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4041 E 2nd St, Long Beach, CA 90803
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4041 E 2nd St Long Beach, CA 90803

$4,040,000 Sold Price as of 01/03/2022
  • 14 Beds
  • 10 Baths
  • 6,758 Sq.Ft.
Sold
$4,040,000 Sold Price as of 01/03/2022 Refinance Your Mortgage
Map preview of 4041 E 2nd St, Long Beach, CA 90803

Property Overview: 4041 E 2nd St Long Beach, CA has 14 bedrooms, 10 bathrooms, 6,758 living square feet and 4,230 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: An investor’s delight! This 10-unit garden-style community in offers a mix of 1-bed, 2-bed, 3-bed, and Studio units with breathtaking ocean breezes and three private garages. All units have been remodeled with granite counters and hardwood flooring throughout. This Belmont Heights gem is just blocks away from Belmont Pier, sandy beaches and bay parks. The area offers ample dining, retail, and nightlife within walking distance to Belmont Shore's popular 2nd St. coupled with Long Beach neighborhood charm. This property has a very low vacancy rate and is well maintained.

Listed by Leslie Stonick | BRE #01363678 | Compass
Last checked: 11 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 26

Home details

Lot Sq. Ft
4,230
HOA Dues
$0/mo
Year built
1950
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW21245012
City
Long Beach
County
Los Angeles
Time on Site
1044 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
  • # of Leased Units: 10
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,995
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,550
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,900
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,845
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,895
  • Total Rent: --
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,850
  • Total Rent: --
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,045
  • Total Rent: --
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $2,200
  • Total Rent: --
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Actual Rent: $2,645
  • Total Rent: --
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Actual Rent: $2,595
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.1%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $236,254
  • Net Operating Income: $122,149
  • Gross Operating Income: --
  • Vacancy Allowance: $5,482
  • Laundry Income: $943
  • Laundry Own/Lease: Own
  • Other Income 1: $175
Annual Expense Breakdown
  • Total Operating Expense: $109,742
  • Electric: $233
  • Trash: $2,977
  • Professional Management: $6,064
  • Water/Sewer: $1,958

Property Details for 4041 E 2nd St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Common Area, Individual Room
Exterior Features
Exterior Information
  • No Fence
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Corner Lot, Landscaped
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Total # of Units: 10
  • Parcel Number: 7256011028
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Cable Available, Phone Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Drive west on 2nd through Belmont Shore continue past Belmont
View more facts & features

Local Long Beach Agent

Sale History for 4041 E 2nd St

Last sold for $4,040,000 on January 3rd, 2022

  • January, 2022

  • Jan 4, 2022

    Date

    Canceled

    CRMLS: PW21251186

    $4,249,000

    Price

  • Nov 22, 2021

    Date

    Active

    CRMLS: PW21251186

    $424,900

    Price

  • Listing provided courtesy of CRMLS

    An investor’s delight in a gorgeous neighborhood – you can’t beat the location of this colorful Belmont Heights gem! Unique and well-maintained, this Art-Deco property offers classic 1-bed, 2-bed, 3-bed and Studio apartments, freshly remodeled with granite counters and hardwood flooring throughout. Nestled at the corner of 2nd Street and Belmont Avenue , your tenants will be able to enjoy nearby dining, retail and nightlife coupled with Long Beach neighborhood charm in a low vacancy area, all just minutes from Belmont Pier, sandy beaches and bay parks.

  • November, 2021

  • Nov 9, 2021

    Date

    Active

    CRMLS: PW21245012

    $4,249,000

    Price

  • September, 2021

  • Sep 17, 2021

    Date

    Price Change

    CRMLS: 21758504

    $4,315,000

    Price

  • Jul 8, 2021

    Date

    Active

    CRMLS: 21758504

    $4,375,000

    Price

  • Listing provided courtesy of CRMLS

    10-unit garden style community with great unit mixed comprised of 1-bed, 2-bed, 3-bed and Studio units with ocean views and three private garages. Investors have the opportunity to add value to this great property located in prime Belmont Heights, one of the most sought-after coastal communities. The asset's highly sough-after location is just a few steps from the ocean, Belmont Pier and walking distance to a multitude of retail corridors, restaurants, coffee shops and bars along Long Beach's busiest main streets, East Broadway and East 2nd Street. The neighborhood is a pedestrian friendly neighborhood boasting a walk score of 83.

