Opening page…
Closed
- Listed price
- $629,000
- Listed Jan 17, 2012
- Sold price
- $587,000
- Sold Jun 22, 2012
01988 Built|161 days listed
40 E MARKET St E, Long Beach, CA 90805
Property Description
35% down payment required. Must close within 30 days of accepted offer. Built in 1988 this fourplex consists of (2) two bedroom two bathroom units and (2) two bedroom three bathroom units. The current cap rate is over 7% and there is a 10% cash-on-cash return with current loan rates. Tenant with low rent currently does all maintenance on property for a $375 rent credit, $1,000 is actual rent paid after rent credit. Arrangement can be changed. Tenant amenities include newer construction (1988), double car garages for each unit, secured parking, separate hot water heaters, and laundry hookups for each unit. The units are separately metered for gas and electric. Desirable location, down the street from Addams elementary school and the post office, with quick freeway access to the 710 fwy.
Listing agent: Richard BellDRE #01344469rbell@vanguardproperty.com, Listing office: Vanguard Investment Properties
MLS data updated 10/19/2026, 8:55:47 PM PT
Source: CRMLSMLS #: P810183
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$587,000
Jun 22, 2012
Available records32012
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90805 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90805 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.