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4721 Clark Ave Long Beach, CA 90808

$1,500,000 Sold Price as of 10/25/2021

8 Beds
6 Baths
4,264 Sq.Ft.

Sold

$1,500,000 Sold Price as of 10/25/2021 Refinance Your Mortgage

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Map preview of 4721 Clark Ave, Long Beach, CA 90808

Property Overview: 4721 Clark Ave Long Beach, CA has 8 bedrooms, 6 bathrooms, 4,264 living square feet and 8,816 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, rents are low and property is under utilized with lot size of about 8,815 square feet. one 2-bedroom unit was added about 1955 and one 3-bedroom unit was added about 1965. owner lives in the back 3- bedroom apartment which has direct access to to the garage, has laundry hookups in its unit and has own back yard. 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. Analysis is based on Pro Forma rents.

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

Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 240

Home details

Lot Sq. Ft: 8,816
HOA Dues: $0/mo
Year built: 1944
Garage: 5 Car
Property Type:: Apartment

Status: Sold
MLS#: PV21006658
City: Long Beach
County: Los Angeles
Time on Site: 1195 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 3
# of Leased Units: 4
# of Electric Meters: 5
# of Gas Meters: 5
# 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: $2,800
Total Rent: $2,800
Pro Forma/Market Rent: $2,900

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,850
Total Rent: $1,850
Pro Forma/Market Rent: $2,300

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,200
Total Rent: $1,200
Pro Forma/Market Rent: $1,650

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,628
Total Rent: $1,628
Pro Forma/Market Rent: $1,650

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,145
Total Rent: $1,145
Pro Forma/Market Rent: $1,650

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.7%
Gross Rent Multiplier: 15.4
Gross Scheduled Income: $103,476
Net Operating Income: $78,593
Gross Operating Income: $103,476
Laundry Income: $0

Annual Expense Breakdown

Total Operating Expense: $29,289
Licenses: $545
New Taxes: $16,000
Trash: $0
Gardener: $1,020
Insurance: $3,714
Maintenance: $4,988
Professional Management: $0
Water/Sewer: $1,622
Other Expenses: $1,400
Other Expense Description: taxes &

Property Details for 4721 Clark Ave

Interior Features

Laundry Information

No Laundry
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 5
# of Parking Spaces: 5
Has Parking
Parking Features: Garage Faces Rear, Garage - Single Door

Lot Information

Lot Features: Level with Street, Lot 6500-9999
Lot Size Source: Assessor
Common Interest: Community Apartment

Property Information

Common Walls: 1 Common Wall
Total # of Units: 5
Parcel Number: 7181016016
Year Built Source: Estimated
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

View more facts & features

Local Long Beach Agent

Sale History for 4721 Clark Ave

Last sold for $1,500,000 on October 25th, 2021

October, 2021
Oct 22, 2021

Date

Pending

CRMLS: PV21006658

$1,590,000

Price
Jul 28, 2021

Date

Active

CRMLS: PV21006658

$1,590,000

Price
Jul 20, 2021

Date

Active Under Contract

CRMLS: PV21006658

$1,590,000

Price
Jul 11, 2021

Date

Price Change

CRMLS: PV21006658

$1,590,000

Price
Jul 2, 2021

Date

Price Change

CRMLS: PV21006658

$1,635,000

Price
Jan 21, 2021

Date

Active

CRMLS: PV21006658

$1,735,000

Price
October, 2008
Oct 6, 2008

Date

Sold (Public Records)

Public Records

--

Price
October, 2007
Oct 5, 2007

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 4721 Clark Ave

Assessed Value (2020): $149,102

Year	Land Value	Improved Value	Assessed Value
2020	$36,281	$112,821	$149,102

Home Value Compared to the Market

This property vs the competition

4721 Clark Ave sold on October 25, 2021 for 109.21% higher than the current median sold price for the city of Long Beach which is $760,000. The median sold price per/sqft for Long Beach is $633 and this home is sold at $372.89 per/sqft which puts the price per square foot 41.09% lower than the current median sale per square foot for the city of Long Beach.

About 4721 Clark Ave

Detailed summary of property

4721 Clark Ave is a apartment that recently sold in Long Beach, CA 90808. This apartment offered 8 bedrooms, 6 bathrooms, roughly 4,264 living square feet, and sits on an approximately 8,816 square foot lot. 4721 Clark Ave was first listed on ArdentRealEstateGroup.com on January 22, 2021. The homeowner sold the property for $1,500,000. Home in Long Beach are selling for a median price of $760,000 and a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 109.21% higher than the current median priced home. Local homes that are currently for sale include 2529 E 10th St, 720 Coronado Ave and 275 E Artesia Blvd. While the average home in Long Beach, CA is selling in 54 days, 4721 Clark Ave has a days on market of 240 days. There are currently 593 homes for sale in the Long Beach real estate market and 338 of them are single family homes while 242 of them are condos and 13 are townhomes. For more information on this home for sale at 4721 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 4721 Clark Ave

Public county record property details

Beds: 7
Baths: 6
Year built: 1944
Sq. Ft.: 4,264
Lot Size: 8,815
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 25
APN: 7181-016-016

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

$1,095,000

Median List Price/Sq.Ft.

$709

Median Sold Price

$1,020,000

Median Sold Price/Sq.Ft.

$656

Total Inventory

Median Sale to List Price %

95.42%

Avg Days on Market

Loan Type

Conventional (45%), FHA (5%), VA (5%), Cash (30%), Other (15%)

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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.