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4713 Clark Ave Long Beach, CA 90808

$2,165,000 Sold Price as of 06/30/2019

18916 Beds
18916 Baths
4,259 Sq.Ft.

Sold

$2,165,000 Sold Price as of 06/30/2019 Refinance Your Mortgage

Map preview of 4713 Clark Ave, Long Beach, CA 90808

Property Overview: 4713 Clark Ave Long Beach, CA has 18916 bedrooms, 18916 bathrooms, 4,259 living square feet and 10,346 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent location in prestigious Lakewood Village. Developers dream, 1st time in market in about 50 years. rents are low and property is under utilized with lot size of about 10,346 square feet. 3 units were added in 1977 and are slightly larger (units 4719A, 4719B & 4719C). Close to Lakewood Center Mall and Long Beach City College with many schools near by. close to FWY 91 on North; FWY 405 on South; FWY 710 on the West and FWY 605 on the East.

Listed by Fred Lavi | BRE #00545149 | Lavi & Associates

Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft: 10,346
HOA Dues: $0/mo
Year built: 1944
Garage: 8 Car
Property Type:: Multi Family

Status: Sold
MLS#: PV19077089
City: Long Beach
County: Los Angeles
Time on Site: 1399 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 7
Total # of Buildings: 2
# of Electric Meters: 7
# of Gas Meters: 7
# of Water Meters: 1

Unit Breakdown 1

# of Units: 7
# of Beds: 7
# of Baths: 7
Garage Spaces: 8
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $120,000
Total Rent: $120,000
Pro Forma/Market Rent: $138,000

Unit Breakdown 2

# of Units: 4713
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,400
Total Rent: $1,400
Pro Forma/Market Rent: $1,600

Unit Breakdown 3

# of Units: 4715
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,400
Total Rent: $1,400
Pro Forma/Market Rent: $1,600

Unit Breakdown 4

# of Units: 4717
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,400
Total Rent: $1,400
Pro Forma/Market Rent: $1,600

Unit Breakdown 5

# of Units: 4719
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,400
Total Rent: $1,400
Pro Forma/Market Rent: $1,600

Unit Breakdown 6

# of Units: --
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,500
Total Rent: $1,500
Pro Forma/Market Rent: $1,700

Unit Breakdown 7

# of Units: --
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,400
Total Rent: $1,400
Pro Forma/Market Rent: $1,700

Unit Breakdown 8

# of Units: --
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,500
Total Rent: $1,500
Pro Forma/Market Rent: $1,700

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4%
Gross Rent Multiplier: 18
Gross Scheduled Income: $120,000
Net Operating Income: $87,406
Gross Operating Income: $120,000

Annual Expense Breakdown

Total Operating Expense: $32,594
Electric: $612
Gas/Fuel: $0
Licenses: $432
New Taxes: $21,000
Trash: $0
Gardener: $1,800
Insurance: $4,258
Maintenance: $1,000
Professional Management: $0
Water/Sewer: $2,400
Other Expenses: $396

Property Details for 4713 Clark Ave

Interior Features

Laundry Information

Has Laundry
Community

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 8
# of Parking Spaces: 8

Lot Information

Lot Features: Front Yard, Garden, Lawn, Level with Street, Level, Sprinkler System
Lot Size Source: Assessor

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 7
Parcel Number: 7181016015
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Lakewood Village (LKVL)
Directions: Del Amo Blvd toward East, Right turn on Clark Ave.

Neighborhood Information

Community Features: Curbs, Street Lights

View more facts & features

Local Long Beach Agent

Sale History for 4713 Clark Ave

Last sold for $2,165,000 on June 30th, 2019

July, 2019
Jul 5, 2019

Date

Sold

CRMLS: PV19077089

$2,165,000

Price
Apr 24, 2019

Date

Pending

CRMLS: PV19077089

$2,185,000

Price
Apr 5, 2019

Date

Active

CRMLS: PV19077089

$2,185,000

Price
June, 2019
Jun 26, 2019

Date

Sold (Public Records)

Public Records

$2,165,000

Price
October, 2007
Oct 5, 2007

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 4713 Clark Ave

Assessed Value (2020): $2,208,300

Year	Land Value	Improved Value	Assessed Value
2020	$1,632,000	$576,300	$2,208,300

Home Value Compared to the Market

This property vs the competition

4713 Clark Ave sold on June 30, 2019 for 173.12% 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 $513.03 per/sqft which puts the price per square foot 18.82% lower than the current median sale per square foot for the city of Long Beach.

About 4713 Clark Ave

Detailed summary of property

4713 Clark Ave is a multi family that recently sold in Long Beach, CA 90808. This multi family property offered 18916 bedrooms, 18916 bathrooms, roughly 4,259 living square feet, and sits on an approximately 10,346 square foot lot. 4713 Clark Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $2,165,000. 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 173.12% higher than the current median priced home. Local homes that are currently for sale include 1050 Molino Ave, 791 Coronado Ave and 1141 E 16th St. While the average home in Long Beach, CA is selling in 52 days, 4713 Clark Ave has a days on market of 19 days. There are currently 647 homes for sale in the Long Beach real estate market and 369 of them are single family homes while 262 of them are condos and 16 are townhomes. For more information on this home for sale at 4713 Clark Ave 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 4713 Clark Ave

Public county record property details

Beds: 7
Baths: 8
Year built: 1944
Sq. Ft.: 4,259
Lot Size: 10,346
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 24
APN: 7181-016-015

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

$1,100,000

Median List Price/Sq.Ft.

$692

Median Sold Price

$950,000

Median Sold Price/Sq.Ft.

$673

Total Inventory

Median Sale to List Price %

97.44%

Avg Days on Market

Loan Type

Conventional (56.25%), FHA (0%), VA (0%), Cash (25%), Other (18.75%)

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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.