North Long Beach (90805) Multi-Unit Market Update — July 2026: Prices Up 20%, Sales Surge, and Inventory Keeps Compressing
The June 2026 numbers for North Long Beach's multifamily market just came in, and the story they're telling is worth paying attention to.
Median sold price: $1,150,000 — up 20.4% from May. Seven properties closed, which is 75% more transactions than the prior month. Those deals closed at 99% of list price in a median of 26 days. Buyers are not waiting out sellers here, and sellers are not cutting.
Here's the full breakdown.
What Sold in June 2026
Seven multi-unit properties closed in 90805 last month — up 75% from April. Median sold price landed at $1,150,000. Median price per square foot: $361, up 15.3% month-over-month. Total closed volume: $8.94 million across those seven transactions.
Sellers averaged 98.99% of list price. That's up 1% from the month before, and it tells you everything about who has leverage in this market right now.
Median days on market to contract: 26. That's actually up 23.8% from last month, but you need the context: everything in 90805 that's selling is doing so in under a month. The actives that aren't selling are sitting at 56 days. The spread between those two numbers is where the pricing discipline shows up — and it's the same pattern you see across other active Long Beach submarkets right now.
What's Active Right Now
26 active multi-unit listings in 90805, down 7.1% from last month. Median list price on active inventory: $1.24M, ticking up 0.8% month-over-month. Median price per square foot: $408. Total active dollar volume: $31.98 million.
Active listings are averaging 56 days in RPR — up 36.6% from May. That creates a bifurcated picture: correctly-priced deals move in 26 days, everything else approaches two months. The Long Beach ADU and multifamily planning program has historically attracted investor-friendly deal flow to this zip, which tends to make the 26-day sales reflect real institutional conviction rather than one-off urgency.
New Listings
9 new multi-unit properties hit the market in June — down 25% from May. Median list price on new inventory came in at $1.04M (down 13.4% MoM), with a median living area of 3,480 square feet (up 38.6% MoM). Larger buildings, lower price points — the new supply skews toward bigger value-add assets.
Only 2 new listings went pending during June, down 71.4% from May. New demand activity is thin. But when a transaction does close, it closes decisively — and running the right pre-offer analysis is exactly what separates the buyers who move fast with confidence from those who hesitate until the deal is gone.
The Inventory Picture
Months of supply in 90805: 4.33, down 7.3% from last month and down 22.7% over the trailing 12 months.
A year ago, this market was closer to 5.6 months of supply. The compression has been steady. RPR currently classifies 90805 as a seller's market, and the sold data backs it up: 99% of list, 26 days, prices up 20% month-over-month.
Median estimated property value sits at $837,000, up 1.1% month-over-month and 1.6% over the past year. That's the long-run appreciation number running quietly underneath the more volatile sales activity — part of what makes the three-benefit wealth stack in SoCal multi-units work so efficiently in this pocket.
What This Means If You're Buying
The negotiating window between list and close is essentially shut. If your underwriting model assumes 5–8% below ask in 90805, the June data says you're pricing in the wrong market. Move fast, structure cleanly, and let the numbers do the work.
For investors evaluating financing, the NOI figures on North Long Beach multi-units have consistently supported DSCR underwriting without relying on personal income documentation — which matters if you're stacking multiple properties or don't want to fight through a conventional income qualification process on a 7-unit.
What This Means If You're Selling
Inventory is tightening, prices are moving up, and buyers are paying close to full ask. The 26-day median close time tells you what properly priced properties are doing. The 56-day median on active listings tells you what happens when they're not.
With 26 active listings competing for a thin buyer pool, pricing and presentation are the variables you control. Worth noting: properties in 90805 built before 1978 typically fall under Los Angeles's Rent Stabilization Ordinance, and buyers will factor that into their underwriting — which means how you frame the rent roll and income story in your listing directly affects what buyers are willing to pay.
The Bottom Line
North Long Beach's multifamily market closed June on a strong note: transaction volume up 75%, prices up 20.4%, sold-to-list ratio tight at 99%. The 12-month inventory compression is the underlying structural story — fewer months of supply, steadily, for a year. That trend points toward continued seller advantage and less negotiating leverage for buyers as 2026 moves forward.
If you're tracking 90805 inventory or running numbers on a specific deal, I cover this market every month and can walk through what a particular property looks like at your financing structure.
Text or call: (714) 860-2868
Dylan Serna is an ADU specialist agent serving Orange County and Los Angeles County. Schedule a consultation or download the free ADU Seller Kit.
