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Sold on 06/01/2026
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1339 E Wesley Dr, Long Beach, CA 90806

$1,220,000

Last sold 06/01/2026 after 81 Days

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    bed

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    bath

Multi-family not for sale

About 1339 E Wesley Dr

Property type Multi-family
Year built 1922
HOA fee $0/month
Lot size 6,581 Sqft
Rental estimate
Property description
Introducing 1339 E Wesley Drive, a high-performing 5-unit multifamily asset in Eastside Long Beach featuring a front 1BD/1BA home and a rear 4-unit building with (4) 2BD/1BA units. The property is primarily occupied with Section 8 tenants, providing guaranteed, on-time income and consistent cash flow. In 2025, the property generated approximately $114,000 in gross annual rents, representing an attractive ~9.1% gross yield at the asking price. The property offers on-site parking, a rare and highly desirable amenity in a parking impacted area. All units are separately metered for gas and electricity, include individual water heaters, and the layout is well-suited for RUBS or utility bill-backs, offering additional expense reduction potential. A compelling cash-flow investment with built-in upside in a high-demand rental market.
Listed by
Listing Agent - Luen Song
Listing Agent Contact: Write.luen@gmail.com
Listing Office - Coldwell Banker Realty
Source: CRMLS mls logo
MLS#PW26069273 • last updated 4 months ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Commercial/Residential
Status Closed
Lot Size (Acres) 0.1511
Lot Size (SqFt) 6581
Year Built 1922
Interior
Laundry Gas & Electric Dryer Hookup
Exterior
Building Area Square Feet, 2904
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Urban
Subdivision Circle (CA), Circle (CA)
Directions Between Orange And Walnut Ave.
APN 7210040013
Multifamily Details
Operating Expense 4242.7
Expense: Insurance 2456.7
Total Expenses 4142.7
Expense: Water/ Sewer 1686
Gross Income 113952
Gross Scheduled Income 113952
Rental est.: $1,382/month
Gross rent multiplier: 73.6
  • Jun 2026
    mls logo MLS # PW26069273
  • Jun 1, 2026 Sold
    $1,220,000 (-2.4%)
  • May 14, 2026 Pending
    —
  • Apr 23, 2026 Active
    —
  • Mar 12, 2026 Listed
    $1,250,000 (+6.8%)
  • Nov 2025
    mls logo MLS # PW25258255
  • Nov 3, 2025 Listed
    $1,170,000 (-8.9%)
  • Oct 2022
    mls logo MLS # PW22051854
  • Oct 5, 2022 Listed
    $1,285,000 (+8.0%)
  • Sep 6, 2022 Pending
    —
  • Aug 1, 2022 Price Change
    $1,190,000 (-6.7%)
  • Jul 18, 2022 Price Change
    $1,275,000 (-3.4%)
  • Jun 6, 2022 Price Change
    $1,320,000 (-6.4%)
  • Apr 26, 2022 Price Change
    $1,410,000 (-6.0%)
  • Mar 16, 2022 Listed
    $1,500,000 (+607.5%)
  • Jan 2011
    Public Records
  • Jan 18, 2011 Sold
    $212,000 (+315.7%)
  • Aug 2001
    Public Records
  • Aug 22, 2001 Sold
    $51,000
  • Year Property taxes Tax assessment
  • 2024
    $6,468 +1.8%
    $439,608 +2.0%
  • 2023
    $6,352 +6.2%
    $430,989
  • 2022
    $5,984 +2.4%
    $430,989 +4.04%
  • 2021
    $5,844 +0.3%
    $414,255 +1.04%
  • 2020
    $5,829 +5.6%
    $410,008 +4.04%
  • 2018
    $5,522
    $394,090
  • 1339 E Wesley Dr
    $1.22M
  • —
  • 90806
    $819K +10% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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