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2627 E Broadway, Long Beach, CA 90803
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2627 E Broadway Long Beach, CA 90803

$1,970,000 Sold Price as of 05/17/2023
  • 8 Beds
  • 7 Baths
  • 4,500 Sq.Ft.
Sold
$1,970,000 Sold Price as of 05/17/2023 Refinance Your Mortgage
Map preview of 2627 E Broadway, Long Beach, CA 90803

Property Overview: 2627 E Broadway Long Beach, CA has 8 bedrooms, 7 bathrooms, 4,500 living square feet and 7,180 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2627 E Broadway is a spectacular 4plex consisting of four separate 2 bdrm 2.5 ba units each of them adjacent to one another. The property is just a short walk to the beach. There are two end units that share only one common wall. Three units are approximately 1,000 sq ft with one larger end unit approximately 1,403 sq ft. Perfect for an owner user to live in and rent the other 3 units to generate additional income. The building has approximately 8 bedrooms and 9 bathrooms. There are 4 separate garages that can be assigned to the unit in any configuration (they are detached from the units). One of the garages is a 2 car garage and the other three garages are 1 car garages. There is a separate laundry room for the building which currently generates cash revenues. There is land space in the back of the property with opportunity improve upon.

Listed by Hugh Siu | BRE #02019011 | Swabb, Inc.
Last checked: 9 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
7,180
HOA Dues
$0/mo
Year built
1976
Garage
5 Car
Property Type:
Fourplex
Status
Sold
MLS#
OC23038605
City
Long Beach
County
Los Angeles
Time on Site
428 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,625
  • Total Rent: $1,625
  • Pro Forma/Market Rent: $1,625
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $103,900
  • Net Operating Income: $89,128
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $14,772
  • New Taxes: $9,164
  • Trash: $0
  • Insurance: $3,406
  • Water/Sewer: $2,202

Property Details for 2627 E Broadway

Interior Features
Cooling Information
  • Has Cooling
  • Electric
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Up
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Back Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7263017012
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Heights (AH)
  • Directions: from 7th St, West on Redondo, North on Broadway
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Long Beach Agent

Sale History for 2627 E Broadway

Last sold for $1,970,000 on May 17th, 2023

  • May, 2023

  • May 28, 2023

    Date

    Canceled

    CRMLS: OC23026454

    $2,500

    Price

  • Mar 8, 2023

    Date

    Active

    CRMLS: OC23026454

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    Bright and quiet 2 bedroom, 1 1/2 bath unit in a 4-unit complex. Immaculate townhouse-style apartment with small private outside patio, spacious kitchen with dishwasher. On-site laundry facilities. Private one-car garage plus one outside parking space included. Good credit required.

  • May, 2023

  • May 17, 2023

    Date

    Sold

    CRMLS: OC23038605

    $1,970,000

    Price

  • Mar 8, 2023

    Date

    Active

    CRMLS: OC23038605

    $1,950,000

    Price

  • January, 2023

  • Jan 1, 2023

    Date

    Expired

    CRMLS: OC22194195

    $2,100,000

    Price

  • Sep 3, 2022

    Date

    Active

    CRMLS: OC22194195

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    2627 E Broadway is a spectacular 4plex consisting of four separate 2 bdrm 2.5 ba units each of them adjacent to one another. There are two end units that share only one common wall. Three units are approximately 1,000 sq ft with one larger end unit approximately 1,403 sq ft. Perfect for an owner user to live in and rent the other 3 units to generate additional income. The building has approximately 8 bedrooms and 9 bathrooms. There are 4 separate garages that can be assigned to the unit in any configuration (they are detached from the units). One of the garages is a 2 car garage and the other three garages are 1 car garages. There is a separate laundry room for the building which currently generates cash revenues. There is open space in the back that can be used to possibly add ADUs.

  • November, 2022

  • Nov 18, 2022

    Date

    Leased

    CRMLS: OC22194140

    $2,500

    Price

  • Sep 2, 2022

    Date

    Active

    CRMLS: OC22194140

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    Bright and quiet 2 bedroom, 1 1/2 bath unit in a 4-unit complex. Immaculate townhouse-style apartment with small private outside patio, spacious kitchen with dishwasher. On-site laundry facilities. Private one-car garage plus one outside parking space included. Good credit required.

  • June, 2012

  • Jun 22, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2007

  • Oct 2, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2627 E Broadway

Assessed Value (2020): $684,981
Year Land Value Improved Value Assessed Value
2020 $350,305 $334,676 $684,981

Home Value Compared to the Market

This property vs the competition

2627 E Broadway sold on May 17, 2023 for 143.75% 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 $433.33 per/sqft which puts the price per square foot 31.43% lower than the current median sale per square foot for the city of Long Beach.

About 2627 E Broadway

Detailed summary of property

2627 E Broadway is a fourplex that recently sold in Long Beach, CA 90803. This fourplex offered 8 bedrooms, 7 bathrooms, roughly 4,500 living square feet, and sits on an approximately 7,180 square foot lot. 2627 E Broadway was first listed on ArdentRealEstateGroup.com on March 8, 2023. The homeowner sold the property for $1,970,000. 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 143.75% higher than the current median priced home. Local homes that are currently for sale include 239 Ximeno Ave, 337 Ximeno Ave and 337 Ximeno Ave. While the average home in Long Beach, CA is selling in 53 days, 2627 E Broadway has a days on market of 9 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 2627 E Broadway Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2627 E Broadway

Public county record property details
Beds
8
Baths
9
Year built
1976
Sq. Ft.
4,403
Lot Size
7,179
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
24
APN
7263-017-012

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,495,000
Median List Price/Sq.Ft.
$840
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
105
Median Sale to List Price %
100%
Avg Days on Market
57
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (43.75%), Other (6.25%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(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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