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4675 N Bellflower Blvd, Long Beach, CA 90808
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4675 N Bellflower Blvd Long Beach, CA 90808

$2,550,000 Sold Price as of 10/30/2020
  • 12 Beds
  • 11 Baths
  • 6,312 Sq.Ft.
Sold
$2,550,000 Sold Price as of 10/30/2020 Refinance Your Mortgage
Map preview of 4675 N Bellflower Blvd, Long Beach, CA 90808

Property Overview: 4675 N Bellflower Blvd Long Beach, CA has 12 bedrooms, 11 bathrooms, 6,312 living square feet and 7,327 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Just reduced price by $100K! The asset is now offered at a 5.26% Cap Rate and 12.80 GRM on current actual rents with all tenants up to date on rent payments. The unit mix is comprised of Four (2 Bed / 2 Bath), One (2 Bed / 1 Bath) and Four (1 Bed / 1 Bath) spacious units averaging 789 square feet each. Ownership has made substantial improvements (all permitted through the City of Long Beach), including: Converting Three out of Four (2 Bed / 1 Bath) to (2 Bed / 2 Bath) units, brand new 400 AMP main service + in-unit sub-panels, new plumbing from the water meters to the units, double pane vinyl windows, added Whirlpool washers/dryers in 6 out of 8 units, fully renovated seven units with white shaker cabinets, high grade faux wood floors, granite counter-tops and three-piece Amana stainless steel appliances. The asset presents a unique opportunity to purchase a turnkey 8-Unit complex with +/- 10% upside in rents located in one of the premier zip codes in Long Beach, providing an investor with incredible in-place cash flow and a low maintenance building moving forward.

Listed by Andrew McAllister | BRE #01946829 | Nationwide Real Estate Execs
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 83

Home details

Lot Sq. Ft
7,327
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
RS20144770
City
Long Beach
County
Los Angeles
Time on Site
1387 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.26%
  • Gross Rent Multiplier: 12.8
  • Gross Scheduled Income: $195,000
  • Net Operating Income: $130,022
  • Gross Operating Income: $189,450
  • Vacancy Allowance: $5,850
  • Laundry Income: $300
  • Laundry Own/Lease: Lease
  • Other Income Description: Laundry
Annual Expense Breakdown
  • Total Operating Expense: $57,978
  • Electric: $600
  • Gas/Fuel: $0
  • Licenses: $350
  • New Taxes: $31,546
  • Trash: $0
  • Gardener: $900
  • Insurance: $2,525
  • Maintenance: $4,400
  • Professional Management: $9,458
  • Water/Sewer: $6,000
  • Other Expenses: $1,600
  • Other Expense Description: Reserves

Property Details for 4675 N Bellflower Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, In Kitchen, Inside, Stackable
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
Interior Features
  • Levels: Two
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Flat
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Features: Level with Street, Lot 6500-9999, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 7180017021
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Subdivision Name: Lakewood Village (LKVL)
  • Directions: On Lakewood Blvd Between Del Amo Blvd & Carson Avenue
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 4675 N Bellflower Blvd

Last sold for $2,550,000 on October 30th, 2020

  • October, 2020

  • Oct 30, 2020

    Date

    Sold

    CRMLS: RS20144770

    $2,550,000

    Price

  • Oct 14, 2020

    Date

    Active Under Contract

    CRMLS: RS20144770

    $2,500,000

    Price

  • Aug 25, 2020

    Date

    Price Change

    CRMLS: RS20144770

    $2,500,000

    Price

  • Jul 21, 2020

    Date

    Active

    CRMLS: RS20144770

    $2,595,000

    Price

  • October, 2020

  • Oct 30, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,550,000

    Price

  • July, 2019

  • Jul 26, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,770,000

    Price

Show More

Tax History for 4675 N Bellflower Blvd

Assessed Value (2020): $1,770,440
Year Land Value Improved Value Assessed Value
2020 $1,200,000 $570,440 $1,770,440

Home Value Compared to the Market

This property vs the competition

4675 N Bellflower Blvd sold on October 30, 2020 for 212.5% 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 $396.07 per/sqft which puts the price per square foot 37.33% lower than the current median sale per square foot for the city of Long Beach.

About 4675 N Bellflower Blvd

Detailed summary of property

4675 N Bellflower Blvd is a apartment that recently sold in Long Beach, CA 90808. This apartment offered 12 bedrooms, 11 bathrooms, roughly 6,312 living square feet, and sits on an approximately 7,327 square foot lot. 4675 N Bellflower Blvd was first listed on ArdentRealEstateGroup.com on July 22, 2020. The homeowner sold the property for $2,550,000. 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 212.5% higher than the current median priced home. Local homes that are currently for sale include 1141 E 16th St, 268 Park Avenue and 263 Corona Ave. While the average home in Long Beach, CA is selling in 51 days, 4675 N Bellflower Blvd has a days on market of 83 days. There are currently 639 homes for sale in the Long Beach real estate market and 354 of them are single family homes while 271 of them are condos and 14 are townhomes. For more information on this home for sale at 4675 N Bellflower Blvd Long Beach, CA 90808 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 4675 N Bellflower Blvd

Public county record property details
Beds
12
Baths
8
Year built
1961
Sq. Ft.
6,312
Lot Size
7,326
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
7180-017-021

The source for these homes facts are from public records.

90808 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,099,000
Median List Price/Sq.Ft.
$730
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$673
Total Inventory
62
Median Sale to List Price %
97.44%
Avg Days on Market
17
Loan Type
Conventional (56.25%), FHA (0%), VA (0%), Cash (25%), Other (18.75%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 4675 N Bellflower Blvd

4355-4361 N Bellflower Blvd, Long Beach, CA 90808
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4 Baths
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4355-4361 N Bellflower Blvd
Long Beach, CA 90808
4343 N Bellflower Blvd, Long Beach, CA 90808
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2674 Sq.Ft.
4343 N Bellflower Blvd
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4219 N Bellflower Blvd, Long Beach, CA 90808
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4713 Clark Ave, Long Beach, CA 90808
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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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