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4321 E Division St, Long Beach, CA 90803
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4321 E Division St Long Beach, CA 90803

$2,025,000 Sold Price as of 05/28/2021
  • 7 Beds
  • 7 Baths
  • 3,804 Sq.Ft.
Sold
$2,025,000 Sold Price as of 05/28/2021 Refinance Your Mortgage
Map preview of 4321 E Division St, Long Beach, CA 90803

Property Overview: 4321 E Division St Long Beach, CA has 7 bedrooms, 7 bathrooms, 3,804 living square feet and 4,730 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Pleased to present an opportunity to acquire a 7-Unit building that is situated on a 4,730 square foot lot located in the city Long Beach, CA. The property is composed of (1) 2-bedroom/1-bath, (5) 1-bedroom/1-bathroom & (1) Studio unit (the studio unit is non-conforming). Property was constructed in 1955. Public transportation, schools, support facilities and employment centers are all in close proximity. The property is located approximately 2 blocks from the Pacific Ocean and about 1 block southwest of 2nd Street. On Ximeno Avenue there are 3-single car garages which are all rented out to current tenants. The property also has a washer & dryer. Each unit is individually metered for gas & electric. There is one water meter on the property which the tenants pay for. Two central water heaters & window mounted A/C units are located on the property.

Listed by John McCann | BRE #01963932 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
4,730
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21725856
City
Long Beach
County
Los Angeles
Time on Site
1226 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,597
  • Total Rent: $1,597
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,462
  • Total Rent: $1,462
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,353
  • Total Rent: $1,353
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,353
  • Total Rent: $1,353
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,353
  • Total Rent: $1,353
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.36
  • Gross Scheduled Income: --
  • Net Operating Income: $78,714
  • Gross Operating Income: $119,050
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 4321 E Division St

Interior Features
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage - Single Door, Street
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 7
  • Parcel Number: 7256025004
Location / Neighborhood
Location Information
  • Directions: Property is located South of East Livingston Drive & North of East Ocean Blvd. Traveling on Ocean Blvd turn on Bennett Avenue, then right on to E Division St. Property is on the corner of Ximeno Avenue & E Division St.
View more facts & features

Local Long Beach Agent

Sale History for 4321 E Division St

Last sold for $2,025,000 on May 28th, 2021

  • May, 2021

  • May 29, 2021

    Date

    Sold

    CRMLS: 21725856

    $2,025,000

    Price

  • May 10, 2021

    Date

    Active Under Contract

    CRMLS: 21725856

    $1,925,000

    Price

  • May 3, 2021

    Date

    Active

    CRMLS: 21725856

    $1,925,000

    Price

Tax History for 4321 E Division St

Assessed Value (2020): $946,189
Year Land Value Improved Value Assessed Value
2020 $294,272 $651,917 $946,189

Home Value Compared to the Market

This property vs the competition

4321 E Division St sold on May 28, 2021 for 135.04% 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 $506.05 per/sqft which puts the price per square foot 19.42% lower than the current median sale per square foot for the city of Long Beach.

About 4321 E Division St

Detailed summary of property

4321 E Division St is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 7 bedrooms, 7 bathrooms, roughly 3,804 living square feet, and sits on an approximately 4,730 square foot lot. 4321 E Division St was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $2,025,000. 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 135.04% higher than the current median priced home. Local homes that are currently for sale include 32 Glendora Ave, 10 Redondo Ave and 4501 E 4th St. While the average home in Long Beach, CA is selling in 62 days, 4321 E Division St has a days on market of 7 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 4321 E Division 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 4321 E Division St

Public county record property details
Beds
6
Baths
6
Year built
1955
Sq. Ft.
3,804
Lot Size
4,730
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4,5
APN
7256-025-004

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?

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Homes for Sale Near 4321 E Division St

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Recently Sold Homes Near 4321 E Division St

121 Ximeno Ave, Long Beach, CA 90803
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8 Baths
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Long Beach, CA 90803
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$2,580,650 Last Sold Price
10 Beds
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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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