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529 W 4Th St Long Beach, CA 90802

$1,250,000 Sold Price as of 09/13/2021

9 Beds
6 Baths
3,812 Sq.Ft.

Sold

$1,250,000 Sold Price as of 09/13/2021 Refinance Your Mortgage

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Map preview of 529 W 4Th St, Long Beach, CA 90802

Property Overview: 529 W 4Th St Long Beach, CA has 9 bedrooms, 6 bathrooms, 3,812 living square feet and 7,487 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This well priced and well located 4 unit property - currently configured as 5 units - is located in Long Beach, California only a few blocks from the Promenade, Pine Street Eateries, the Convention Center and the Pike outdoor shopping complex. The 5 unit property is comprised of 2 separate structures on a large 7497 SF lot. The front structure is a pre-craftsman house with 3 bedrooms/2bth, built in 1900. The rear building is 1960-era construction and consists of 2 units with 2-Bedroom/1-Bth and 2 units with 1-Bedroom/1-Bth. All units are separately metered for gas and electricity. Front house was upgraded to newer plumbing and electricity in the 2000's. Both structures have newer roofs. This building is located two blocks away from the Long Beach Courthouse and walking distance to World Trade Center Long Beach and DTLB amenities. Tenants have convenient access to freeways as well as shops and restaurants. Coastal Long Beach has high demand and low vacancy rates. The city is currently investing in major redevelopment along with the Long Beach Port which is undergoing a $4 billion development. In addition, the $400 million Deukmajian Court House (Long Beach Courthouse) was completed in 2018. These factors, among many others, make this an excellent opportunity. Upside in the rents and amazing location! Don't miss this great investment opportunity in a dense rental market with low vacancy rate and strong income. Property address: 527 - 529 W 4th Street.

Listed by Eileen Rivera | BRE #01208517 | GE Dean and Associates
Co-listed by Grace Olson | BRE #01788043 | GE Dean and Associates

Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft: 7,487
HOA Dues: $0/mo
Year built: 1900
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: RS21106381
City: Long Beach
County: Los Angeles
Time on Site: 1082 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 2
# of Leased Units: 5
# of Electric Meters: 5
# of Gas Meters: 1
# 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: $1,800
Total Rent: $1,800
Pro Forma/Market Rent: $2,450

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,350
Total Rent: $1,350
Pro Forma/Market Rent: $1,500

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,000
Total Rent: $1,000
Pro Forma/Market Rent: $1,500

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,345
Total Rent: $1,345
Pro Forma/Market Rent: $1,800

Unit Breakdown 5

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,345
Total Rent: $1,345
Pro Forma/Market Rent: $1,800

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $82,080
Net Operating Income: $22,000
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $600
Electric: $0
Gas/Fuel: $0
New Taxes: $16,250
Trash: $1,200
Insurance: $2,200
Professional Management: $6,000
Water/Sewer: $960

Property Details for 529 W 4Th St

Interior Features

Laundry Information

Has Laundry
Community

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 10
Has Parking
Parking Features: Assigned

Lot Information

Lot Features: 0-1 Unit/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 5
Parcel Number: 7278026019
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Unknown
Water Source: Other

Location / Neighborhood

Location Information

Subdivision Name: Willmore District (WM)
Directions: From LA, use 710 South, exit Downtown Long Beach/Convention Center, property west of Magnolia at 4th St

Neighborhood Information

Community Features: Sidewalks

View more facts & features

Local Long Beach Agent

Sale History for 529 W 4Th St

Last sold for $1,250,000 on September 13th, 2021

September, 2021
Sep 14, 2021

Date

Sold

CRMLS: RS21106381

$1,250,000

Price
May 25, 2021

Date

Pending

CRMLS: RS21106381

$1,299,000

Price
May 18, 2021

Date

Active

CRMLS: RS21106381

$1,299,000

Price
October, 2013
Oct 11, 2013

Date

Sold (Public Records)

Public Records

$755,000

Price
November, 2010
Nov 8, 2010

Date

Sold (Public Records)

Public Records

$470,004

Price

Tax History for 529 W 4Th St

Assessed Value (2020): $846,271

Year	Land Value	Improved Value	Assessed Value
2020	$594,072	$252,199	$846,271

Home Value Compared to the Market

This property vs the competition

529 W 4Th St sold on September 13, 2021 for 62.38% 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 $340.77 per/sqft which puts the price per square foot 46.08% lower than the current median sale per square foot for the city of Long Beach.

About 529 W 4Th St

Detailed summary of property

529 W 4Th St is a multi family that recently sold in Long Beach, CA 90802. This multi family property offered 9 bedrooms, 6 bathrooms, roughly 3,812 living square feet, and sits on an approximately 7,487 square foot lot. 529 W 4Th St was first listed on ArdentRealEstateGroup.com on May 18, 2021. The homeowner sold the property for $1,250,000. 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 62.38% higher than the current median priced home. Local homes that are currently for sale include 1408 Rose Ave, 1015 Dawson Ave and 1615 Cherry Ave. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 529 W 4Th St Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 529 W 4Th St

Public county record property details

Beds: 9
Baths: 6
Year built: 1900
Sq. Ft.: 3,812
Lot Size: 7,486
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 23,24
APN: 7278-026-019

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$530,000

Median List Price/Sq.Ft.

$627

Median Sold Price

$540,000

Median Sold Price/Sq.Ft.

$627

Total Inventory

127

Median Sale to List Price %

102.86%

Avg Days on Market

Loan Type

Conventional (51.52%), FHA (3.03%), VA (3.03%), Cash (24.24%), Other (15.15%)

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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.