12-Plex
3337 E 15th · Long Beach, CA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $659 – $1,223
Heat risk 4/10 · Minor
- Hot days now (above 88°F)
- 7 days/yr
- Hot days in 30 yrs
- 23 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 6/10 · Moderate
- Unhealthy air days now
- 9 days/yr
- Unhealthy air days in 30 yrs
- 10 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the C+ grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Schools +3.7/10.0
- Livability +3.4/5.0
- Rent growth +2.6/5.0
- Condition / age +2.5/5.0
- ARV discount +1.0/15.0
- Appreciation +0.0/10.0
$1,500,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 12 units. confirmed
5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.
Listing remarks MLS
3333-3337 E. 15th St., a 6-unit property located in Long Beach. Built on a 6,778 SF lot, the property consists of (1) 1-bed/1-bath HOUSE, and (5) 1-bed/1-bath units. Well maintained and landscaped, the property is equipped with 4 garages, and a total of 8 parking spaces. New copper piping and in very clean condition, this property has plenty of upside in market rents, and a very achievable CAP of 6.54% and 11 GRM. With 25% of rental upside, this Value-Add Property is located in the highly desirable Circle
Key facts
- 6,778 sq ft lot
- 3 garage spots
- Built 1923
Property features AI
Finance
- Other: Total building area 3,284 (unit of measure: square feet); Two buildings on the parcel; Total of 6 units
- Financial info: Gross scheduled income: $101,000; Gross income: $101,000; Net operating income: $88,000; Operating/total expenses approximately $13,000–$13,685; Insurance expense listed separately; Water/sewer and electric expenses listed separately
- HOA & community: Rent control applies
Exterior
- Parking: 3 garage spaces (attached); 3 total parking spaces
- Utilities: Public sewer; District/public water; One separate water meter; Seven separate gas meters; Seven separate electric meters
- Home design: Attached multi-unit property; 2 total stories; Entry level is ground floor
- Construction: Year built per assessor; Lot shape is rectangular
- Exterior features: No pool; Front yard; Sidewalks in the community
Interior
- Kitchen: No kitchen appliance details provided
- Bedrooms: Total of 6 bedrooms (listed across units)
- Bathrooms: Six full bathrooms (total across units)
- Interior features: Entry on level 1; Attached property with 2+ common walls; Has laundry in garage
- Laundry & utility: Laundry located in garage
Neighborhood map
What this means for you Summary
Snapshot
- This is a 12 × 1-bed/?-bath units multifamily listed at $1.50M.
Deal economics
- At list price, monthly cash flow is $9k ($108k/yr) — positive. Per door: $747/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($24k rent vs $1.50M).
- Recommended offer: $1.46M (3.0% below list) — sets the bar for market timing.
- Cap rate 13.5% vs local median 1.9% in Long Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 67/100 on livability (#319 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment B+; Watch: health & safety C-, crime F, cost of living F.
- Long Beach Unified (urban): math 34% / reading 50% proficiency, ranked #216 of 517 in CA (top 42%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Zoned schools: Olivia Nieto Herrera Elementary (math 21%, 719 students, 76% FRL); Jefferson Leadership Academies (math 26% / reading 42%, grade F, #192 of 498 statewide, top 39%, 997 students, 71% FRL); Wilson High (math 28% / reading 63%, grade D-, #417 of 1,170 statewide, top 36%, 3,515 students, 48% FRL).
- Market conditions: Rents flat; 75 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 27d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
- At $24,103/mo this rent would consume 404% of the median local household income ($72k/yr) (locally 3426% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $10k of loan paydown is wiped out by about $45k of value loss. Plan a longer hold.
- Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
- At projected returns (-3.0% appreciation + 0.6% rent growth), your $420k cash investment doubles in ~6 years — after that, you're playing with house money.
Negotiation context
- It's been on market 56 days — a 3% lower offer ($1.46M) is reasonable based on typical stale-listing flexibility.
