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1535 E 4Th St Long Beach, CA 90802

$1,500,000 Sold Price as of 08/06/2024

5 Beds
3.5 Baths
2,841 Sq.Ft.

Sold

$1,500,000 Sold Price as of 08/06/2024 Refinance Your Mortgage

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Map preview of 1535 E 4Th St, Long Beach, CA 90802

Property Overview: 1535 E 4Th St Long Beach, CA has 5 bedrooms, 3.5 bathrooms, 2,841 living square feet and 7,533 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Investment! Rarely on the market MIX USE PROPERTY in the The 4th Street Corridor, also known as Retro Row district. 3 Residential Units plus 1 commercial unit currently used as a restaurant (Jerry's Breakfast Place). Commercial Unit has a storage unit that is in the rear of restaurant. Front house is a Large 2 story 3bedrooms -1bathroom house. Attached is a non conforming 1 bedroom/ 3/4 bath unit that was present from inception of current ownership; Unit can possibly be converted to ADU. Detached back house is also a Large 1bedroom-1bathroom with dinning area, front yard and backyard; this house has room add additional square footage possibly turning into a 2 bedroom and also converting the garage into a Junior ADU. Please verify with city of Long Beach. These units have a 5 car garage off alley. Central courtyard for entertaining. A few blocks to the ocean. Live in one unit and let the other units help cover your mortgage. Freshly painted, quiet area, great neighborhood! A Rare find. Maybe eligible for SBA 7a Loan or SBA 504 loan with 10% down.

Listed by Jocelyn Thav | BRE #01464845 | Jocelyn Thav, Broker

Last checked: 13 minutes ago | Last updated: August 21st, 2024 | Source CRMLS | DOM: 106

Home details

Lot Sq. Ft: 7,533
HOA Dues: $0/mo
Year built: 1909
Garage: --
Property Type:: Mixed Use

Status: Sold
MLS#: PW24080350
City: Long Beach
County: Los Angeles
Time on Site: 149 days

Property Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 4
# of Leased Units: 4

Unit Breakdown 1

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,491
Total Rent: $2,491
Pro Forma/Market Rent: $3,500

Unit Breakdown 2

# of Units: 1
# of Beds: 3
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Furnished
Actual Rent: $2,150
Total Rent: $2,150
Pro Forma/Market Rent: $3,600

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Furnished
Actual Rent: $1,115
Total Rent: $1,115
Pro Forma/Market Rent: $2,000

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Furnished
Actual Rent: $1,850
Total Rent: $1,850
Pro Forma/Market Rent: $2,500

Property Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $91,272
Net Operating Income: $78,783
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $12,489
Electric: $0
Trash: $0
Insurance: $2,353
Water/Sewer: $1,500
Other Expenses: $900

Property Details for 1535 E 4Th St

Interior Features

Cooling Information

Has Cooling
Wall/Window Unit(s)

Heating Information

Has Heating
Wall Furnace

Laundry Information

Inside, Washer Hookup

Exterior Features

Exterior Information

Roof: Shingle
Has Fence
Wrought Iron

Lot Details / Garage and Parking

Lot Information

Lot Features: 0-1 Unit/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Total # of Units: 4
Parcel Number: 7266018025
Year Built Source: Public Records
Entry Level: 2

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Water Source: Public
Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected

Location / Neighborhood

Location Information

Directions: Walnut and 4th Street

View more facts & features

Local Long Beach Agent

Sale History for 1535 E 4Th St

Last sold for $1,500,000 on August 6th, 2024

August, 2024
Aug 6, 2024

Date

Sold

CRMLS: PW24080313

$1,500,000

Price
Apr 22, 2024

Date

Active

CRMLS: PW24080313

$1,699,000

Price
Listing provided courtesy of CRMLS

Great Investment! Rarely on the market MIX USE PROPERTY in the The 4th Street Corridor, also known as Retro Row district. 3 Residential Units plus 1 commercial unit currently used as a restaurant (Jerry's Breakfast Place). Commercial Unit has a storage unit that is in the rear of restaurant. Front house is a Large 2 story 3bedrooms -1bathroom house. Attached is a non conforming 1 bedroom/ 3/4 bath unit that was present from inception of current ownership; Unit can possibly be converted to ADU. Detached back house is also a Large 1bedroom-1bathroom with dinning area, front yard and backyard; this house has room to add additional square footage possibly turning into a 2 bedroom and also converting the garage into a Junior ADU. Please verify with city of Long Beach. These units have a 5 car garage off alley. Central courtyard for entertaining. A few blocks to the ocean. Live in one unit and let the other units help cover your mortgage. Freshly painted, quiet area, great neighborhood! A Rare find.

