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4831 Clark Ave Long Beach, CA 90808

$1,350,000 Sold Price as of 12/28/2022

4 Beds
4 Baths
2,320 Sq.Ft.

Sold

$1,350,000 Sold Price as of 12/28/2022 Refinance Your Mortgage

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Map preview of 4831 Clark Ave, Long Beach, CA 90808

Property Overview: 4831 Clark Ave Long Beach, CA has 4 bedrooms, 4 bathrooms, 2,320 living square feet and 8,848 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 4831 Clark Ave is a 4-unit building that is situated on an 8,848 Square foot lot. The subject property is composed of (4) 1-bedroom and 1-bath units (built 1944). Each 1-bedroom unit is approximately 600 square feet. There are (5) single-car garages located in the back of the property. Ownership has made substantial improvements including new landscaping, vinyl fences, exterior paint and two units have been fully updated. Electrical, plumbing, and roof are in great working condition. Gas & Electric are individually metered paid by the tenants and the owner pays for water and trash. This asset presents a unique opportunity to purchase a 4-unit building with 15% potential upside in rents in a premier location of Long Beach. There is also an opportunity for an investor to build (2) ADU's on the property to generate a significant amount of additional income.

Listed by John McCann | BRE #01963932 | Lyon Stahl Investment Real Estate, Inc.

Last checked: 2 minutes ago | Last updated: December 29th, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft: 8,848
HOA Dues: $0/mo
Year built: 1944
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22214271
City: Long Beach
County: Los Angeles
Time on Site: 546 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,921
Total Rent: $1,921
Pro Forma/Market Rent: $1,921

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,548
Total Rent: $1,548
Pro Forma/Market Rent: $1,800

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,600
Total Rent: $1,600
Pro Forma/Market Rent: $1,800

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,595
Total Rent: $1,595
Pro Forma/Market Rent: $1,800

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.2%
Gross Rent Multiplier: 16.26
Gross Scheduled Income: --
Net Operating Income: $54,651
Gross Operating Income: $77,569

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 4831 Clark Ave

Interior Features

Heating Information

Has Heating
Wall Furnace

Kitchen Information

Has Appliances
Microwave, Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 8

Property Information

Total # of Units: 4
Parcel Number: 7181015013

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: Eastbound of Lakewood Blvd and Southbound of Del Amo Blvd

View more facts & features

Local Long Beach Agent

Sale History for 4831 Clark Ave

Last sold for $1,350,000 on December 28th, 2022

December, 2022
Dec 28, 2022

Date

Sold

CRMLS: 22214271

$1,350,000

Price
Nov 1, 2022

Date

Active

CRMLS: 22214271

$1,300,000

Price
December, 2004
Dec 29, 2004

Date

Sold (Public Records)

Public Records

$227,327

Price

Tax History for 4831 Clark Ave

Assessed Value (2020): $767,181

Year	Land Value	Improved Value	Assessed Value
2020	$531,128	$236,053	$767,181

Home Value Compared to the Market

This property vs the competition

4831 Clark Ave sold on December 28, 2022 for 71.05% 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 $560.34 per/sqft which puts the price per square foot 11.48% lower than the current median sale per square foot for the city of Long Beach.

About 4831 Clark Ave

Detailed summary of property

4831 Clark Ave is a multi family that recently sold in Long Beach, CA 90808. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,320 living square feet, and sits on an approximately 8,848 square foot lot. 4831 Clark Ave was first listed on ArdentRealEstateGroup.com on November 2, 2022. The homeowner sold the property for $1,350,000. 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 71.05% higher than the current median priced home. Local homes that are currently for sale include 275 E Artesia Blvd, 1408 Rose Ave and 2529 E 10th St. While the average home in Long Beach, CA is selling in 54 days, 4831 Clark Ave has a days on market of 10 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 4831 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 4831 Clark Ave

Public county record property details

Beds: 4
Baths: 4
Year built: 1944
Sq. Ft.: 2,320
Lot Size: 8,847
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 37
APN: 7181-015-013

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.