- 7 sale attempts since 28y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $1.25M; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 56 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1923 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.61% ✓
- Cap rate
- 13.47%
- Cash-on-cash
- 25.62%
- DSCR
- 2.14
- GRM
- 5.2
CMA / ARV
- ARV (median comp)
- $1,309,819
- List price
- $1,500,000
- Delta
- 14.52%
- Verdict
- OVERPRICED
- Comps
- 20 within 1.0 mi
Projected returns pro-forma
-3.0% appreciation · 0.57% rent growth · sell at horizon
- IRR
- 16.5%
- Equity multiple
- 1.64×
- Total profit
- $270,781
- Equity at exit
- $223,655
- IRR
- 23.3%
- Equity multiple
- 2.78×
- Total profit
- $747,169
- Equity at exit
- $129,693
Cash invested: $420,000 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 18 Strongly Tenant-Friendly
- State California
- 18 Strongly Tenant-Friendly · D+13
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 90804
- Rents YoY
- 0.6%
- Active inventory
- 75
- Price-to-rent
- 62.2×
Monthly cashflow live
- Estimated rent
- $24,103 high interval (Pro) →
- Mortgage (P&I)
- −$7,866
- Tax from tax record
- −$1,582 /mo · $18,982/yr
- Insurance
- −$625
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$5,062
- Net cashflow
- $8,968
Break-even live
Sensitivity live
| Price | -10% $9,817 | -5% $9,393 | +0% $8,968 | +5% $8,544 | +10% $8,119 |
|---|---|---|---|---|---|
| Rent | -10% $7,064 | -5% $8,016 | +0% $8,968 | +5% $9,920 | +10% $10,873 |
| Rate | -1.0pp $9,724 | -0.5pp $9,350 | base $8,968 | +0.5pp $8,580 | +1.0pp $8,184 |
12-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 12× units | 1 | — | $24,108 |
| #1 | 1 | — | $2,009 |
| #2 | 1 | — | $2,009 |
| #3 | 1 | — | $2,009 |
| #4 | 1 | — | $2,009 |
| #5 | 1 | — | $2,009 |
| #6 | 1 | — | $2,009 |
| #7 | 1 | — | $2,009 |
| #8 | 1 | — | $2,009 |
| #9 | 1 | — | $2,009 |
| #10 | 1 | — | $2,009 |
| #11 | 1 | — | $2,009 |
| #12 | 1 | — | $2,009 |
| Total (12 units) | $24,103 | ||
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $375,000
- Closing costs
- $45,000
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 3310 E Ransom St Long Beach, CA | 2.0 | 1.0 | 800 | $2,250 | $2.81 | 45d | 1 | 0.03mi |
| 3425 E 15th St Unit 17D Long Beach, CA | 2.0 | 2.0 | 811 | $2,495 | $3.08 | 45d | 1 | 0.07mi |
| 1436 Obispo Ave Apt 305 Long Beach, CA | 1.0 | 1.0 | 800 | $1,795 | $2.24 | 7d | 1 | 0.10mi |
| 1436 Obispo Ave Apt 301 Long Beach, CA | 1.0 | 1.0 | 800 | $1,795 | $2.24 | 12d | 1 | 0.10mi |
| 1424 Obispo Ave Apt 6 Long Beach, CA | 1.0 | 1.0 | 600 | $1,825 | $3.04 | 0d | 1 | 0.10mi |
| 3516 E Ransom St #205 Long Beach, CA | 2.0 | 2.0 | 850 | $2,700 | $3.18 | 18d | 1 | 0.13mi |
| 3444 E Wilton St Unit 3 Long Beach, CA | 2.0 | 1.0 | 830 | $2,595 | $3.13 | 45d | 1 | 0.13mi |
| 1545 Obispo Ave Long Beach, CA | 2.0 | 1.0 | 666 | $2,195 | $3.30 | 5d | 1 | 0.13mi |
| 1545 Obispo Ave Long Beach, CA | 2.0 | 1.0 | 666 | $2,195 | $3.30 | 3d | 1 | 0.13mi |
| 3516 E Ransom St Long Beach, CA | 2.0 | 2.0 | 800 | $2,600 | $3.25 | 45d | 2 | 0.13mi |
| 1535 Loma Ave Unit 3 Long Beach, CA | 1.0 | 1.0 | 650 | $1,795 | $2.76 | 14d | 1 | 0.15mi |
| 1403 Obispo Ave Unit 3 Long Beach, CA | 2.0 | 1.0 | 950 | $2,500 | $2.63 | 45d | 1 | 0.15mi |
