Four 1 bed 1 baths, 2808 Sq. Ft. in downtown Long Beach near the convention center, Queen Mary, restaurants, shopping, etc. Annual business income: $99,000, Expenses Includes New Taxes Based off Asking Price : $23,400. NOI: $75,600 Cap Rate with Business: 7.56%. Business is included with sale or if one does not want the transitional business, owner can deliver vacant.
Multi-familyProperty Type
1949Year Built
2,250 sq ftLot Size
$379Est. Price/Sq.Ft.
Listed by Tony Morrison•DRE #01346460• Lantern Bay Realty
Listed by Peggy French•DRE #00455781• Peggy French, Broker
Bought with Peggy French•DRE #00455781• Peggy French, Broker
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
4
Baths
4
Stories
—
Lot width
—
Lot depth
—
Lot size
2,250 Sq. Ft.
Year renovated
1949
Sq. Ft.
2,808
Year built
1949
Style
Multi-Family (2-4 Unit)
County
Los Angeles County
APN
7272022001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 15, 2026.
Apr 2, 2024 • Final
Reroof
Roofing
Jun 27, 2022 • Final
Electrical
Reposition a mini-split system to the rear of the building. Perform electrical upgrades and repair and paint stucco and drywall.
Electrical
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking / Garage Information
None
Interior
Laundry Information
Has Laundry
See Remarks
Unit Type 1 Information
Unit Key Numeric: 10676248
Listing Key Numeric: 364985804
Actual Rent: $99,000
Total # of Baths: 1
Total # of Beds: 1
Total Rent: $99,000
Total # of Units: 4
Expenses
Total: $23,400
Multi-Unit Information
Net Operating Income: $75,600
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: 2,808
Gross Scheduled Income: $99,000
Gross Income: $99,000
# Of Buildings: 1
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Lot-Level/Flat
Property Information
Total # of Units: 4
Common Walls: No Common Walls
Parcel Number: 7272022001
Year Built Source: Assessor
Financial
Lease / Rental Details
Operating Expense: $23,400
Rent Control
Tenant Pays: None
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Watersports, Urban
Location Information
Latitude: 33.77515900
Longitude: -118.19580400
Other Subdivision Name: Downtown (DT)
Directions: 710 Fwy Exit Ocean head towards 7th st.
Subdivision Name: Downtown (DT)
Zoning: LBPD10
Public facts
Beds: 4
Baths: 4.0
Sq. Ft.: 2,808
Stories: —
Lot Size: 2,250 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1949
Year Renovated: 1949
County: Los Angeles County
APN: 7272022001
Home facts updated by county records on Oct 15, 2026
Other
Listing Information
Days Active in MLS: 67
Continuous Days Active in MLS: 358
Listing Agent Information
List Agent First Name: Tony
List Agent Last Name: Morrison
Co-List Agent First Name: Peggy
Co-List Agent Last Name: French
Listing Office Information
List Office Name: Lantern Bay Realty
Co-List Office Name: Peggy French, Broker
Selling Agent Information
Buyer Agent First Name: Peggy
Buyer Agent Last Name: French
Selling Office Information
Buyer Office Name: Peggy French, Broker
Around this home
Schools
International Elementary School
Public K-5 • Assigned • 0.3mi
5/10
Washington Middle School
Public 6-8 • Assigned • 1.8mi
4/10
Cabrillo High School
Public 9-12 • Assigned • 1.7mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
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 88° 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 • 90813
Average low and high temperatures (°F)
69
50
69
52
72
55
71
56
73
60
75
63
80
65
81
66
79
67
75
60
70
54
67
53
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 6.9 hours in December, placing it above the
U.S. average for solar exposure.
9.1 hrs
6.9 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.01M – $1.23M
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