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4241 E Jacinto Way, Long Beach, CA 90815
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4241 E Jacinto Way Long Beach, CA 90815

$1,275,000 Sold Price as of 11/08/2022
  • 4 Beds
  • 4 Baths
  • 2,553 Sq.Ft.
Sold
$1,275,000 Sold Price as of 11/08/2022 Refinance Your Mortgage
Map preview of 4241 E Jacinto Way, Long Beach, CA 90815

Property Overview: 4241 E Jacinto Way Long Beach, CA has 4 bedrooms, 4 bathrooms, 2,553 living square feet and 12,271 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A great 4-unit building, located in a great area of Long Beach, and smooth running property. What more could you ask for? The property consists of 4 one-bedroom units that are single-story. All units have a front and back door, with the ability to create a private backyard/patio for each if the property owner desired. There are also 4 single car garages, which the current owner uses all of them for storage, and 3 additional uncovered parking spots that could be rented out for additional income. . Individually metered for gas and electricity that tenants are responsible to pay. The property was just recently painted throughout the exterior and has an amazing sense of curb appeal. The current GRM is 16.03, but at market rents, the property drops to 13.01 GRM. With over a 1/4 acre lot and endless opportunity, this property is ready for the next investor to add their touch to it and take it to the next level!

Listed by Dustin Edwards | BRE #01704406 | Beach Cities Management, Inc.
Last checked: 4 minutes ago | Last updated: November 10th, 2022 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft
12,271
HOA Dues
$0/mo
Year built
1943
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW22214140
City
Long Beach
County
Los Angeles
Time on Site
726 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $20,340
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $20,340
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $17,940
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $15,000
  • Pro Forma/Market Rent: $1,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.03
  • Gross Scheduled Income: $74,820
  • Net Operating Income: $44,786
  • Gross Operating Income: $73,324
  • # of Rented Garages: 0
  • Other Income 1: $1,200
  • Other Income Description: Gated parking space rented
Annual Expense Breakdown
  • Total Operating Expense: $30,034
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $230
  • New Taxes: $14,987
  • Furniture Replacement: $0
  • Trash: $350
  • Cable TV: $0
  • Gardener: $1,200
  • Insurance: $1,500
  • Maintenance: $4,823
  • Workman's Comp: $0
  • Professional Management: $5,237
  • Water/Sewer: $1,707

Property Details for 4241 E Jacinto Way

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 7
Lot Information
  • Lot Features: Back Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7219007019
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Circle (CA)
  • Directions: 405 Fwy exit Lakewood South to Jacinto Way West, on your right.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 4241 E Jacinto Way

Last sold for $1,275,000 on November 8th, 2022

  • November, 2022

  • Nov 8, 2022

    Date

    Sold

    CRMLS: PW22214140

    $1,275,000

    Price

  • Oct 3, 2022

    Date

    Active

    CRMLS: PW22214140

    $1,199,000

    Price

  • June, 2021

  • Jun 13, 2021

    Date

    Canceled

    CRMLS: PW21125523

    $1,195,000

    Price

  • Jun 11, 2021

    Date

    Hold

    CRMLS: PW21125523

    $1,195,000

    Price

  • Jun 10, 2021

    Date

    Active

    CRMLS: PW21125523

    $1,195,000

    Price

  • Listing provided courtesy of CRMLS

    A great 4-unit building, located in a great area of Long Beach, and smooth running property. What more could you ask for? The property consists of 4 one-bedroom units that are single-story. All units have a front and back door, with the ability to create a private back yard/patio for each if the property owner desired. There are also 4 single car garages, which the current owner uses all of them for storage, and 3 additional uncovered parking spots that could be rented out for additional income. . Individually metered for gas and electricity that tenants are responsible to pay. Property was just recently painted throughout the exterior, and has an amazing sense of curb appeal. Current GRM is 18.89, but at market rents the property drops to a 13.68 GRM. With over a 1/4 acre lot and endless opportunity, this property is ready for the next investor to add their touch to it and take it to the next level!

  • June, 1999

  • Jun 18, 1999

    Date

    Sold (Public Records)

    Public Records

    $250,000

    Price

Show More

Tax History for 4241 E Jacinto Way

Assessed Value (2020): $557,192
Year Land Value Improved Value Assessed Value
2020 $321,484 $235,708 $557,192

Home Value Compared to the Market

This property vs the competition

4241 E Jacinto Way sold on November 8, 2022 for 46.4% 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 $469.64 per/sqft which puts the price per square foot 25.22% lower than the current median sale per square foot for the city of Long Beach.

About 4241 E Jacinto Way

Detailed summary of property

4241 E Jacinto Way is a multi family that recently sold in Long Beach, CA 90815. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,553 living square feet, and sits on an approximately 12,271 square foot lot. 4241 E Jacinto Way was first listed on ArdentRealEstateGroup.com on October 3, 2022. The homeowner sold the property for $1,275,000. 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 46.4% higher than the current median priced home. Local homes that are currently for sale include 236 Corona Ave, 176 Saint Joseph Ave and 436 Gaviota Ave. While the average home in Long Beach, CA is selling in 65 days, 4241 E Jacinto Way has a days on market of 4 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 4241 E Jacinto Way 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 4241 E Jacinto Way

Public county record property details
Beds
4
Baths
4
Year built
1943
Sq. Ft.
2,553
Lot Size
12,271
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
7219-007-019

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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Homes for Sale Near 4241 E Jacinto Way

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Recently Sold Homes Near 4241 E Jacinto Way

4242 E Jacinto Way, Long Beach, CA 90815
$1,250,000 Last Sold Price
3 Beds
3 Baths
1928 Sq.Ft.
4242 E Jacinto Way
Long Beach, CA 90815
4278 E Jacinto Way, Long Beach, CA 90815
$1,165,000 Last Sold Price
4 Beds
3 Baths
2397 Sq.Ft.
4278 E Jacinto Way
Long Beach, CA 90815
4117 E Mendez St, Long Beach, CA 90815
$1,775,000 Last Sold Price
9 Beds
6 Baths
4597 Sq.Ft.
4117 E Mendez St
Long Beach, CA 90815
1880 Termino Ave, Long Beach, CA 90815
$1,650,000 Last Sold Price
9 Beds
5 Baths
4389 Sq.Ft.
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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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