Continue Reading
August, 2024
Aug 6, 2024

Date

Sold

CRMLS: PW24080350

$1,500,000

Price
Apr 22, 2024

Date

Active

CRMLS: PW24080350

$1,699,000

Price
April, 2018
Apr 17, 2018

Date

Expired

CRMLS: SR17247234

$940,000

Price
Feb 5, 2018

Date

Withdrawn

CRMLS: SR17247234

$940,000

Price
Jan 31, 2018

Date

Price Change

CRMLS: SR17247234

$940,000

Price
Jan 13, 2018

Date

Active

CRMLS: SR17247234

$995,000

Price
Dec 19, 2017

Date

Active Under Contract

CRMLS: SR17247234

$995,000

Price
Nov 17, 2017

Date

Price Change

CRMLS: SR17247234

$995,000

Price
Oct 30, 2017

Date

Active

CRMLS: SR17247234

$1,045,000

Price
Listing provided courtesy of CRMLS

Outstanding opportunity to own a neighborhood mixed use property on Retro Row (4th St.). This up and coming North Alamitos Beach area has many retro shops and restaurants. It is close to the redeveloped downtown Long Beach, area beaches and over 100 miles of bike trails. There is also a local bike sharing program sponsored by the city. The property consists of two single family residences and one commercial tenant. The residential units consist of a rear 1 bedroom + 1 bath house with a private side yard and patio, a two story 2 bedroom + 1 bath house with an attached studio + 3/4 bath apartment rented for $525 per month. The studio could possibly be combined with the house for a 3 bedroom + 1 3/4 bath house. The studio is good size with a bedroom area and outer room with mini kitchenette with sink, cabinets and counter top - no stove or oven but room for microwave, etc. Both houses have had some updating with newer windows, some laminate and tile flooring, faux granite counter tops, and hardwood kitchen cabinets. Buyer to verify extent of updates and additions. Residential units are rented at below market rents. The commercial building is occupied by Jerry's Breakfast Place. This popular neighborhood spot features American/Mexican style breakfast and lunch. There is an outdoor rear patio and front street seating as well. It is open seven days a week.

Continue Reading
May, 2013
May 7, 2013

Date

Sold (Public Records)

Public Records

$460,000

Price
August, 2000
Aug 2, 2000

Date

Sold (Public Records)

Public Records

$212,500

Price

Tax History for 1535 E 4Th St

Assessed Value (2020): $517,945

Year	Land Value	Improved Value	Assessed Value
2020	$253,343	$264,602	$517,945

Home Value Compared to the Market

This property vs the competition

1535 E 4Th St sold on August 6, 2024 for 107.45% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $598.03 per/sqft which puts the price per square foot 4.77% lower than the current median sale per square foot for the city of Long Beach.

About 1535 E 4Th St

Detailed summary of property

1535 E 4Th St is a mixed use that recently sold in Long Beach, CA 90802. This mixed use property offered 5 bedrooms, 3.5 bathrooms, roughly 2,841 living square feet, and sits on an approximately 7,533 square foot lot. 1535 E 4Th St was first listed on ArdentRealEstateGroup.com on April 22, 2024. The homeowner sold the property for $1,500,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 107.45% higher than the current median priced home. Local homes that are currently for sale include 3498 Union Pacific Ave, 2027 W Florence Ave and 12602 Hadley St. While the average home in Long Beach, CA is selling in 62 days, 1535 E 4Th St has a days on market of 106 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1535 E 4Th St Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1535 E 4Th St

Public county record property details

Beds: --
Baths: --
Year built: 1909
Sq. Ft.: 2,841
Lot Size: 7,532
Stories: 1

Type: Commercial/Office/Residential (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 19
APN: 7266-018-025

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$569,000

Median List Price/Sq.Ft.

$660

Median Sold Price

$515,000

Median Sold Price/Sq.Ft.

$619

Total Inventory

173

Median Sale to List Price %

100.39%

Avg Days on Market

Loan Type

Conventional (60.71%), FHA (7.14%), VA (0%), Cash (14.29%), Other (17.86%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.