About this home

North Long Beach 9-unit apartment building for sale at $244K per door. A rare multifamily income property in Long Beach 90805 with a 6.14% cap rate on served November 1, 2026 rents, $222,203 in gross scheduled income, and value-add upside. The unit mix is seven 2-bed/1-bath units and two 3-bed/1-bath units, plus six garages. The most recent 3-bedroom turnover re-leased at $2,500/mo in May 2026, showing room to grow rents. Two garages may qualify for ADU conversion under California law (buyer to verify with the City of Long Beach). Professionally managed, with long-term tenancy. Directly across from Addams Elementary and a short walk to Grace Park and the Long Beach Blvd shopping corridor, near the Metro A Line, the 710, the 91 and the 405. An ideal 1031 exchange property or long-term hold. Rent roll and income statement available. Do not disturb tenants.

Facts and features

Schools

• Addams Elementary School

  elementary · K-5 · 0.0 mi

  5

• Lindsey Academy

  middle · 6-8 · 0.6 mi

  3

• Jordan High School

  high · 9-12 · 1.4 mi

  3

• St. Athanasius Elementary School

  elementary · K-8 · 0.3 mi

• Dooley Elementary School

  elementary · K-5 · 0.4 mi

  4

• Spectrum Center- Long Beach Middle Market Street

  elementary · 2-12 · 0.6 mi

Price history

• Oct 3, 2026 · Listed$2,195,000
• Oct 14, 2011 · Sold$1,050,000
• Mar 31, 2011 · Sold$1,000,000
• Sep 29, 2009 · Sold$1,000,000
• Sep 11, 2009 · Price Changed$1,075,000
• May 6, 2009 · Relisted$1,175,000
• Feb 22, 2009 · Listing Removed$1,175,000
• Jan 13, 2009 · Listed$1,075,000

Tax history

• 2025$18,693 tax · $1,345,223 assessed
• 2024$17,852 tax · $1,318,847 assessed
• 2023$17,541 tax · $1,267,636 assessed
• 2022$16,489 tax · $1,242,782 assessed
• 2021$16,122 tax · $1,218,415 assessed
• 2020$16,079 tax · $1,205,923 assessed
• 2019$15,891 tax · $1,182,279 assessed
• 2018$15,432 tax · $1,159,098 assessed

Home value

$2,772,055

• Quantarium$2,772,055

Where it is