Three blocks to the ocean. This extremely well maintained asset is in one of the best rental areas of Long Beach. There is 30% upside in rents and there is a potential for the existing basement to be made into an ADU. Outstanding unit mix of (4) 1 bedroom units and (1) 1 bedroom unit. The building also has a laundry room and (4) enclosed garages. Long term owner has completed a number of recent upgrades to the property including: New exterior paint New roof upgraded plumbing new front doors and locks with "invisible" screens. New landscaping New irrigation system Walkscore.com gives the property a score of 97 out of 100, a "Walker's paradise". Local attractions include Retro row, The Pike outlets, The Promenade, Shoreline Village and trendy Pine Avenue.
Multi-familyProperty Type
1963Year Built
4,321 sq ftLot Size
$463Price/Sq.Ft.
4 car garageParking
Listed by Steve Gamez•DRE #00586247• P.R.S. Properties
Contact: 714-328-0832
Bought with Steve Gamez•DRE #00586247• P.R.S. Properties
The R-1-N District is a single-family residential district with standard lots. This District recognizes the outdoor lifestyle characteristic of Southern California and is established to protect such areas from overcrowding and conversion to higher densities. This implements Land Use District No. 1 of the General Plan.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Other
Park & open space
Property details
Parking
Parking / Garage Information
# of Garage Spaces: 4
# of Parking Spaces: 4
Interior
Laundry Information
Has Laundry
Individual Room
Interior Features
Entry Level: 1
Entry Location: Front
Unit Type 1 Information
Unit Key Numeric: 437367742
Listing Key Numeric: 437367717
Actual Rent: $2,250
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 2
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $2,250
Total # of Units: 4
Unit Type 2 Information
Unit Key Numeric: 437367743
Listing Key Numeric: 437367717
Actual Rent: $2,500
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total # of Beds: 1
Total Rent: $2,500
Total # of Units: 1
Expenses
Total: $47,580
Pest Control: $1,080
Licenses: $97
Insurance: $4,055
Water Sewer: $5,520
Electric: $720
New Taxes: $25,000
Gardener: $1,264
Multi-Unit Information
Net Operating Income: $86,580
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 4,321
Gross Scheduled Income: $133,200
Gross Income: $134,160
Laundry Equipment Own or Lease: Own
Laundry Income: $960
# Of Leased Units: 5
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 5
# Of Separate Electric Meters: 5
# Of Buildings: 1
Operating Expense Percent: $55.80
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Corner Lot
Property Information
Total # of Units: 5
Common Walls: 2+ common walls, End Unit
Parcel Number: 7275014033
Attached Property
Total # of Stories: 2
Year Built Source: Assessor
Property ADU: No
Financial
Lease / Rental Details
Operating Expense: $47,580
Rent Control
Tenant Pays: Gas, Electricity
Total Actual Rent: $11,100
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Curbs, Golf Course, Biking, Urban, Sidewalks, Park
Location Information
Latitude: 33.76939100
Longitude: -118.16952100
Other Subdivision Name: Alamitos Heights (AH)
Directions: 3rd and Hermosa
Subdivision Name: Alamitos Heights (AH)
Public facts
Beds: 9
Baths: 5.0
Sq. Ft.: 4,770
Stories: —
Lot Size: 4,321 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1963
Year Renovated: 1963
County: Los Angeles County
APN: 7275014033
Home facts updated by county records on Oct 15, 2026
Other
Listing Information
IDX Contact Info: 714-328-0832
Days Active in MLS: 72
Continuous Days Active in MLS: 72
Listing Agent Information
List Agent First Name: Steve
List Agent Last Name: Gamez
Listing Office Information
List Office Name: P.R.S. Properties
Selling Agent Information
Buyer Agent First Name: Steve
Buyer Agent Last Name: Gamez
Selling Office Information
Buyer Office Name: P.R.S. Properties
Around this home
Schools
Burbank Elementary School
Public K-5 • Assigned • 0.4mi
7/10
Franklin Classical Middle School
Public 6-8 • Assigned • 0.5mi
4/10
Polytechnic High School
Public 9-12 • Assigned • 1.5mi
7/10
Provided by GreatSchools
Local insights from Redfin agents
The Los Angeles County market is becoming more balanced, giving buyers a little more room to negotiate while well-priced homes can still attract strong interest. With homes taking longer to sell and buyers becoming more selective, pricing and...
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 86° expected this year, 24 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
9 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Long Beach, CA • 90802
Average low and high temperatures (°F)
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54
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53
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Sun exposure
86/ 100
Very good sunlight
Sunscore
This home ranks in the top 17% for direct sun exposure in Long Beach. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.