| 3100 E Spaulding St Long Beach, CA | 2.0 | 2.0 | 650 | $1,995 | $3.07 | 21d | 1 | 0.15mi |
| 1650 Newport Ave Apt 2 Long Beach, CA | 2.0 | 1.0 | 750 | $1,895 | $2.53 | 45d | 1 | 0.17mi |
| 1365 Newport Ave Unit 304 Long Beach, CA | 2.0 | 2.0 | 1000 | $2,395 | $2.40 | 6d | 1 | 0.17mi |
| 1365 Newport Ave Unit 202 Long Beach, CA | 2.0 | 2.0 | 1050 | $2,495 | $2.38 | 26d | 1 | 0.17mi |
| 1533 Freeman Ave Long Beach, CA | 2.0 | 1.0 | 760 | $2,960 | $3.89 | 45d | 1 | 0.18mi |
| 1730 Coronado Ave Unit 12 Long Beach, CA | 1.0 | 1.0 | 575 | $1,695 | $2.95 | 45d | 1 | 0.19mi |
| 1355 Loma Ave #307 Long Beach, CA | 2.0 | 2.5 | 950 | $3,000 | $3.16 | 24d | 1 | 0.20mi |
| 1355 Loma Ave #205 Long Beach, CA | 2.0 | 2.0 | 967 | $2,695 | $2.79 | 17d | 1 | 0.20mi |
| 1355 Loma Ave #307 Long Beach, CA | 2.0 | 2.5 | 949 | $3,000 | $3.16 | 45d | 1 | 0.20mi |
| 1355 Loma Ave Long Beach, CA | 2.0 | 2.0–2.5 | 958 | $2,698 | $2.82 | 46d | 2 | 0.20mi |
| 1510 Orizaba Ave Unit 08 Long Beach, CA | 1.0 | 1.0 | 561 | $1,695 | $3.02 | 26d | 1 | 0.20mi |
| 1732 Obispo Ave Unit 1732 Long Beach, CA | 2.0 | 1.0 | 693 | $2,500 | $3.61 | 45d | 1 | 0.21mi |
| 1736 Obispo Ave Unit 3 Long Beach, CA | 2.0 | 1.0 | 744 | $2,500 | $3.36 | 45d | 1 | 0.21mi |
| 1600 N Orizaba Ave Apt 7 Long Beach, CA | 2.0 | 1.0 | 660 | $2,025 | $3.07 | 0d | 1 | 0.22mi |
| 1750 Newport Ave Unit 4 Long Beach, CA | 2.0 | 2.0 | 936 | $2,195 | $2.35 | 22d | 1 | 0.23mi |
| 1750 Newport Ave Apt 5 Long Beach, CA | 2.0 | 2.0 | 936 | $2,395 | $2.56 | 7d | 1 | 0.23mi |
| 1725 Freeman Ave Unit 1725-07 Long Beach, CA | 2.0 | 1.0 | 800 | $2,495 | $3.12 | 20d | 1 | 0.25mi |
| 1764 Freeman Ave Unit 7 Long Beach, CA | 2.0 | 2.0 | 727 | $2,200 | $3.03 | 0d | 1 | 0.26mi |
| 3654 E Fountain St Unit 1 du Long Beach, CA | 1.0 | 1.0 | 650 | $1,750 | $2.69 | 45d | 1 | 0.28mi |
| 2845 E Spaulding St Unit 29-1 Long Beach, CA | 2.0 | 1.0 | 620 | $1,975 | $3.19 | 26d | 1 | 0.28mi |
| 1775 Orizaba Ave Unit 85-D Long Beach, CA | 2.0 | 1.0 | 650 | $2,100 | $3.23 | 45d | 1 | 0.33mi |
| 1535 Termino Ave Unit 3 Long Beach, CA | 2.0 | 1.0 | 960 | $2,395 | $2.49 | 45d | 1 | 0.34mi |
| 1130 Orizaba Ave Unit 8 Long Beach, CA | 2.0 | 1.0 | 935 | $1,895 | $2.03 | 12d | 1 | 0.38mi |
| 2726 E Spaulding St Unit 2726-6 Long Beach, CA | 2.0 | 1.0 | 610 | $2,095 | $3.43 | 5d | 1 | 0.38mi |
| 1090 Newport Ave Long Beach, CA | 2.0 | 2.0 | 700 | $2,395 | $3.42 | 45d | 1 | 0.39mi |
| 1075 Loma Ave Unit 103 Long Beach, CA | 2.0 | 2.0 | 972 | $2,295 | $2.36 | 26d | 1 | 0.42mi |
| 1075 Loma Ave Apt 102 Long Beach, CA | 2.0 | 2.0 | 972 | $2,295 | $2.36 | 45d | 1 | 0.42mi |
| 1116 Gladys Ave Unit B Long Beach, CA | 2.0 | 1.0 | 756 | $2,350 | $3.11 | 26d | 1 | 0.43mi |
Listing history 38 events
-
2026-06-21days on market $1,500,000 Active 56 DOM
-
2026-06-18days on market $1,500,000 Active 53 DOM
-
2026-06-17days on market $1,500,000 Active 52 DOM
-
2026-06-16days on market $1,500,000 Active 51 DOM
-
2026-06-15days on market $1,500,000 Active 50 DOM
-
2026-06-13days on market $1,500,000 Active 48 DOM
-
2026-06-13days on market $1,500,000 Active 47 DOM
-
2026-06-09days on market $1,500,000 Active 44 DOM
-
2026-06-08days on market $1,500,000 Active 43 DOM
-
2026-06-07days on market $1,500,000 Active 42 DOM
-
2026-06-04days on market $1,500,000 Active 39 DOM
