1921 East Washington Street

Long Beach, CA 90805

$1,250,000
Price
7
Beds
6
Baths
3,184 Sq. Ft.
$393 / Sq. Ft.
3,184
Sq. Ft.
$393
per Sq. Ft.

Description

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
...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
$1,250,000
Price/Unit $312,500
Price/sqft $408
Current Cap Rate 5.35%
Market Cap Rate 6.26%
Current GRM 16.62
Market GRM 14.43
  1. Listed by Perry Karn • DRE #01963224 • Brokerage DRE #01969679 • Southland Property Group • 562-519-0099

Property Details for 1921 East Washington Street

Parking Spaces Total
3
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3184
Assessor Parcel Number
7128-032-018
Property Attached YN
false
LISTING UPDATED: 01/11/2025 10:19 PM

Property Details for 1921 East Washington Street

StatusActive
MLS #PW25003991
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
Lot Size0.13 AC / 5,600 SF
CountyLos Angeles County

Building Information for 1921 East Washington Street

Stories2Residences-Year Built1949Building Size-Lot Size0.13 AC / 5,600 SF

Property Information for 1921 East Washington Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $94,800
  • Gross Scheduled Income: $94,800
  • Vacancy Allowance Rate: 5
  • Gross Operating Income: $90,060
  • Net Operating Income: $81,396
Expense Details
  • Operating Expense: $8,664
  • Insurance Expense: $7,500
  • Professional Management Expense: $1,664
  • Trash Expense: $0
  • Total Expenses: $8,664
Tax / Assessment Info
  • Tax Tract Number: 4963
  • Tax Census Tract: 5706.02
  • CFD/Mello-Roos Fee: $857
  • Tax Lot: 16
Community / Development
Community / Development
  • Community Features: Suburban, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: Front of building
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: North Long Beach
  • Builders Tract Code: North Long Beach (NLB)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,430
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $909
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,354
  • Unit Type Total Rent: $1,395
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,041
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Property History for 1921 East Washington Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1921 East Washington Street

Taxable ValueLand$416,160Additions$572,500Total$988,660
Tax Record2024$13,141 ($1,095 / month)
Home Facts
Total Finished SqFt3,184 SqFtAbove Grade Finished SqFt3,184 SqFtLot Size5,600 SqFtStyleQuadraplexYear Built1949ZoningLBR2NCountyLOS ANGELESAPN7128-032-018

Schools near 1921 East Washington Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Harte Elementary School
PublicK to 5

Lindbergh Middle School
Public6 to 8

Jordan High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1921 East Washington Street is a multi-family home for sale in Long Beach, CA 90805. This property was listed for sale on January 6, 2025 by Southland Property Group, it's currently listed at $1,250,000. It has been on the market for a total of 37 days and was last sold on May 9, 2024. This listing's school district is Long Beach Unified School District. Nearby schools include Harte Elementary School, Lindbergh Middle School and Jordan High School. 1921 East Washington Street is a 7-bed, 6-bath, 3,184 sqft multi-family home built in 1949.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Southland Property Group, Perry Karn, DRE #01963224

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.