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3011 E 4th St, Long Beach, CA 90814
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3011 E 4th St Long Beach, CA 90814

$2,320,000 Sold Price as of 03/16/2021
  • 17 Beds
  • 9 Baths
  • 6,403 Sq.Ft.
Sold
$2,320,000 Sold Price as of 03/16/2021 Refinance Your Mortgage
Map preview of 3011 E 4th St, Long Beach, CA 90814

Property Overview: 3011 E 4th St Long Beach, CA has 17 bedrooms, 9 bathrooms, 6,403 living square feet and 6,753 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 3011 E. 4th Street is an 8-unit apartment building located in the heart of the popular 4th Street-Retro Row neighborhood of Long Beach. The asset provides a value-add opportunity with +/-18% rental upside potential. The property offers an attractive mix of (7) two-bedroom / one-bath units and (1) three-bedroom / two-bath unit. Three of the units have been fully renovated, with improvements that include quartz countertops, new hardwood flooring and new cabinets. Ample parking is available with four garages with tandem driveway spaces in front of building. The 4th Street-Retro Row neighborhood is in high rental demand because of its walkability to a plethora of dining and shopping amenities as well as its close proximity to East Village Arts District and Downtown Long Beach employment.

Listed by Robert Stepp | BRE #01456379 | Keller Williams - Santa Monica
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 288

Home details

Lot Sq. Ft
6,753
HOA Dues
$0/mo
Year built
1963
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20073709
City
Long Beach
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,641
  • Total Rent: $11,487
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $171,230
  • Net Operating Income: $109,347
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $53,322
  • Electric: $1,196
  • Gas/Fuel: $1,196
  • Licenses: $500
  • New Taxes: $31,651
  • Trash: $1,196
  • Gardener: $1,200
  • Insurance: $2,967
  • Maintenance: $3,000
  • Professional Management: $7,320
  • Water/Sewer: $1,196
  • Other Expenses: $1,400
  • Other Expense Description: Reserves

Property Details for 3011 E 4th St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Garage - Single Door, Tandem Uncovered
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 7257005017
  • 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: Other (OTHR)
  • Other Subdivision Name: Retro Row
  • Directions: Redondo Ave & E 4th St
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 3011 E 4th St

Last sold for $2,320,000 on March 16th, 2021

  • March, 2021

  • Mar 16, 2021

    Date

    Sold

    CRMLS: PW20073709

    $2,320,000

    Price

  • Jan 28, 2021

    Date

    Pending

    CRMLS: PW20073709

    $2,500,000

    Price

  • Apr 15, 2020

    Date

    Active

    CRMLS: PW20073709

    $2,500,000

    Price

  • February, 2018

  • Feb 22, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,961,000

    Price

  • July, 2017

  • Jul 21, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,961,000

    Price

Show More

Tax History for 3011 E 4th St

Assessed Value (2020): $2,041,014
Year Land Value Improved Value Assessed Value
2020 $1,248,480 $792,534 $2,041,014

Home Value Compared to the Market

This property vs the competition

3011 E 4th St sold on March 16, 2021 for 205.25% 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 $390.44 per/sqft which puts the price per square foot 37.83% lower than the current median sale per square foot for the city of Long Beach.

About 3011 E 4th St

Detailed summary of property

3011 E 4th St is a multi family that recently sold in Long Beach, CA 90814. This multi family property offered 17 bedrooms, 9 bathrooms, roughly 6,403 living square feet, and sits on an approximately 6,753 square foot lot. 3011 E 4th St was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $2,320,000. 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 205.25% higher than the current median priced home. Local homes that are currently for sale include 4016 E Wilton, 1724 Cherry Ave and 268 Park Avenue. While the average home in Long Beach, CA is selling in 62 days, 3011 E 4th St has a days on market of 288 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 3011 E 4th St Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 3011 E 4th St

Public county record property details
Beds
15
Baths
9
Year built
1963
Sq. Ft.
6,403
Lot Size
6,752
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3-4,6
APN
7257-005-017

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$625,000
Median List Price/Sq.Ft.
$642
Median Sold Price
$692,500
Median Sold Price/Sq.Ft.
$596
Total Inventory
45
Median Sale to List Price %
106.54%
Avg Days on Market
31
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (21.43%), Other (35.71%)

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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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