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4018 E Vermont St, Long Beach, CA 90814
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4018 E Vermont St Long Beach, CA 90814

$1,495,000 Sold Price as of 09/07/2022
  • 6 Beds
  • 6 Baths
  • 3,096 Sq.Ft.
Sold
$1,495,000 Sold Price as of 09/07/2022 Refinance Your Mortgage
Map preview of 4018 E Vermont St, Long Beach, CA 90814

Property Overview: 4018 E Vermont St Long Beach, CA has 6 bedrooms, 6 bathrooms, 3,096 living square feet and 6,749 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Investor or occupant property w great mix 3/3 2/2 1/1 large units, low overhead (owner only pays water, sewer, minor gardening -all drought resistant) excellent parking and common area. With one vacancy currently, 2 long term 5 and 13 yr tenants are month to month, no rent increases for over a year, this will be operate at market rents asap w GRM 14.48x, $8600 per month, Current GRM 17.4x. The perfect opportunity in Prime Belmont Heights for owner occupant or Investor. Currently 2/1.5 Cottage and 2 attached units w 1/1 and 3/3 (includes garage) or easily covert to 2 2/2s, or a 4 bd home.. A premium location across from the elementary school offering a steady renter pool. This is turnkey well maintained asset with separate utilities and water heaters, private laundries in each unit, a 1.5 car garage, 4-6 car parking, common courtyard for bbq, gazebo, and a variety of improvements to roof, foundations, windows, kitchens and bathrooms, electric breakers and lighting, copper plumbing, etc. LIVE in one unit or detached rear home w private yard, forced air heat and parking, while rent from the duplex pays the expenses and mortgage. Proforma is based on market rents.

Listed by Michael Roland | BRE #01023175 | Coldwell Banker Realty
Co-listed by Melissa Roland | BRE #02029835 | Coldwell Banker Realty
Last checked: 11 minutes ago | Last updated: September 7th, 2022 | Source CRMLS | DOM: 52

Home details

Lot Sq. Ft
6,749
HOA Dues
$0/mo
Year built
1922
Garage
1 Car
Property Type:
Triplex
Status
Sold
MLS#
PW22134991
City
Long Beach
County
Los Angeles
Time on Site
689 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,850
  • Total Rent: --
  • Pro Forma/Market Rent: $3,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: --
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.6%
  • Gross Rent Multiplier: 14.4
  • Gross Scheduled Income: $103,200
  • Net Operating Income: $68,700
  • Gross Operating Income: $100,200
  • Vacancy Allowance: $3,000
Annual Expense Breakdown
  • Total Operating Expense: $13,500
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 4018 E Vermont St

Interior Features
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Driveway, Garage
Lot Information
  • Lot Features: Back Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 7255020003
  • 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
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Heights (BH)
  • Directions: East off Termino
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 4018 E Vermont St

Last sold for $1,495,000 on September 7th, 2022

  • September, 2022

  • Sep 7, 2022

    Date

    Sold

    CRMLS: PW22134991

    $1,495,000

    Price

  • Jun 28, 2022

    Date

    Active

    CRMLS: PW22134991

    $1,495,000

    Price

  • September, 2022

  • Sep 7, 2022

    Date

    Sold

    CRMLS: PW22135714

    $1,495,000

    Price

  • Jun 28, 2022

    Date

    Active

    CRMLS: PW22135714

    $1,495,000

    Price

  • Listing provided courtesy of CRMLS

  • July, 2017

  • Jul 14, 2017

    Date

    Sold

    CRMLS: PW17105620

    $1,168,000

    Price

  • May 30, 2017

    Date

    Pending

    CRMLS: PW17105620

    $1,168,000

    Price

  • May 15, 2017

    Date

    Active

    CRMLS: PW17105620

    $1,168,000

    Price

  • Listing provided courtesy of CRMLS

    Razor Sharp** Three Units in Belmont Heights, Showing True Pride of Ownership ~ Designed for Owner Occupant or Investor ~ Duplex and Single Family Residence on Big Lot with Lg. One Car Garage (13’9” x 22’) Plus Off Street Parking and Common Area for Entertaining*** Front Duplex: East 3BR/3BA Unit, 2-story with 1325 Sqft ~ Dn. Stairs: One BR and ¾ BA with Laundry Area, Up Stairs: Open Beam Construction with 2 Lg. BR’s & (2) ¾ BA’s ~ West 1BR/1BA Unit, Built-In Cabinetry with 765Sqft. Both Units Offer Oak Flooring and Inside Laundry.*** Rear Cottage: 2BR with ¾ & ½ Bath, 950Sqft, Large Living Area, with Sun Room, Granite Kitchen Counters, Forced Air Heating Private Side Patio and Rear Horse Shoe Pit.~ All Appliances Included.~ Water Conserving Landscaping

  • July, 2017

  • Jul 12, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,168,000

    Price

  • June, 2007

  • Jun 21, 2007

    Date

    Sold (Public Records)

    Public Records

    $940,000

    Price

Show More

Tax History for 4018 E Vermont St

Assessed Value (2020): $1,215,187
Year Land Value Improved Value Assessed Value
2020 $853,128 $362,059 $1,215,187

Home Value Compared to the Market

This property vs the competition

4018 E Vermont St sold on September 7, 2022 for 86.88% 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 $482.88 per/sqft which puts the price per square foot 23.59% lower than the current median sale per square foot for the city of Long Beach.

About 4018 E Vermont St

Detailed summary of property

4018 E Vermont St is a triplex that recently sold in Long Beach, CA 90814. This triplex offered 6 bedrooms, 6 bathrooms, roughly 3,096 living square feet, and sits on an approximately 6,749 square foot lot. 4018 E Vermont St was first listed on ArdentRealEstateGroup.com on June 24, 2022. The homeowner sold the property for $1,495,000. 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 86.88% higher than the current median priced home. Local homes that are currently for sale include 1825 Cherry Ave, 1120-1124 E Hellman St and 1000 E 10th St. While the average home in Long Beach, CA is selling in 51 days, 4018 E Vermont St has a days on market of 52 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 4018 E Vermont 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 4018 E Vermont St

Public county record property details
Beds
6
Baths
5
Year built
1922
Sq. Ft.
3,096
Lot Size
6,748
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
7255-020-003

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
$789,000
Median List Price/Sq.Ft.
$626
Median Sold Price
$845,566
Median Sold Price/Sq.Ft.
$582
Total Inventory
38
Median Sale to List Price %
100%
Avg Days on Market
33
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (28.57%), Other (42.86%)

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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