -19.8%
    2005-- $530,151 +4%
    2004-- $509,565 +27%
    2003-- $401,081 +34.6%
    2002-- $298,000 +14.6%
    2000-- $260,000
    Find assessor info on the county website

    Neighborhood: Wrigley

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,552,700
    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
    $1,552,700