  • July, 2021

  • Jul 8, 2021

    Date

    Active

    CRMLS: 21758002

    $4,375,000

    Price

  • Listing provided courtesy of CRMLS

    10-unit garden style community with great unit mixed comprised of 1-bed, 2-bed, 3-bed and Studio units with ocean views and three private garages. Investors have the opportunity to add value to this great property located in prime Belmont Heights, one of the most sought-after coastal communities. The asset's highly sough-after location is just a few steps from the ocean, Belmont Pier and walking distance to a multitude of retail corridors, restaurants, coffee shops and bars along Long Beach's busiest main streets, East Broadway and East 2nd Street. The neighborhood is a pedestrian friendly neighborhood boasting a walk score of 83.

  • June, 2018

  • Jun 13, 2018

    Date

    Sold

    CRMLS: PW17206014

    $3,590,000

    Price

  • Mar 23, 2018

    Date

    Pending

    CRMLS: PW17206014

    $3,690,000

    Price

  • Feb 13, 2018

    Date

    Active

    CRMLS: PW17206014

    $3,690,000

    Price

  • Feb 13, 2018

    Date

    Price Change

    CRMLS: PW17206014

    $3,690,000

    Price

  • Dec 28, 2017

    Date

    Withdrawn

    CRMLS: PW17206014

    $3,900,000

    Price

  • Nov 20, 2017

    Date

    Pending

    CRMLS: PW17206014

    $3,900,000

    Price

  • Sep 11, 2017

    Date

    Active

    CRMLS: PW17206014

    $3,900,000

    Price

  • Listing provided courtesy of CRMLS

    The Second Street Apartments is a 10-unit garden style community comprised of a studio, one-bedroom, two-bedroom and three bedroom units with ocean views and three private garages. Investors have the opportunity to add value to a turn-key property located in prime Belmont Heights. The asset's highly sough-after location is just a few steps from the ocean, Belmont Pier and walking distance to a multitude of retail corridors, restaurants, coffee shops and bars along Long Beach's busiest main streets, East Broadway and East 2nd Street. Belmont Heights is one of most prestigious coastal neighborhoods. The neighborhood is a pedestrian friendly neighborhood boasting a walk score of 83.

  • June, 2018

  • Jun 6, 2018

    Date

    Sold (Public Records)

    Public Records

    $3,590,000

    Price

  • September, 2015

  • Sep 1, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4041 E 2nd St

Assessed Value (2020): $3,735,936
Year Land Value Improved Value Assessed Value
2020 $2,080,800 $1,655,136 $3,735,936

Home Value Compared to the Market

This property vs the competition

4041 E 2nd St sold on January 3, 2022 for 418.8% 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 $628.74 per/sqft which puts the price per square foot 0.12% higher than the current median sale per square foot for the city of Long Beach.

About 4041 E 2nd St

Detailed summary of property

4041 E 2nd St is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 14 bedrooms, 10 bathrooms, roughly 6,758 living square feet, and sits on an approximately 4,230 square foot lot. 4041 E 2nd St was first listed on ArdentRealEstateGroup.com on November 9, 2021. The homeowner sold the property for $4,040,000. 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 418.8% higher than the current median priced home. Local homes that are currently for sale include 112 N Gage Ave, 3080 Airway Ave #100 and 800 E 7th St. While the average home in Long Beach, CA is selling in 62 days, 4041 E 2nd St has a days on market of 26 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 4041 E 2nd St 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 4041 E 2nd St

Public county record property details
Beds
13
Baths
10
Year built
1950
Sq. Ft.
6,758
Lot Size
4,230
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
28
APN
7256-011-028

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
$1,595,000
Median List Price/Sq.Ft.
$824
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$755
Total Inventory
128
Median Sale to List Price %
100.2%
Avg Days on Market
29
Loan Type
Conventional (29.63%), FHA (0%), VA (3.7%), Cash (37.04%), Other (29.63%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(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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