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3627 E 4Th St, Long Beach, CA 90814
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3627 E 4Th St Long Beach, CA 90814

$1,760,000 Sold Price as of 09/12/2023
  • 6 Beds
  • 4 Baths
  • 4,000 Sq.Ft.
Sold
$1,760,000 Sold Price as of 09/12/2023 Refinance Your Mortgage
Map preview of 3627 E 4Th St, Long Beach, CA 90814

Property Overview: 3627 E 4Th St Long Beach, CA has 6 bedrooms, 4 bathrooms, 4,000 living square feet and 6,504 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present this incredible value-add opportunity in a prime Long Beach location, 3627 E 4th St Long Beach, CA 90814. This property sits on a 6,500+ square foot lot, and is located in one of Long Beach's most sought-after neighborhoods, Belmont Heights. The building currently consists of two 1 bed/1 bath and two 2 bed/1 bath units. This offering allows the possibility for a savvy investor to add ADU's in the rear of the property, for additional income. Not taking into the account the addition of ADU's, 3627 E 4th St currently offers 14% upside in net operating income, upon leasing out all of the units at market rents. The property has recently received new copper plumbing, electrical upgrades, and $50,000 worth of exterior renovations. This investment property is truly a gem, as it has been well taken-care-of, resides in a remarkable location, has development potential, and offers the opportunity for an investor to realize more than 14% in upside

Listed by Shane Young | BRE #01963090 | Younglewin Advisors, Inc.
Last checked: 9 minutes ago | Last updated: September 13th, 2023 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft
6,504
HOA Dues
$0/mo
Year built
1924
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW23139703
City
Long Beach
County
Los Angeles
Time on Site
419 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $1,595
  • Total Rent: $1,595
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $2,595
  • Total Rent: $2,595
  • Pro Forma/Market Rent: $2,595
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $2,595
  • Total Rent: $2,595
  • Pro Forma/Market Rent: $2,595
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $100,001
  • Net Operating Income: $65,349
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $34,643
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 3627 E 4Th St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Back Yard, Yard
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7255002009
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Close to E 4th St & Loma Ave
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Long Beach Agent

Sale History for 3627 E 4Th St

Last sold for $1,760,000 on September 12th, 2023

  • September, 2023

  • Sep 12, 2023

    Date

    Sold

    CRMLS: PW23139703

    $1,760,000

    Price

  • Jul 31, 2023

    Date

    Active

    CRMLS: PW23139703

    $1,750,000

    Price

  • August, 2023

  • Aug 21, 2023

    Date

    Expired

    CRMLS: CV23029074

    $1,699,888

    Price

  • Feb 20, 2023

    Date

    Active

    CRMLS: CV23029074

    $1,699,888

    Price

  • Listing provided courtesy of CRMLS

    Welcome to this exceptional investment opportunity in Long Beach, California! This four-unit apartment complex boasts a prime location just a stone's throw away from Belmont Shore and Bluff Heights neighborhoods. The property is situated in an area highly sought after for its historical significance and offers modern amenities that guarantee maximum comfort for your tenants. Each unit has been designed with practicality in mind, featuring newer plumbing, upgraded electrical, built-in cabinets, walk-in closets, and hardwood floors throughout. Additionally, the kitchens come with newer appliances, and built-in china cabinets are available. Each unit also has its separate garage and a well-maintained on-site laundry facility. The landscape is beautifully maintained and fully irrigated, adding to the property's allure. Long Beach is a thriving city with a solid rental market, and this property is a sound investment for any real estate portfolio. With the potential for increased cap rates, you can expect excellent returns for years to come. This property provides an opportunity not to be missed for both seasoned investors and beginners. Contact us today to schedule a showing and witness this property’s potential. Don't miss out!

  • January, 2003

  • Jan 16, 2003

    Date

    Sold (Public Records)

    Public Records

    $617,500

    Price

  • June, 1998

  • Jun 15, 1998

    Date

    Sold (Public Records)

    Public Records

    $350,000

    Price

Show More

Tax History for 3627 E 4Th St

Assessed Value (2020): $817,752
Year Land Value Improved Value Assessed Value
2020 $599,909 $217,843 $817,752

Home Value Compared to the Market

This property vs the competition

3627 E 4Th St sold on September 12, 2023 for 113.68% 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 $437.5 per/sqft which puts the price per square foot 30.33% lower than the current median sale per square foot for the city of Long Beach.

About 3627 E 4Th St

Detailed summary of property

3627 E 4Th St is a fourplex that recently sold in Long Beach, CA 90814. This fourplex offered 6 bedrooms, 4 bathrooms, roughly 4,000 living square feet, and sits on an approximately 6,504 square foot lot. 3627 E 4Th St was first listed on ArdentRealEstateGroup.com on July 29, 2023. The homeowner sold the property for $1,760,000. 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 113.68% higher than the current median priced home. Local homes that are currently for sale include 108 Bennett Ave, 268 Park Avenue and 35 Ximeno Ave. While the average home in Long Beach, CA is selling in 62 days, 3627 E 4Th St has a days on market of 25 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 3627 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 3627 E 4Th St

Public county record property details
Beds
4
Baths
4
Year built
1924
Sq. Ft.
4,000
Lot Size
6,503
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
19,20
APN
7255-002-009

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%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 3627 E 4Th St

3701 E 4th St, Long Beach, CA 90814
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$1,555,000 Last Sold Price
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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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