-
2026-06-03days on market $1,500,000 Active 38 DOM
-
2026-06-02days on market $1,500,000 Active 37 DOM
-
2026-06-01days on market $1,500,000 Active 36 DOM
-
2026-05-31days on market $1,500,000 Active 35 DOM
-
2026-04-26$1,500,000 Active
-
2018-08-31soldstatus $1,253,500 510-char remark
Show marketing remark (673 chars)
3333-3337 E. 15th St. , a 6-unit property located in Long Beach. Built on a 6,778 SF lot, the property consists of (1) 1-bed/1-bath HOUSE, and (5) 1-bed/1-bath units. Well maintained and landscaped, the property is equipped with 4 garages, and a total of 8 parking spaces. New copper piping and in very clean condition, this property has plenty of upside in market rents, and a very achievable CAP of 6.54% and 11 GRM. With 25% of rental upside, this Value-Add Property is located in the highly desirable Circle area of Long Beach, with college students and commuters all paying top dollar for rentals. Back house rents at a premium as it has it's own driveway and garage.
-
2018-08-31soldstatus $1,253,500 Closed Sale
Show marketing remark (673 chars)
3333-3337 E. 15th St. , a 6-unit property located in Long Beach. Built on a 6,778 SF lot, the property consists of (1) 1-bed/1-bath HOUSE, and (5) 1-bed/1-bath units. Well maintained and landscaped, the property is equipped with 4 garages, and a total of 8 parking spaces. New copper piping and in very clean condition, this property has plenty of upside in market rents, and a very achievable CAP of 6.54% and 11 GRM. With 25% of rental upside, this Value-Add Property is located in the highly desirable Circle area of Long Beach, with college students and commuters all paying top dollar for rentals. Back house rents at a premium as it has it's own driveway and garage.
-
2018-07-30soldstatus $1,253,500
-
2018-07-11status Pending Sale
Show marketing remark (673 chars)
3333-3337 E. 15th St. , a 6-unit property located in Long Beach. Built on a 6,778 SF lot, the property consists of (1) 1-bed/1-bath HOUSE, and (5) 1-bed/1-bath units. Well maintained and landscaped, the property is equipped with 4 garages, and a total of 8 parking spaces. New copper piping and in very clean condition, this property has plenty of upside in market rents, and a very achievable CAP of 6.54% and 11 GRM. With 25% of rental upside, this Value-Add Property is located in the highly desirable Circle area of Long Beach, with college students and commuters all paying top dollar for rentals. Back house rents at a premium as it has it's own driveway and garage.
-
2018-07-06status Active
Show marketing remark (673 chars)
3333-3337 E. 15th St. , a 6-unit property located in Long Beach. Built on a 6,778 SF lot, the property consists of (1) 1-bed/1-bath HOUSE, and (5) 1-bed/1-bath units. Well maintained and landscaped, the property is equipped with 4 garages, and a total of 8 parking spaces. New copper piping and in very clean condition, this property has plenty of upside in market rents, and a very achievable CAP of 6.54% and 11 GRM. With 25% of rental upside, this Value-Add Property is located in the highly desirable Circle area of Long Beach, with college students and commuters all paying top dollar for rentals. Back house rents at a premium as it has it's own driveway and garage.
