* * * DO NOT DISTRUB TENANTS * * * DRIVE BE ONLY * * * 100% turn-key, four-unit apartment building excellently located in the city of Long Beach. Tastefully constructed in 1989, the subject property boasts a desirable unit mix of spacious two and three bedroom units with strong in-place rents. Separately metered for gas and electric, these pride of ownership units feature gas stoves, tile kitchen counters, vaulted ceilings and private patios. Common area amenities include over two-to-one gated garage parking and an on-site laundry room for the convenience of the tenants. Located north of Redondo Avenue and just a few blocks west of Pacific Coast Highway, this pride of ownership property is centrally located near major freeways and just minutes from Cal State Long Beach, Long Beach Convention Center and the port of Long Beach.
Multi-familyProperty Type
1989Year Built
$323Est. Price/Sq.Ft.
8 car garageParking
Listed by Jonathan Mitchell•DRE #01227852• Marcus & Millichap RE Invest
Bought with Jonathan Mitchell•DRE #01227852• Marcus & Millichap RE Invest
Bought with Jonathan Mitchell•DRE #01227852• Marcus & Millichap RE Invest
*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
Zoning
Beds
8
Baths
8
Stories
—
Lot width
—
Lot depth
—
Lot size
6,743 Sq. Ft.
Year renovated
1989
Sq. Ft.
5,213
Year built
1989
Style
Multi-Family (2-4 Unit)
County
Los Angeles County
APN
7259004031
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 29, 2026.
RMU4-A
Residential Mixed-Use 4-A Series Zone
Residential Mixed-Use 4 (RMU4 A-Series) zone is residentially focused and permit higher density residential uses in areas where multi-family housing is currently the dominant use. These zones permit intensification of existing residential areas to increase housing opportunities and introduce neighborhood-serving, non-residential uses in proximity to residents.
Permitted uses
Include but are not limited to:
Agriculture
Day care facility
Retail-Grocery
Restaurant
Housing-Group
Housing-Multiple units
Housing-Senior
Housing-Other
Mixed use
Park & open space
Property details
Parking
Parking / Garage Information
# of Garage Spaces: 8
Garage - Front Entry
# of Parking Spaces: 8
Interior
Kitchen Information
Appliances: Dishwasher
Flooring Information
Carpet
Heating Information
Central Furnace
Has Heating
Interior Features
Ceramic Counters
Levels: Two
Unit Type 1 Information
Unit Key Numeric: 5640
Listing Key Numeric: 785423
Actual Rent: $1,300
Area Units: Square Feet
Total # of Baths: 2
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $1,300
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 5641
Listing Key Numeric: 785423
Actual Rent: $1,350
Area Units: Square Feet
Total # of Baths: 2
Furnished: Unfurnished
Total # of Beds: 2
Total Rent: $1,350
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 785423
Unit Key Numeric: 5642
Actual Rent: $1,600
Area Units: Square Feet
Total # of Baths: 2
Total # of Beds: 3
Furnished: Unfurnished
Total Rent: $1,600
Total # of Units: 1
Unit Type 4 Information
Listing Key Numeric: 785423
Unit Key Numeric: 5643
Actual Rent: $1,783
Area Units: Square Feet
Total # of Baths: 2
Total # of Beds: 3
Furnished: Unfurnished
Total Rent: $1,783
Total # of Units: 1
Expenses
Trash: $1,340
Maintenance: $1,950
Insurance: $1,500
Water Sewer: $1,250
Electric: $185
New Taxes: $10,465
Gardener: $770
Multi-Unit Information
# of Units With Drapes: 4
# of Units With Disposal: 4
# of Units With Dishwasher: 4
# of Units With Carpet: 4
Net Operating Income: $51,294
Average 3 Bed Area: 1,500
Average 2 Bed Area: 1,100
Total Building Area: 5,200
Gross Spendable Income: $15,866
Gross Scheduled Income: $73,476
Gross Multiplier: 11.57
Gross Income: $6,033
Laundry Equipment Own or Lease: Own
# Of Leased Units: 4
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 5
# Of Separate Electric Meters: 5
# Of Buildings: 1
Operating Expense Percent: $28
Vacancy Allowance Rate: 3
Vacancy Allowance: 2172
Exterior
Exterior Information
Roof: Shingle
Construction Materials: Stucco, Wood
Lot Information
Lot Size Source: Assessor's Data
Property Information
Total # of Units: 4
Parcel Number: 7259004031
Has View
Financial
Lease / Rental Details
Operating Expense: $20,010
Other Expense: $1,000
Other Expense Description: 0
Tenant Pays: Cable TV, Electricity, Gas
Utilities
Utilities Information
Water Source: District/Public
Location
Location Information
Latitude: 33.78694200
Longitude: -118.15362500
Directions: South of PCH, West of Redondo, East of Obisbo, North of Anaheim
Public facts
Beds: 8
Baths: 8.0
Sq. Ft.: 5,213
Stories: —
Lot Size: 6,743 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1989
Year Renovated: 1989
County: Los Angeles County
APN: 7259004031
Home facts updated by county records on Aug 29, 2026
Other
Listing Information
Days Active in MLS: 73
Continuous Days Active in MLS: 151
Listing Agent Information
List Agent First Name: Jonathan
List Agent Last Name: Mitchell
Listing Office Information
List Office Name: Marcus & Millichap RE Invest
Selling Agent Information
Buyer Agent First Name: Jonathan
Buyer Agent Last Name: Mitchell
Co-Buyer Agent First Name: Jonathan
Co-Buyer Agent Last Name: Mitchell
Selling Office Information
Buyer Office Name: Marcus & Millichap RE Invest
Co-Buyer Office Name: Marcus & Millichap RE Invest
Around this home
Schools
Lee Elementary School
Public K-5 • Assigned • 0.3mi
6/10
Jefferson Leadership Academies School
Public 6-8 • Assigned • 0.8mi
7/10
Wilson High School
Public 9-12 • Assigned • 1.0mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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