3922 E Broadway Long Beach, CA 90803

$875,000 Sold Price as of 05/03/2018

2 Beds
2 Baths
2,635 Sq.Ft.

Off Market

$875,000 Sold Price as of 05/03/2018 Refinance Your Mortgage

Map preview of 3922 E Broadway, Long Beach, CA 90803

Property Overview: 3922 E Broadway Long Beach, CA has 2 bedrooms, 2 bathrooms, 2,635 living square feet and 3,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

3922 E Broadway is currently an off market home in the city of Long Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Long Beach has a median list price of $769,000. The median price per/sqft for Long Beach is $648. With those numbers in mind, if you are looking to purchase a median priced home in Long Beach, CA and put 20% down you will need to save up $153,800 for the down payment and will need roughly $15,380 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Long Beach the commission could be as much as $40,950. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 3922 E Broadway

Last sold for $875,000 on May 3rd, 2018

May, 2018
May 13, 2018

Date

Expired

CRMLS: PW17266840

$1,050,000

Price
Jan 12, 2018

Date

Withdrawn

CRMLS: PW17266840

$1,050,000

Price
Dec 11, 2017

Date

Price Change

CRMLS: PW17266840

$1,050,000

Price
Nov 30, 2017

Date

Active

CRMLS: PW17266840

$1,100,000

Price
Listing provided courtesy of CRMLS

This well-maintained three-unit property is located in the heart of Belmont Heights in the city of Long Beach. The subject property is located at 3922 East Broadway, one street West of Termino Avenue, two blocks North of Ocean Boulevard. This investment consists of 2 one bedrooms/ one-bathroom units and a detached retail portion that offers parking in front of the property. Built in 1923, this property is a two-story building with approximately 2635 rentable square feet. Each unit is separately metered for gas and electricity. The property offers flat roofs, and on-site laundry. The retail portion of the property is located in the approved MM area of Long Beach and will benefit from the strong rents the industry is willing to pay. Located within close proximity to numerous restaurants and shopping corridors this property offers an investor the rare opportunity to acquire a well-maintained income property in a strong rental market in the most desirable community of Belmont Heights. With rents well below market value, and a strong retail operator any investor looking to add value could dramatically improve their cash flow by bumping rents up to market rate thus making this acquisition a valuable addition to any investor’s portfolio.

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May, 2018
May 11, 2018

Date

Sold

CRMLS: PW18009119

$875,000

Price
Apr 9, 2018

Date

Active Under Contract

CRMLS: PW18009119

$900,000

Price
Mar 14, 2018

Date

Price Change

CRMLS: PW18009119

$900,000

Price
Jan 29, 2018

Date

Price Change

CRMLS: PW18009119

$995,000

Price
Jan 12, 2018

Date

Active

CRMLS: PW18009119

$1,050,000

Price
Listing provided courtesy of CRMLS

This well-maintained three-unit property is located in the heart of Belmont Heights in the city of Long Beach. The subject property is located at 3922 East Broadway, one street West of Termino Avenue, two blocks North of Ocean Boulevard. This investment consists of 2 one bedrooms/ one-bathroom units and a detached retail portion that offers parking in front of the property. Built in 1923, this property is a two-story building with approximately 2635 rentable square feet. Each unit is separately metered for gas and electricity. The property offers flat roofs, and on-site laundry. The retail portion of the property is located in the approved MM area of Long Beach and will benefit from the strong rents the industry is willing to pay. Located within close proximity to numerous restaurants and shopping corridors this property offers an investor the rare opportunity to acquire a well-maintained income property in a strong rental market in the most desirable community of Belmont Heights. With rents well below market value, and a strong retail operator any investor looking to add value could dramatically improve their cash flow by bumping rents up to market rate thus making this acquisition a valuable addition to any investor’s portfolio.

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May, 2018
May 3, 2018

Date

Sold (Public Records)

Public Records

$875,000

Price
December, 2016
Dec 15, 2016

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 3922 E Broadway

Assessed Value (2020): $910,350

Year	Land Value	Improved Value	Assessed Value
2020	$364,140	$546,210	$910,350

About 3922 E Broadway

Detailed summary of property

3922 E Broadway is categorized with a use code of Commercial/Office/Residential (Mixed Use) in Long Beach, CA 90803 and last sold on May 3, 2018 for $875,000. This property has 2 bedrooms, 2 bathrooms, roughly 2,635 living square feet, and sits on an approximately 3,000 square foot lot. Homes 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 6.84% higher than the current median priced home. 3922 E Broadway was last sold on May 3, 2018 for $875,000. Local nearby listings include 3320 E 1st St, 3320 E 1st St and 3335 E Ocean Blvd. The average home in Long Beach, CA is selling in 65 days. There are currently 781 homes for sale in the Long Beach real estate market and 418 of them are single family homes while 341 of them are condos and 20 are townhomes. If you are the homeowner and looking to sell the home at 3922 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 3922 E Broadway

Public county record property details

Beds: 2
Baths: 2
Year built: 1923
Sq. Ft.: 2,635
Lot Size: 3,000
Stories: 1

Type: Commercial/Office/Residential (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 15
APN: 7256-008-085

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

$1,600,000

Median List Price/Sq.Ft.

$824

Median Sold Price

$1,000,000

Median Sold Price/Sq.Ft.

$755

Total Inventory

123

Median Sale to List Price %

100.2%

Avg Days on Market

Loan Type

Conventional (29.63%), FHA (0%), VA (3.7%), Cash (37.04%), Other (29.63%)

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(714) 706-1823

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