4725 E Colorado St, Long Beach, CA 90814
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4725 E Colorado St Long Beach, CA 90814

$1,600,000 Sold Price as of 07/15/2022
  • 4 Beds
  • 2.75 Baths
  • 1,870 Sq.Ft.
Sold
$1,600,000 Sold Price as of 07/15/2022 Refinance Your Mortgage

Map preview of 4725 E Colorado St, Long Beach, CA 90814

Property Overview: 4725 E Colorado St Long Beach, CA has 4 bedrooms, 2.75 bathrooms, 1,870 living square feet and 6,736 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent Belmont Heights location, Two homes on a large lot (45' x 150'), plus a detached Studio Apartment, with 2 Car Detached Garage. The Front house is a 2 Bedroom, 1 Bath Unit, fully renovated with completely remodeled kitchen, new cabinetry, and granite countertops, tiled backsplash, tastefully remodeled bathroom, with quality fixtures and ceramic tile, upgraded electrical, copper plumbing re-pipe, new hardwood floors, all newer dual pane windows. Newer appliances, refrigerator, stove, & dishwasher. This large 6,736 sqft lot provides a nice yard between the two homes. The back house is a 2 bedroom, 1 bath home, with completely remodeled kitchen and bath, upgraded electrical, copper plumbing. hardwood floors, and newer dual pane windows. The Studio Apartment, has a quaint living area, small kitchen and a 3/4 bath. There is a pull down ladder to a loft area for the bed. Front house has laundry hookups in the garage, back house & studio apartment share an outdoor laundry facility. Upgraded electrical panel w/ 4 meters.

Listed by John Lindberg | BRE #01010112 | Re/Max R. E. Specialists
Co-listed by Jamee Lindberg | BRE #01107487 | Re/Max R. E. Specialists
Last checked: 12 minutes ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
6,736
HOA Dues
$0/mo
Year built
1925
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW22112627
City
Long Beach
County
Los Angeles
Time on Site
855 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $750
  • Total Rent: $750
  • Pro Forma/Market Rent: $825
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.8%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $73,800
  • Net Operating Income: $61,123
  • Gross Operating Income: $72,324
  • # of Rented Garages: 2
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $11,201
  • Electric: $360
  • Gas/Fuel: $0
  • Trash: $0
  • Gardener: $2,856
  • Insurance: $0
  • Water/Sewer: $1,620
  • Other Expenses: $5,717
  • Other Expense Description: taxes

Property Details for 4725 E Colorado St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Floor Furnace, Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Gas Dryer Hookup, Outside, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
  • Laundry
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, Ice Maker, Refrigerator
Interior Features
  • Attic Fan, Block Walls, Ceiling Fan(s), Copper Plumbing Full, Pull Down Stairs to Attic, Storage
  • Levels: One
  • Window Features: Double Pane Windows
  • Security Features: Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Rain Gutters, Satellite Dish
  • Has Fence
  • Block, Wood
  • Other Structures: Two On A Lot
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway, Garage, Garage - Single Door
Lot Information
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Gentle Sloping, Lawn, Lot 6500-9999, Rectangular Lot, Park Nearby, Sprinkler System, Sprinklers In Front, Sprinklers Timer
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 7250016009
  • Year Built Source: Public Records
  • Architectural Style: Bungalow
  • Foundation Details: Combination, Raised, Slab
  • Property is not Attached
  • Accessibility Features: None
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Heights (BH)
  • Directions: From Park Avenue, head West on Colorado Street, property is on North side...
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Golf, Gutters, Sidewalks
View more facts & features

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Sale History for 4725 E Colorado St

Last sold for $1,600,000 on July 15th, 2022
  • July, 2022

  • Jul 15, 2022

    Date

    Sold

    CRMLS: PW22112627

    $1,600,000

    Price

  • May 26, 2022

    Date

    Active

    CRMLS: PW22112627

    $1,595,000

    Price

  • April, 1999

  • Apr 1, 1999

    Date

    Sold (Public Records)

    Public Records

    $300,000

    Price

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Tax History for 4725 E Colorado St

Assessed Value (2020): $437,193
Year Land Value Improved Value Assessed Value
2020 $338,294 $98,899 $437,193

Home Value Compared to the Market

This property vs the competition

4725 E Colorado St sold on July 15, 2022 for 94.75% 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 $852.94 per/sqft which puts the price per square foot 35.82% higher than the current median sale per square foot for the city of Long Beach.

About 4725 E Colorado St

Detailed summary of property

4725 E Colorado St is a multi family that recently sold in Long Beach, CA 90814. This multi family property offered 4 bedrooms, 2.75 bathrooms, roughly 1,870 living square feet, and sits on an approximately 6,736 square foot lot. 4725 E Colorado St was first listed on ArdentRealEstateGroup.com on May 27, 2022. The homeowner sold the property for $1,600,000. 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 94.75% higher than the current median priced home. Local homes that are currently for sale include 251 Loma Ave, 32 Glendora Ave and 116 Coronado Ave. While the average home in Long Beach, CA is selling in 65 days, 4725 E Colorado St has a days on market of 16 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 4725 E Colorado St Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 4725 E Colorado St

Public county record property details
Beds
4
Baths
2
Year built
1925
Sq. Ft.
1,580
Lot Size
6,735
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8,9
APN
7250-016-009

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$964,900
Median List Price/Sq.Ft.
$664
Median Sold Price
$692,500
Median Sold Price/Sq.Ft.
$596
Total Inventory
42
Median Sale to List Price %
106.54%
Avg Days on Market
31
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (21.43%), Other (35.71%)

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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.