Seller's Agent in 2022
Ryan Sharpe
Kidder Mathews of California, Inc
(714) 654-3564
1 in this area
4 Total Sales
1023 E 4th St Long Beach, CA 90802
North Alamitos Beach Neighborhood
5
Beds
3
Baths
5,750
Sq Ft
7,510
Sq Ft Lot
Highlights
- 0.17 Acre Lot
- Laundry Room
- Level Lot
- Long Beach Polytechnic High School Rated A
About This Home
As of April 2022The following mixed-use opportunity consists of two separate structures and approximately 5,750 square feet of gross leasable space. The front building is just under 5,000 square feet containing one 1 bedroom 1 bath unit and one 2 bedroom 1 bath unit above three retail/commercial units. The second freestanding structure is a +/- 800 square foot two bedroom house. All tenants are Month to Month (MTM) and are paying conservative or below market rents. The MTM tenancy gives an owner user or an investor the ability to either occupy or reposition the property at market rents. This is a rare opportunity to purchase a mixed-use asset on just over a 7,500 square foot lot just outside of the East Village Arts District in Long Beach, CA. HIGHLIGHTS: LONG TERM tenants, low rents. Near 100% collection since COVID. LOCATED and on one of the best retail corridors in the city of Long Beach. WALK SCORE Walker's Paradise (93). NEW general plan allows for redevlopment up to 7 stories in the future. LONG BEACH is the up and coming coastal city in Los Angeles county. Hundreds of millions of dollars are pouring into this city and tons of high density mixed use development in planning or developing stages. MIXED-USE allows to diversify risk with both retail and residential tenants
Last Agent to Sell the Property
Kidder Mathews of California, Inc License #01940376 Listed on: 10/25/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $25,243
Year Built
- Built in 1937
Lot Details
- 7,510 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Home Design
- Apartment
Interior Spaces
- 5,750 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Listing and Financial Details
- Tax Lot 24
- Assessor Parcel Number 7266009014
- $197 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 6 Units
- Alamitos Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 6 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $408
- Fuel Expense $407
- Insurance Expense $3,035
- Maintenance Expense $2,719
- Other Expense $197
- Trash Expense $407
- Water Sewer Expense $407
- New Taxes Expense $21,133
- Operating Expense $33,890
- Net Operating Income $62,664
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 25, 2021
Closed on
Apr 14, 2022
Sold by
Vj Valquez Separate Property Trust and Fds Trust
Bought by
Kind Commercial Llc
Seller's Agent
Ryan Sharpe
Kidder Mathews of California, Inc
Buyer's Agent
Janie Trinh
Greenfield Realty
List Price
$1,888,000
Sold Price
$1,850,000
Premium/Discount to List
-$38,000
-2.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,205,750
Outstanding Balance
$1,131,751
Interest Rate
3.85%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 29, 2021
Sold by
Santi Fred Delli
Bought by
Dellisanti Fred and Fds Trust
Purchase Details
Closed on
Jun 10, 2020
Sold by
Vazquez Virginia Jeannie and Dellisanti Virginia
Bought by
Vazquez Virginia Jeannie and Vj Vazquez Separate Property T
Purchase Details
Closed on
Dec 13, 2012
Sold by
Dellisanti Fred and Dellisanti Virginia
Bought by
Dellisanti Fred and Dellisanti Virginia
Purchase Details
Closed on
Jul 18, 2001
Sold by
Smith Paint & Supply Employees Retiremen
Bought by
Dellisanti Fred and Dellisanti Virgina
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kind Commercial Llc | -- | New Title Company Name | |
| Dellisanti Fred | -- | None Available | |
| Vazquez Virginia Jeannie | -- | None Available | |
| Dellisanti Fred | -- | None Available | |
| Dellisanti Fred | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kind Commercial Llc | $1,205,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2022 04/22/22 | Sold | $1,850,000 | -2.0% | $322 / Sq Ft |
| 02/23/2022 02/23/22 | For Sale | $1,888,000 | 0.0% | $328 / Sq Ft |
| 01/19/2022 01/19/22 | Pending | -- | -- | -- |
| 10/25/2021 10/25/21 | For Sale | $1,888,000 | -- | $328 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $25,243 | $1,963,234 | $838,354 | $1,124,880 |
| 2024 | $25,243 | $1,924,740 | $821,916 | $1,102,824 |
| 2023 | $24,816 | $1,887,000 | $805,800 | $1,081,200 |
| 2022 | $4,311 | $253,621 | $170,106 | $83,515 |
| 2021 | $4,188 | $248,649 | $166,771 | $81,878 |
| 2020 | $4,177 | $246,100 | $165,061 | $81,039 |
| 2019 | $4,130 | $241,275 | $161,825 | $79,450 |
| 2018 | $3,875 | $236,545 | $158,652 | $77,893 |
| 2016 | $3,559 | $227,362 | $152,493 | $74,869 |
| 2015 | $3,438 | $223,948 | $150,203 | $73,745 |
| 2014 | $3,421 | $219,562 | $147,261 | $72,301 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Sharpe
-
Janie Trinh
J
Buyer's Agent in 2022
Janie Trinh
Greenfield Realty
(714) 775-4659
1 in this area
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21222156
APN: 7266-009-014
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 1004 E 5th St
- 1048 E 5th St
- 341 Bonito Ave
- 1065 E 3rd St Unit 8
- 955 E 3rd St Unit 304
- 1060 E 6th St
- 541 Cerritos Ave
- 1135 E 3rd St
- 615 Cerritos Ave
- 416 Orange Ave Unit 5
- 925 E Appleton St Unit 4
- 550 Orange Ave Unit 212
- 1116 E Appleton St
- 521 Olive Ave
- 1260 E 4th St Unit 3
- 1169 E Broadway
- 1237 E 6th St Unit 201
- 234 Lime Ave Unit A
- 958 E 2nd St
- 629 Olive Ave
- 1031 E 4th St
- 1029 E 4th St
- 1027 E 4th St Unit 1027
- 1035 E 4th St
- 1035 E 4th St Unit A
- 1035 E 4th St Unit C
- 416 Bonito Ave
- 1037 E 4th St
- 418 Bonito Ave
- 420 Bonito Ave
- 1033 E 4th St
- 428 Bonito Ave
- 1045 E 4th St Unit 8
- 1045 E 4th St Unit 9
- 434 Bonito Ave
- 438 Bonito Ave
- 975 E 4th St
- 1 Bonito Ave
- 1014 E 5th St
- 1067-1073 E 4th St