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4121 E Mendez St, Long Beach, CA 90815
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4121 E Mendez St Long Beach, CA 90815

$1,728,000 Sold Price as of 08/11/2022
  • 9 Beds
  • 5.5 Baths
  • 4,491 Sq.Ft.
Sold
$1,728,000 Sold Price as of 08/11/2022 Refinance Your Mortgage
Map preview of 4121 E Mendez St, Long Beach, CA 90815

Property Overview: 4121 E Mendez St Long Beach, CA has 9 bedrooms, 5.5 bathrooms, 4,491 living square feet and 6,509 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Seasoned or First Time Multi-Family Investor's Dream - This is the Perfect Opportunity to add a clean, well-maintained and highly desired 4-plex investment asset in Long Beach, near the Outer Traffic Circle.  Large 3-Bedroom/2-Bath front house with its own private yard/courtyard space and own inside laundry hookups and fireplace, along with three more Large 2-Bedroom units (1100sqft, 825sqft & 800sqft) behind and surrounded by the luxuriously pavered community courtyard/open space.  Each unit enjoys an assigned private garage with additional upper storage space enclosed.  Recently painted, newer dual pane windows and roof, main sewer line replacement, separate on-site community laundry room for the remaining three units, and a recently passed LB fire-inspection.  Individually Metered for Electric.  Most units have been remodeled over the years.  First time on the market in over 22 years.  Constructed in the 1960s and includes a bonus owner's storage/workshop area too, along with clean nice secure laundry room with community washer and dryer. Only blocks to Alamitos and Junipero Beaches and in close proximity to CSULB, 2nd & PCH Shopping Center, LB Exchange and Hangar, several Golf Courses, Parks and Public Transit.  Entertains frequent requests and inquiries for rental availability.  Added Bonus - Unit #4 is currently vacant, clean, renovated and ready for you to occupy or a paying tenant at Close of Escrow. Proforma rents in analysis/estimates.

Listed by Jeffery Loftus | BRE #01818396 | Keller Williams Coastal Prop.
Last checked: 4 minutes ago | Last updated: October 1st, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
6,509
HOA Dues
$0/mo
Year built
1963
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW22143719
City
Long Beach
County
Los Angeles
Time on Site
731 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # 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: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $27,600
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,270
  • Total Rent: $15,240
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,170
  • Total Rent: $14,040
  • Pro Forma/Market Rent: $2,800
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: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $144,000
  • Net Operating Income: $116,400
  • Gross Operating Income: $144,000
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $26,037
  • Electric: $400
  • Gas/Fuel: $0
  • Licenses: $250
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $1,200
  • Maintenance: $1,200
  • Water/Sewer: $3,000

Property Details for 4121 E Mendez St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Fireplace(s), Radiant
Laundry Information
  • Has Laundry
  • Common Area, Community, Individual Room, Inside, See Remarks, Stackable
Fireplace Information
  • Has Fireplace
  • Family Room
Room Information
  • Flooring: Carpet, Tile
Kitchen Information
  • Has Appliances
  • Electric Range, Electric Water Heater, Disposal, Range Hood
Interior Features
  • Ceiling Fan(s), Formica Counters, Quartz Counters, Recessed Lighting, Unfurnished
  • Levels: Two
  • Window Features: Double Pane Windows
  • Security Features: Gated Community, Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: 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: Built-In Storage, Community Structure, Garage, Garage Door Opener, Tandem Uncovered
Lot Information
  • Lot Features: Rectangular Lot, Near Public Transit, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 7219008033
  • Year Built Source: Assessor
  • Property is Attached
  • Offered With Property: Community Laundry Machines
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Circle (CA)
  • Directions: Just north of PCH and west of Lakewood Blvd - Near the LB Traffic Circle
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 4121 E Mendez St

Last sold for $1,728,000 on August 11th, 2022

  • October, 2022

  • Oct 1, 2022

    Date

    Expired

    CRMLS: SB22192130

    $3,200

    Price

  • Aug 31, 2022

    Date

    Active

    CRMLS: SB22192130

    $3,200

    Price

  • Listing provided courtesy of CRMLS

    Clean and updated unit on top level. Remodeled kitchen with granite countertops, ac and can lighting. Big open living room and lots of natural light. 1 garage is included and the street is easy to park on.

  • August, 2022

  • Aug 11, 2022

    Date

    Sold

    CRMLS: PW22143719

    $1,728,000

    Price

  • Jul 1, 2022

    Date

    Active

    CRMLS: PW22143719

    $1,599,000

    Price

  • July, 1998

  • Jul 24, 1998

    Date

    Sold (Public Records)

    Public Records

    $370,000

    Price

Show More

Tax History for 4121 E Mendez St

Assessed Value (2020): $530,370
Year Land Value Improved Value Assessed Value
2020 $164,841 $365,529 $530,370

Home Value Compared to the Market

This property vs the competition

4121 E Mendez St sold on August 11, 2022 for 79.26% higher than the current median sold price for the city of Long Beach which is $892,000. The median sold price per/sqft for Long Beach is $659 and this home is sold at $356.05 per/sqft which puts the price per square foot 45.97% lower than the current median sale per square foot for the city of Long Beach.

About 4121 E Mendez St

Detailed summary of property

4121 E Mendez St is a fourplex that recently sold in Long Beach, CA 90815. This fourplex offered 9 bedrooms, 5.5 bathrooms, roughly 4,491 living square feet, and sits on an approximately 6,509 square foot lot. 4121 E Mendez St was first listed on ArdentRealEstateGroup.com on July 1, 2022. The homeowner sold the property for $1,728,000. Home in Long Beach are selling for a median price of $892,000 and a median price per square foot of $659. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 79.26% higher than the current median priced home. Local homes that are currently for sale include 1000 E 10th St, 650 E 15th St and 2073 Locust Ave. While the average home in Long Beach, CA is selling in 52 days, 4121 E Mendez St has a days on market of 11 days. There are currently 711 homes for sale in the Long Beach real estate market and 397 of them are single family homes while 292 of them are condos and 22 are townhomes. For more information on this home for sale at 4121 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 4121 E Mendez St

Public county record property details
Beds
9
Baths
6
Year built
1963
Sq. Ft.
4,491
Lot Size
6,508
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
7219-008-033

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
$1,010,000
Median List Price/Sq.Ft.
$665
Median Sold Price
$970,000
Median Sold Price/Sq.Ft.
$663
Total Inventory
77
Median Sale to List Price %
97%
Avg Days on Market
14
Loan Type
Conventional (38.1%), FHA (0%), VA (4.76%), Cash (33.33%), Other (23.81%)

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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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