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3701 E 4Th St, Long Beach, CA 90814
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3701 E 4Th St Long Beach, CA 90814

$995,000 Sold Price as of 06/16/2022
  • 3 Beds
  • 2 Baths
  • 1,273 Sq.Ft.
Sold
$995,000 Sold Price as of 06/16/2022 Refinance Your Mortgage
Map preview of 3701 E 4Th St, Long Beach, CA 90814

Property Overview: 3701 E 4Th St Long Beach, CA has 3 bedrooms, 2 bathrooms, 1,273 living square feet and 6,501 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 3701 E 4th Street is a well-positioned mixed-use property in Long Beach. Built in 1921, the existing 1,210 SF building sits on a 6,501 SF lot, and features (1) food use/restaurant unit (1) 3-Bed/1-Bath house, and (1) non-conforming studio unit in the back. Currently with a 4.17% market cap, this property is a unique opportunity for any investor or owner-user looking to capitalize on mixed use potential and a value-add proposition.

Listed by Brett Lyon | BRE #01717818 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by J.Woody Stahl | BRE #01399621 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 14 minutes ago | Last updated: March 21st, 2023 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
6,501
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB22078174
City
Long Beach
County
Los Angeles
Time on Site
885 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,600
  • Total Rent: $3,600
  • Pro Forma/Market Rent: $3,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $64,800
  • Net Operating Income: $41,579
  • Gross Operating Income: $61,560
  • Vacancy Allowance: $3,240
Annual Expense Breakdown
  • Total Operating Expense: $19,981
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $12,505
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $637
  • Maintenance: $3,240
  • Other Expenses: $2,400
  • Other Expense Description: Utility

Property Details for 3701 E 4Th St

Interior Features
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 7255002012
  • 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: Belmont Heights (BH)
  • Directions: 5 Parcels West of the Intersection of E 4th Street and Grand Ave
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 3701 E 4Th St

Last sold for $995,000 on June 16th, 2022

  • April, 2022

  • Apr 18, 2022

    Date

    Active

    CRMLS: SB22078317

    $995,000

    Price

  • Listing provided courtesy of CRMLS

  • April, 2022

  • Apr 18, 2022

    Date

    Active

    CRMLS: SB22078174

    $995,000

    Price

  • September, 1999

  • Sep 23, 1999

    Date

    Sold (Public Records)

    Public Records

    $102,500

    Price

Show More

Tax History for 3701 E 4Th St

Assessed Value (2020): $351,330
Year Land Value Improved Value Assessed Value
2020 $281,069 $70,261 $351,330

Home Value Compared to the Market

This property vs the competition

3701 E 4Th St sold on June 16, 2022 for 21.49% 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 $781.62 per/sqft which puts the price per square foot 24.46% higher than the current median sale per square foot for the city of Long Beach.

About 3701 E 4Th St

Detailed summary of property

3701 E 4Th St is a multi family that recently sold in Long Beach, CA 90814. This multi family property offered 3 bedrooms, 2 bathrooms, roughly 1,273 living square feet, and sits on an approximately 6,501 square foot lot. 3701 E 4Th St was first listed on ArdentRealEstateGroup.com on April 18, 2022. The homeowner sold the property for $995,000. 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 21.49% higher than the current median priced home. Local homes that are currently for sale include 1339 Peterson Ave, 1039 E 10th St and 1132 E Arcadia Court. While the average home in Long Beach, CA is selling in 62 days, 3701 E 4Th St has a days on market of 19 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 3701 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 3701 E 4Th St

Public county record property details
Beds
3
Baths
1
Year built
1921
Sq. Ft.
1,210
Lot Size
6,500
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
6,24
APN
7255-002-012

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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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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