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4117 E Mendez St, Long Beach, CA 90815
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4117 E Mendez St Long Beach, CA 90815

$1,775,000 Sold Price as of 01/11/2022
  • 9 Beds
  • 6 Baths
  • 4,597 Sq.Ft.
Sold
$1,775,000 Sold Price as of 01/11/2022 Refinance Your Mortgage
Map preview of 4117 E Mendez St, Long Beach, CA 90815

Property Overview: 4117 E Mendez St Long Beach, CA has 9 bedrooms, 6 bathrooms, 4,597 living square feet and 6,498 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 4117 E Mendez is in a prime location and is the ideal student housing opportunity for CSU Long Beach students. Eliminate the stress of whether tenants are going to pay rent, as student housing rents are typically guaranteed by parents. Located just 5 minutes from CSULB and near the Traffic Circle, with a plethora of restaurants and supermarkets to choose from, this property is in a perfect location for any investor. With large units and an awesome unit mix of one large 3 Bedroom /2 Bath unit, one 2 Bedroom /2 Bath unit, and two 2 Bedroom/ 1 Bath units each with their own garage, this property appeals to a wide range of tenants. As an added bonus, the best part is that you get to set the new rents with THREE units to be delivered vacant at close of escrow.

Listed by Juan Huizar | BRE #01417642 | Sage Real Estate
Co-listed by Caleb Baldwin | BRE #02056751 | Sage Real Estate
Last checked: 3 minutes ago | Last updated: April 1st, 2022 | Source CRMLS | DOM: 91

Home details

Lot Sq. Ft
6,498
HOA Dues
$0/mo
Year built
1963
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW21186034
City
Long Beach
County
Los Angeles
Time on Site
1125 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,761
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,761
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.39%
  • Gross Rent Multiplier: 12.99
  • Gross Scheduled Income: $144,264
  • Net Operating Income: $100,985
  • Gross Operating Income: $144,264
  • # of Rented Garages: 0
Annual Expense Breakdown
  • Total Operating Expense: $43,279
  • Electric: $432
  • Licenses: $500
  • New Taxes: $23,438
  • Trash: $468
  • Gardener: $1,200
  • Insurance: $1,800
  • Maintenance: $2,812
  • Professional Management: $8,324
  • Water/Sewer: $3,600
  • Other Expenses: $687

Property Details for 4117 E Mendez St

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • Has Fireplace
  • Family Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Shingle
  • No Fence
  • None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Paved, Garage, Garage Faces Rear
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 7219008034
  • Year Built Source: Appraiser
  • Architectural Style: Traditional
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Circle (CA)
  • Directions: Exit the 405 South onto Lakewood Blvd., then turn right on the outer traffic circle, turn right onto East Mendez St. and the property is on your right
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Park, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 4117 E Mendez St

Last sold for $1,775,000 on January 11th, 2022

  • April, 2022

  • Apr 1, 2022

    Date

    Expired

    CRMLS: DW22038549

    $3,600

    Price

  • Feb 26, 2022

    Date

    Active

    CRMLS: DW22038549

    $3,600

    Price

  • Listing provided courtesy of CRMLS

    Great location - Near Long Beach Traffic Circle, which is central to shopping, restaurants, and Cal State Long Beach (CSULB). This quaint property is a newly renovated 3 bed /2 bath home with a fireplace, private patio, and luxurious master bathroom. This house comes with all the must-have amenities: new in-unit washer/dryer, stove, dishwasher, and refrigerator. Living room and dining room are spacious and make for perfect spaces to host gatherings. The house is set up for 1G fiberoptic internet speeds, which make working from home quick and comfortable. Lovely, safe community – great for walks and runs. Walking distance from Ralphs, Vons, Crunch Fitness, Chick-fil-A, several restaurants, and multiple shopping centers. Minutes from Long Beach Airport, the beach, the Aquarium of the Pacific, and other attractions!

  • September, 2021

  • Sep 13, 2021

    Date

    Active

    CRMLS: PW21186034

    $1,875,000

    Price

  • Sep 9, 2021

    Date

    Active Under Contract

    CRMLS: PW21186034

    $1,875,000

    Price

  • Aug 30, 2021

    Date

    Active

    CRMLS: PW21186034

    $1,875,000

    Price

  • August, 2021

  • Aug 12, 2021

    Date

    Expired

    CRMLS: PW21082402

    $2,250,000

    Price

  • May 3, 2021

    Date

    Price Change

    CRMLS: PW21082402

    $2,250,000

    Price

  • Apr 20, 2021

    Date

    Active

    CRMLS: PW21082402

    $2,700,000

    Price

  • Listing provided courtesy of CRMLS

    Rarely Available! Great investment opportunity. This property has a spacious front home and three back units as well as four garages. The property is located in Long Beach's popular Eastside Circle area - close to restaurants, freeway access and not far from the beach.

  • June, 2017

  • Jun 21, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2007

  • Jul 12, 2007

    Date

    Sold (Public Records)

    Public Records

    $1,150,000

    Price

Show More

Tax History for 4117 E Mendez St

Assessed Value (2020): $1,395,759
Year Land Value Improved Value Assessed Value
2020 $840,727 $555,032 $1,395,759

Home Value Compared to the Market

This property vs the competition

4117 E Mendez St sold on January 11, 2022 for 128.94% 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 $407.87 per/sqft which puts the price per square foot 35.05% lower than the current median sale per square foot for the city of Long Beach.

About 4117 E Mendez St

Detailed summary of property

4117 E Mendez St is a fourplex that recently sold in Long Beach, CA 90815. This fourplex offered 9 bedrooms, 6 bathrooms, roughly 4,597 living square feet, and sits on an approximately 6,498 square foot lot. 4117 E Mendez St was first listed on ArdentRealEstateGroup.com on August 30, 2021. The homeowner sold the property for $1,775,000. 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 128.94% higher than the current median priced home. Local homes that are currently for sale include 1712 Cherry Ave, 387 Freeman Ave and 275 Belmont Avenue. While the average home in Long Beach, CA is selling in 65 days, 4117 E Mendez St has a days on market of 91 days. There are currently 777 homes for sale in the Long Beach real estate market and 410 of them are single family homes while 343 of them are condos and 22 are townhomes. For more information on this home for sale at 4117 E Mendez St Long Beach, CA 90815 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 4117 E Mendez St

Public county record property details
Beds
9
Baths
6
Year built
1963
Sq. Ft.
4,597
Lot Size
6,498
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
7219-008-034

The source for these homes facts are from public records.

90815 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$975,000
Median List Price/Sq.Ft.
$677
Median Sold Price
$1,115,000
Median Sold Price/Sq.Ft.
$669
Total Inventory
75
Median Sale to List Price %
95.71%
Avg Days on Market
23
Loan Type
Conventional (44.83%), FHA (3.45%), VA (3.45%), Cash (17.24%), Other (31.03%)

Thinking of Selling?

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Recently Sold Homes Near 4117 E Mendez St

4121 E Mendez St, Long Beach, CA 90815
$1,728,000 Last Sold Price
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4241 E Jacinto Way, Long Beach, CA 90815
$1,275,000 Last Sold Price
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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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