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4115 E 1St St, Long Beach, CA 90803
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4115 E 1St St Long Beach, CA 90803

$2,125,000 Sold Price as of 02/18/2022
  • 0 Beds
  • 8 Baths
  • 3,376 Sq.Ft.
Sold
$2,125,000 Sold Price as of 02/18/2022 Refinance Your Mortgage
Map preview of 4115 E 1St St, Long Beach, CA 90803

Property Overview: 4115 E 1St St Long Beach, CA has -- bedrooms, 8 bathrooms, 3,376 living square feet and 3,119 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great opportunity... a cherry 8-unit with upside, situated on the end cap of the block at Roswell and First St, ALL units face the Southern Sun all day, bright and airy, pass thru units with windows/doors on 2 - 3 sides, easy to rent, one block from the beach, shopping, bike bath, restaurants galore, and the vibe of Second Street night life, in the coveted Belmont Shore community of Long Beach. Eat-in kitchens, dressing areas, hardwood floors and so much more... NICE.

Listed by Michael Roland | BRE #01023175 | Coldwell Banker Realty
Co-listed by Melissa Roland | BRE #02029835 | Coldwell Banker Realty
Last checked: 1 minute ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
3,119
HOA Dues
$0/mo
Year built
1944
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW21191749
City
Long Beach
County
Los Angeles
Time on Site
853 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,058
  • Total Rent: $1,058
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $1,295
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,195
  • Total Rent: $1,195
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $1,295
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,064
  • Total Rent: $1,064
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,195
  • Total Rent: $1,195
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,009
  • Total Rent: $1,009
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,225
  • Total Rent: $1,225
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 19.3
  • Gross Scheduled Income: $112,000
  • Net Operating Income: $0
  • Gross Operating Income: --
  • # of Rented Garages: 0
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 4115 E 1St St

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 7256026005
  • Year Built Source: Assessor
  • Property is not 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 Shore (BSD)
  • Directions: corner of 1st & Roswell
Neighborhood Information
  • Community Features: Biking
View more facts & features

Local Long Beach Agent

Sale History for 4115 E 1St St

Last sold for $2,125,000 on February 18th, 2022

  • February, 2022

  • Feb 22, 2022

    Date

    Sold

    CRMLS: PW21191749

    $2,125,000

    Price

  • Jan 17, 2022

    Date

    Active Under Contract

    CRMLS: PW21191749

    $2,170,000

    Price

  • March, 2021

  • Mar 16, 2021

    Date

    Expired

    CRMLS: PW20093245

    $2,165,000

    Price

  • Feb 14, 2021

    Date

    Hold

    CRMLS: PW20093245

    $2,165,000

    Price

  • May 16, 2020

    Date

    Active

    CRMLS: PW20093245

    $2,165,000

    Price

  • Listing provided courtesy of CRMLS

    Seller has replacement property in escrow, short escrow is OKAY. UPSIDE IS SIGNIFICANT, please see supplement link- re current Rent Roll and History. This pride of ownership easy-to-manage 8-plex has all the potential to operate easily at 100% occupancy at all times, at premium rents, as these are larger home-like units with front and rear doors, sun-filled all day every day, all units are South-facing balcony style on the premier corner End-Cap of First Street (corner of Roswell), with curb parking just outside the front door. These are beautiful when refinished (several are currently refinished), with hardwood floors, eat-in kitchens and windows galore. Plus new roof and stairway, railings and paint. This is in a very desirable location of Belmont Shore, just a block from the beach, fitness center and bike path, with access to Livingston Drive for easy commuting, and a short stroll to Second Street shops and Restaurants. These are home-like and could easily operate at $1400-$1500 ultimately, which would yield a CAP of 4+% and GRM of 15.5x with income from parking and laundry ($45 /mo average. This is a portfolio property with stability and appeal, one to hold forever and hand to the kids, or an investment quality property with room to optimize performance. PLEASE DRIVE BY run your matrix and bring an offer.

  • January, 2006

  • Jan 27, 2006

    Date

    Sold (Public Records)

    Public Records

    $1,225,000

    Price

Show More

Tax History for 4115 E 1St St

Assessed Value (2020): $1,084,006
Year Land Value Improved Value Assessed Value
2020 $702,880 $381,126 $1,084,006

Home Value Compared to the Market

This property vs the competition

4115 E 1St St sold on February 18, 2022 for 171.25% 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 $642.77 per/sqft which puts the price per square foot 1.7% higher than the current median sale per square foot for the city of Long Beach.

About 4115 E 1St St

Detailed summary of property

4115 E 1St St is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered -- bedrooms, 8 bathrooms, roughly 3,376 living square feet, and sits on an approximately 3,119 square foot lot. 4115 E 1St St was first listed on ArdentRealEstateGroup.com on January 16, 2022. The homeowner sold the property for $2,125,000. 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 171.25% higher than the current median priced home. Local homes that are currently for sale include 263 Corona Avenue, 3056 E Broadway and 830 Roswell Ave. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 4115 E 1St 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 4115 E 1St St

Public county record property details
Beds
--
Baths
8
Year built
1944
Sq. Ft.
3,376
Lot Size
3,119
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
7256-026-005

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
$1,589,000
Median List Price/Sq.Ft.
$858
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
114
Median Sale to List Price %
100%
Avg Days on Market
57
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (43.75%), Other (6.25%)

Thinking of Selling?

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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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