Huge 6 unit campus property with three large units in front, Craftsman bungalow in the middle, and two brand new 2025 construction ADUs in the rear totalling 5707 rentable square feet on a 7500 square foot lot. Great unit mix averaging 950 square feet with one 5 bed, 2 bath unit, four 2 bed, 1 bath units, and one 1 bed, 1 bath unit. Aggressively priced at $262/square foot, 9.8X GRM and 6.2% cap rate on actual rents plus an 8% upside to 9X GRM and 6.9% cap rate on market rents. Brand new electrical main panel. 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.
Great location right in Downtown Long Beach just North of the East Village Arts District. Blocks away from St. Mary's hospital, Museum of Latin American Art, rail lines, and $8 billion of new development. Only 7 blocks to the beach.
Sold for $1,605,000
Zillow last checked:
Listing updated:
Bought with:
Ceylan Tecimer, DRE #01462866
Beverly & Company Luxury Properties
Source: CRMLS,MLS#: SB26112026
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSPrice history
| Date | Event | Price |
|---|---|---|
| 4/29/2026 | Sold | $1,605,000+78.3%$281/sqft |
Source:  CRMLS #SB26112026 Report a problem | ||
| 9/13/2016 | Sold | $900,000-3.7%$158/sqft |
Source: Public Record Report a problem | ||
| 8/13/2016 | Pending sale | $935,000$164/sqft |
Source: First Team Real Estate #PW15210171 Report a problem | ||
| 7/13/2016 | Price change | $935,000-1.6%$164/sqft |
Source: First Team Real Estate #PW15210171 Report a problem | ||
| 6/2/2016 | Price change | $950,000-4.9%$166/sqft |
Source: First Team Real Estate #PW15210171 Report a problem | ||
| 4/16/2016 | Price change | $999,000-4.9%$175/sqft |
Source: First Team Real Estate #PW15210171 Report a problem | ||
| 3/31/2016 | Listed for sale | $1,050,000+6.1%$184/sqft |
Source: First Team Real Estate #PW15210171 Report a problem | ||
| 4/8/2014 | Listing removed | $1,600 |
Source: Go Section8 Report a problem | ||
| 1/29/2014 | Listed for rent | $1,600 |
Source: Go Section8 Report a problem | ||
| 5/11/2005 | Sold | $990,000+29.4%$173/sqft |
Source: Public Record Report a problem | ||
| 9/20/2004 | Sold | $765,000+33%$134/sqft |
Source: Public Record Report a problem | ||
| 8/20/2003 | Sold | $575,000$101/sqft |
Source: Public Record Report a problem | ||
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