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4786 E Malta St, Long Beach, CA 90815
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4786 E Malta St Long Beach, CA 90815

$1,875,000 Sold Price as of 10/29/2020
  • 10 Beds
  • 8 Baths
  • 5,548 Sq.Ft.
Sold
$1,875,000 Sold Price as of 10/29/2020 Refinance Your Mortgage
Map preview of 4786 E Malta St, Long Beach, CA 90815

Property Overview: 4786 E Malta St Long Beach, CA has 10 bedrooms, 8 bathrooms, 5,548 living square feet and 7,891 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This property consists of a 5-unit multifamily development. The front unit can be an owner's unit comprised of a 2-story 3-bedroom, 2-bathroom residence. The rear units consist of three 2-bedroom, 2-bathroom units and one 1-bedroom, 1-bathroom unit. The units have a patio or balcony feature with a hydronic heating system. The unit interiors are finished with laminate wood floors, wall-to-wall carpeting in the bedrooms, and ceramic tile floors in the bathrooms and kitchens. The kitchens have freestanding electric range/oven, vent fan hoods, and dishwashers. The property's common area includes a laundry room with coin operated washer and dryer. The rear units have a security gate entry. The property has a 2-car garage, six 1-car garages, 2-open spaces with a secured open space area in the rear that can be used for storage or converted to two additional open space parking. The property is located in the Circle / Los Altos Area in Long Beach and is approximately 3/4 mile from California State University Long Beach campus. There is a large student population in the neighborhood. Rents are below market with good upside potential.

Listed by Ben Lara | BRE #00879626 | American Pacific Realty
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
7,891
HOA Dues
$0/mo
Year built
1978
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC20155591
City
Long Beach
County
Los Angeles
Time on Site
1507 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,150
  • Total Rent: $3,150
  • Pro Forma/Market Rent: $3,150
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $3,600
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.42%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $133,200
  • Net Operating Income: $84,063
  • Gross Operating Income: $126,540
Annual Expense Breakdown
  • Total Operating Expense: $42,347
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $22,868
  • Trash: $2,100
  • Gardener: $800
  • Insurance: $5,418
  • Maintenance: $2,000
  • Professional Management: $5,061
  • Water/Sewer: $0
  • Other Expenses: $3,200
  • Other Expense Description: Util.

Property Details for 4786 E Malta St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, Laminate, Tile
  • Kitchen, Living Room, Master Bathroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Electric Oven, Electric Range, Vented Exhaust Fan
Interior Features
  • Formica Counters, Living Room Balcony
  • Levels: Two
  • Window Features: Screens
  • Security Features: Gated Community, Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned, Garage
Lot Information
  • Lot Features: Lot 6500-9999, Sprinklers In Front
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 7220002022
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Foundation Details: Slab
  • Property is not Attached
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Los Altos/North of Fwy (LNF)
  • Directions: North on PCH, right on Park Ave., left on Malta Street
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 4786 E Malta St

Last sold for $1,875,000 on October 30th, 2020

  • October, 2020

  • Oct 31, 2020

    Date

    Sold

    CRMLS: OC20155591

    $1,875,000

    Price

  • Oct 5, 2020

    Date

    Pending

    CRMLS: OC20155591

    $1,900,000

    Price

  • Aug 31, 2020

    Date

    Active Under Contract

    CRMLS: OC20155591

    $1,900,000

    Price

  • Aug 3, 2020

    Date

    Active

    CRMLS: OC20155591

    $1,900,000

    Price

  • October, 2020

  • Oct 30, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,875,000

    Price

  • August, 2012

  • Aug 20, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4786 E Malta St

Assessed Value (2020): $735,072
Year Land Value Improved Value Assessed Value
2020 $294,026 $441,046 $735,072

Home Value Compared to the Market

This property vs the competition

4786 E Malta St sold on October 29, 2020 for 131.99% 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 $342.47 per/sqft which puts the price per square foot 45.47% lower than the current median sale per square foot for the city of Long Beach.

About 4786 E Malta St

Detailed summary of property

4786 E Malta St is a multi family that recently sold in Long Beach, CA 90815. This multi family property offered 10 bedrooms, 8 bathrooms, roughly 5,548 living square feet, and sits on an approximately 7,891 square foot lot. 4786 E Malta St was first listed on ArdentRealEstateGroup.com on August 3, 2020. The homeowner sold the property for $1,875,000. 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 131.99% higher than the current median priced home. Local homes that are currently for sale include 236 Corona Ave, 187 Roycroft Ave and 179 Saint Joseph Ave. While the average home in Long Beach, CA is selling in 62 days, 4786 E Malta St has a days on market of 8 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 4786 E Malta St Long Beach, CA 90815 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 4786 E Malta St

Public county record property details
Beds
10
Baths
11
Year built
1978
Sq. Ft.
5,548
Lot Size
8,096
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
7220-002-022

The source for these homes facts are from public records.

90815 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.
$650
Median Sold Price
$1,115,000
Median Sold Price/Sq.Ft.
$669
Total Inventory
77
Median Sale to List Price %
95.71%
Avg Days on Market
23
Loan Type
Conventional (44.83%), FHA (3.45%), VA (3.45%), Cash (17.24%), Other (31.03%)

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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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