-
2018-06-06status Pending Sale
Show marketing remark (673 chars)
3333-3337 E. 15th St. , a 6-unit property located in Long Beach. Built on a 6,778 SF lot, the property consists of (1) 1-bed/1-bath HOUSE, and (5) 1-bed/1-bath units. Well maintained and landscaped, the property is equipped with 4 garages, and a total of 8 parking spaces. New copper piping and in very clean condition, this property has plenty of upside in market rents, and a very achievable CAP of 6.54% and 11 GRM. With 25% of rental upside, this Value-Add Property is located in the highly desirable Circle area of Long Beach, with college students and commuters all paying top dollar for rentals. Back house rents at a premium as it has it's own driveway and garage.
-
2018-04-12status Active
Show marketing remark (673 chars)
3333-3337 E. 15th St. , a 6-unit property located in Long Beach. Built on a 6,778 SF lot, the property consists of (1) 1-bed/1-bath HOUSE, and (5) 1-bed/1-bath units. Well maintained and landscaped, the property is equipped with 4 garages, and a total of 8 parking spaces. New copper piping and in very clean condition, this property has plenty of upside in market rents, and a very achievable CAP of 6.54% and 11 GRM. With 25% of rental upside, this Value-Add Property is located in the highly desirable Circle area of Long Beach, with college students and commuters all paying top dollar for rentals. Back house rents at a premium as it has it's own driveway and garage.
-
2018-04-11status Pending Sale
Show marketing remark (673 chars)
3333-3337 E. 15th St. , a 6-unit property located in Long Beach. Built on a 6,778 SF lot, the property consists of (1) 1-bed/1-bath HOUSE, and (5) 1-bed/1-bath units. Well maintained and landscaped, the property is equipped with 4 garages, and a total of 8 parking spaces. New copper piping and in very clean condition, this property has plenty of upside in market rents, and a very achievable CAP of 6.54% and 11 GRM. With 25% of rental upside, this Value-Add Property is located in the highly desirable Circle area of Long Beach, with college students and commuters all paying top dollar for rentals. Back house rents at a premium as it has it's own driveway and garage.
-
2018-03-26$1,250,000 510-char remark
Show marketing remark (673 chars)
3333-3337 E. 15th St. , a 6-unit property located in Long Beach. Built on a 6,778 SF lot, the property consists of (1) 1-bed/1-bath HOUSE, and (5) 1-bed/1-bath units. Well maintained and landscaped, the property is equipped with 4 garages, and a total of 8 parking spaces. New copper piping and in very clean condition, this property has plenty of upside in market rents, and a very achievable CAP of 6.54% and 11 GRM. With 25% of rental upside, this Value-Add Property is located in the highly desirable Circle area of Long Beach, with college students and commuters all paying top dollar for rentals. Back house rents at a premium as it has it's own driveway and garage.
-
2018-03-26$1,250,000 Active
Show marketing remark (673 chars)
3333-3337 E. 15th St. , a 6-unit property located in Long Beach. Built on a 6,778 SF lot, the property consists of (1) 1-bed/1-bath HOUSE, and (5) 1-bed/1-bath units. Well maintained and landscaped, the property is equipped with 4 garages, and a total of 8 parking spaces. New copper piping and in very clean condition, this property has plenty of upside in market rents, and a very achievable CAP of 6.54% and 11 GRM. With 25% of rental upside, this Value-Add Property is located in the highly desirable Circle area of Long Beach, with college students and commuters all paying top dollar for rentals. Back house rents at a premium as it has it's own driveway and garage.
