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1625 E 4th St, Long Beach, CA 90802
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1625 E 4th St Long Beach, CA 90802

$1,400,000 Sold Price as of 01/13/2021
  • 5 Beds
  • 6 Baths
  • 4,404 Sq.Ft.
Sold
$1,400,000 Sold Price as of 01/13/2021 Refinance Your Mortgage
Map preview of 1625 E 4th St, Long Beach, CA 90802

Property Overview: 1625 E 4th St Long Beach, CA has 5 bedrooms, 6 bathrooms, 4,404 living square feet and 6,618 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Well priced and well located 6 unit property located in Alamitos Beach, only a few blocks from the infamous 4th Street Retro Row. The 6 unit property is comprised of 3 separate structures on a large 6,618 SF Lot. The front structure is a 1,072 SF 3bed/1bth Craftsman home. The middle structure is 1,980 SF and made up of a 4 studio units, two on the first floor and two on the second floor. Approximately 500 SF each. The rear structure is comprised of a large, approx. 1300 SF 2bd/1bth unit over 3 single car garages. Building is separately metered for gas and electricity. Same owner for 40+ years. Front house and some of the studios have been lightly remodeled in the last year. Property needs a little TLC. Upside in the rents and amazing location! Don't miss this great investment opportunity in a dense rental market with low vacancy rate and strong income.

Listed by Spencer Pabst | BRE #01849377 | Pabst, Kinney & Associates
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
6,618
HOA Dues
$0/mo
Year built
1923
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20220933
City
Long Beach
County
Los Angeles
Time on Site
1300 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
  • # of Leased Units: 5
  • # of Electric Meters: 7
  • # of Gas Meters: 6
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,695
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,475
  • Total Rent: $3,475
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $4,770
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $6,065
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $7,360
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $8,560
  • Pro Forma/Market Rent: $1,595
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $103,920
  • Net Operating Income: $103,920
  • Gross Operating Income: --
  • # of Rented Garages: 1
  • Garage Rental Income: $100
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 1625 E 4th St

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7266019025
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: 4th Street
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1625 E 4th St

Last sold for $1,400,000 on January 14th, 2021

  • January, 2021

  • Jan 14, 2021

    Date

    Sold

    CRMLS: PW20220933

    $1,400,000

    Price

  • Nov 20, 2020

    Date

    Pending

    CRMLS: PW20220933

    $1,499,500

    Price

  • Nov 2, 2020

    Date

    Active Under Contract

    CRMLS: PW20220933

    $1,499,500

    Price

  • Oct 20, 2020

    Date

    Active

    CRMLS: PW20220933

    $1,499,500

    Price

  • January, 2021

  • Jan 14, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,400,000

    Price

Show More

Tax History for 1625 E 4th St

Assessed Value (2020): $284,911
Year Land Value Improved Value Assessed Value
2020 $158,068 $126,843 $284,911

Home Value Compared to the Market

This property vs the competition

1625 E 4th St sold on January 13, 2021 for 87.44% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $340.49 per/sqft which puts the price per square foot 46.13% lower than the current median sale per square foot for the city of Long Beach.

About 1625 E 4th St

Detailed summary of property

1625 E 4th St is a multi family that recently sold in Long Beach, CA 90802. This multi family property offered 5 bedrooms, 6 bathrooms, roughly 4,404 living square feet, and sits on an approximately 6,618 square foot lot. 1625 E 4th St was first listed on ArdentRealEstateGroup.com on October 20, 2020. The homeowner sold the property for $1,400,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 87.44% higher than the current median priced home. Local homes that are currently for sale include 1761 Redondo Ave, 204 Mira Mar Ave and 3915 E 11th St. While the average home in Long Beach, CA is selling in 51 days, 1625 E 4th St has a days on market of 14 days. There are currently 639 homes for sale in the Long Beach real estate market and 354 of them are single family homes while 271 of them are condos and 14 are townhomes. For more information on this home for sale at 1625 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 1625 E 4th St

Public county record property details
Beds
14
Baths
6
Year built
1923
Sq. Ft.
4,404
Lot Size
6,618
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
7266-019-025

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
$530,000
Median List Price/Sq.Ft.
$630
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
133
Median Sale to List Price %
102.86%
Avg Days on Market
37
Loan Type
Conventional (51.52%), FHA (3.03%), VA (3.03%), Cash (24.24%), Other (15.15%)

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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.

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