About this home

Prime Long Beach 15 unit residential property on a 11,311sf lot. This property is excellent for a cash flowing investment OR development. Six units intentionally left vacant for ease of development, if desired. Property has 8 single car garages that could potentially be converted into ADUs. Current income (with vacant units counted at pro-forma rents) puts the property at 7.98 cap rate. Get to 9.7 cap rate at full pro-forma rents! Units have tankless water heaters. Agents MUST read private notes.

Facts and features

Schools

• Washington Middle School

  middle · 6-8 · 0.2 mi

  4

• Roosevelt Elementary School

  elementary · K-5 · 0.4 mi

  5

• Polytechnic High School

  high · 9-12 · 0.5 mi

  7

• Regency High School

  middle · 8-12 · 0.4 mi

• Educational Partnership High School

  high · 9-12 · 0.1 mi

  3

• Intellectual Virtues Academy

  high · 9-12 · 0.2 mi

  5

Price history

• Sep 13, 2026 · Listed$2,225,000
• Mar 9, 2025 · Listing Removed—
• Mar 7, 2025 · Listed For Rent$1,400
• Mar 6, 2025 · Listing Removed—
• Jan 30, 2025 · Listed For Rent$1,400
• Jan 29, 2025 · Listing Removed—
• Nov 20, 2024 · Listed For Rent$1,400
• Nov 19, 2024 · Listing Removed—

Tax history

• 2025$31,692 tax · $2,320,239 assessed
• 2024$30,300 tax · $2,274,745 assessed
• 2023$29,766 tax · $2,186,415 assessed
• 2022$27,961 tax · $2,143,545 assessed
• 2021$27,373 tax · $2,101,515 assessed
• 2020$27,303 tax · $2,079,967 assessed
• 2019$26,981 tax · $2,039,184 assessed
• 2018$26,218 tax · $1,999,200 assessed

Home value

$811,000

• Collateral Analytics$811,000
• Quantarium$3,402,575

Where it is