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2003-09-29soldstatus $745,000
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2003-09-26soldstatus $745,000
-
2003-06-18$745,000
-
2000-02-14soldstatus $285,000
-
1999-12-10soldstatus $285,000
-
1999-12-10soldstatus $285,000
-
1998-07-31$289,000
-
1988-01-27soldstatus $330,000
-
1988-01-27soldstatus $330,000
-
1985-09-27soldstatus $44,000
-
1985-09-27soldstatus $106,000
-
1984-04-03soldstatus $230,000
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast CA · Resets to sale price
- Current annual tax
- $18,982 · $1,582/mo
- Projected year-2 tax
- $18,982 · $1,582/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 4/10 Moderate 7 d/yr ≥88°F today · 23 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 6/10 Major 9 unhealthy d/yr today · 10 by 30 yrs out
Nearby sold comps map
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Walkable amenities ~0.75 mi
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Taxation est. · year 1
- Rental income
- $289,236
- − Mortgage interest
- −$84,023
- − Property taxes
- −$18,982
- − Insurance
- −$7,500
- − Repairs & maintenance
- −$23,139
- − Management
- −$23,139
- − Depreciation
- −$43,636
- Taxable income
- $88,816
- Est. tax owed @ 24.0%
- −$21,316
- After-tax cash flow
- $86,304/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Long Beach Unified
- NCES district ID
- 0622500
- Math proficiency
- 34% ▼ -11.00%
- Reading proficiency
- 50% ▼ -4.00%
- Median HH income
- $56,092
- Composite
- 36.67/100
- National rank
- #4607
- State rank
- #216 of 517 in CA
Livability — Long Beach
- Score
- 67/100
- State rank
- #319
- US rank
- #10758
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Long Beach, CA
- County
- Los Angeles County · 9,444,647 people
- City population
- 466,088
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Population (ZIP)
- 38,076
- Household income
- $71,614
- Rent vs Own
- Severe rent burden
- 3426.0
Population outlook (Los Angeles County) Hauer SSP2
- Today (2025)
- 10,940,515 people
- By 2030
- 11,256,481 · +2.9%
- By 2040
- 11,729,929 · +7.2%
- By 2050
- 11,948,407 · +9.2%
- By 2075
- 11,818,114 · +8.0%
- By 2100
- 10,842,928 · -0.9%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.68)
- Race & ethnicity
- Hispanic / Latino 48% White 23% Black 12% Asian 12% Two or more races 8% Native American 2%
- Hispanic origin (detail)
- Mexican 41%
- Common ancestry
- Romanian 1% Italian 1% Lithuanian 1%
- Foreign-born
- 28% · Canada, Vietnam, China
- Languages at home
- 49% English-only · Spanish 39% Other Asian/Pacific 6% Tagalog/Filipino 2%
Political lean MEDSL · Los Angeles
- 2024 margin
- Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
- 2008→2024 swing
- -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
- All cycles
- 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -568.64%
- Current HPI
- 452.0756
- Rent YoY
- ▲ 0.57%
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- State GDP YoY
- ▲ 3.21%
- F500 in state
- 116
Industry mix (Fortune 500 HQ in CA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Technology | 27 | $1,492B |
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| Financial Services | 3 | $174B |
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| Retail | 3 | $44B |
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| Insurance | 3 | $26B |
|
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| Media / Entertainment | 2 | $115B |
|
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| Pharmaceuticals / Biotech | 2 | $62B |
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Price history
+552.2% since first listed23 events — show timeline
- 2026-04-26 Listed $1,500,000 CRMLS
- 2018-08-31 Sold (MLS) $1,253,500 CRMLS
- 2018-08-31 Sold (MLS) $1,253,500 SDMLS
- 2018-07-30 Sold (Public Records) $1,253,500 Public Records
- 2018-07-11 Pending — CRMLS
- 2018-07-06 Relisted — CRMLS
- 2018-06-06 Pending — CRMLS
- 2018-04-12 Relisted — CRMLS
- 2018-04-11 Pending — CRMLS
- 2018-03-26 Listed $1,250,000 CRMLS
- 2018-03-26 Listed $1,250,000 SDMLS
- 2003-09-29 Sold (MLS) $745,000 CRMLS
- 2003-09-26 Sold (Public Records) $745,000 Public Records
- 2003-06-18 Listed $745,000 CRMLS
- 2000-02-14 Sold (Public Records) $285,000 Public Records
- 1999-12-10 Sold (Public Records) $285,000 Public Records
- 1999-12-10 Sold (MLS) $285,000 CRMLS
- 1998-07-31 Listed $289,000 CRMLS
- 1988-01-27 Sold (Public Records) $330,000 Public Records
- 1988-01-27 Sold (Public Records) $330,000 Public Records
- 1985-09-27 Sold (Public Records) $106,000 Public Records
- 1985-09-27 Sold (Public Records) $44,000 Public Records
- 1984-04-03 Sold (Public Records) $230,000 Public Records
Property tax history
+4.2%/yrLatest (2025): $18,982 · +4.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…