1921 E Washington St Long Beach, CA 90805
Lindbergh NeighborhoodEstimated payment $7,514/month
About This Home
Perfect for investors with a current cap rate of 7.07% and GRM of 12.81 and a market cap rate of 8.47% and GRM
of 10.86. Located on a quiet side street off one of the major thoroughfares in North Long Beach providing a great location and ease of commute for
tenants. The property is close to local bus stops, multiple parks, and shopping centers, as well as The Michelle Obama Library. The property sits within 2 miles of both the 91 and 710 freeways. The property is also only a short drive to both downtown Long Beach and the Beach. This fourplex
consists of a front building made up of three 1 Bed 1 Bath units each with a garage, and a rear building which is a detached 4 Bed 2 Bath house. The
rear house sits at ~1728 sqft. While the front building units average ~485 sqft. The tenants pay their own utilities, keeping the utilities low. This
building is currently fully occupied and has had less than 3% vacancy over the last 3 years. Two of the units have been partially renovated during
the most recent tenant transitions. This property also has storage and laundry room opportunities for potential sellers to build out. Price
$1,150,000 Price/Unit $287,500 Price/sqft $361 Current Cap Rate 7.07% Market Cap Rate 8.47% Current GRM 12.81 Market GRM 10.86. Property is priced to sell, seller is firm on price.
Listing Agent
Southland Property Group Brokerage Phone: 562-519-0099 License #01963224 Listed on: 03/21/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 5,600 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 3 Open Parking Spaces
- 3 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 3,184 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tax Lot 16
- Tax Tract Number 4963
- Assessor Parcel Number 7128032018
- $946 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
- North Long Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $8,500
- Operating Expense $8,500
- Gross Income $89,791
- Net Operating Income $81,291
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,337 | $1,133,923 | $416,241 | $717,682 |
| 2024 | $13,141 | $988,380 | $416,160 | $572,220 |
| 2023 | $12,918 | $969,000 | $408,000 | $561,000 |
| 2022 | $12,132 | $950,000 | $400,000 | $550,000 |
| 2021 | $1,925 | $95,297 | $28,962 | $66,335 |
| 2020 | $1,919 | $94,601 | $28,666 | $65,935 |
| 2019 | $1,898 | $92,752 | $28,104 | $64,648 |
| 2018 | $1,762 | $90,939 | $27,553 | $63,386 |
| 2016 | $1,613 | $87,140 | $26,484 | $60,656 |
| 2015 | $1,564 | $85,832 | $26,087 | $59,745 |
| 2014 | $1,579 | $84,151 | $25,576 | $58,575 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/23/2026 04/23/26 | Pending | -- | -- | -- |
| 03/21/2026 03/21/26 | For Sale | $1,150,000 | -- | $361 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $170,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Investors Title Company |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $820,000 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26061687
APN: 7128-032-018
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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