NOT LISTED FOR SALE

1427 E 4th St Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated Value: $1,169,965

-- Bed
1 Bath
5,065 Sq Ft
$231/Sq Ft Est. Value

Last Sold June 01, 2023

Last sale price $1,200,000 $237 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $7,499/month

12 Days on Market

About This Home

As of June 2023

1427 E 4th Street is a well-positioned mixed-use property in Long Beach. Built in 1929, the existing 5,065 SF building features (1) commercial unit downstairs and (4) studio units upstairs. The downstairs commercial space can be adapted to split between (2) tenants and features (2) large storage rooms, (2) bathrooms, (2) meeting rooms and an office. All (4) upstairs studio units are equipped with full kitchens.
With a 5.55% market cap, this property is a unique opportunity for any investor or owner-user looking to capitalize on mixed use potential and a value-add proposition in the rapidly gentrifying Long Beach Area.

Last Agent to Sell the Property

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 04/05/2023

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Woody Stahl

Lyon Stahl Investment Real Est License #01399621

Last Buyer's Agent

Olga Wright

Lyon Stahl Investment Real Estate, Inc. License #01315042

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 2,951 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • 5,065 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 5765
  • Assessor Parcel Number 7266018036
  • $1,185 per year additional tax assessments

Community Details

Overview

  • 5 Units

Building Details

  • 1 Leased Unit
  • 3 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $2,026
  • Maintenance Expense $2,822
  • Other Expense $4,000
  • Professional Management Expense $4,704
  • New Taxes Expense $16,958
  • Operating Expense $31,710
  • Gross Income $89,376
  • Net Operating Income $57,666

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Professional Management Expense: 4704.00
  • Property Attached: Yes
  • Zoning: LBCNR
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7266018036
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 236.92

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2951.00
  • Lot Size Acres: 0.0677

Multi Family

  • Gross Income: 89376.00
  • Gross Operating Income: 89376.00
  • Gross Scheduled Income: 94080.00
  • Insurance Expense: 2026.00
  • Lot Size Area: 2951.0000 Square Feet
  • Maintenance Expense: 2822.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 57666.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 5
  • Operating Expense: 31710.00
  • Other Expense: 4000.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Actual Rent: 7840.00
  • Total Expenses: 31710.00

Tax Info

  • New Taxes Expense: 16958.00
  • Tax Census Tract: 5765.02
  • Tax Lot: 10
  • Tax Tract Number: 5765
  • TaxOtherAnnualAssessmentAmount: 1185.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 27, 2005
Sold by
Shaw Carol Ann
Bought by
Proper Shaw Carol Ann and Proper Carol Ann Shaw Separate
Current Estimated Value
$1,169,965

Purchase Details

Closed on
Mar 28, 2003
Sold by
Shaw Lawrence W
Bought by
Huneycutt Shaw Lawrence William and Huneycutt Shaw Mildred Woody
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Proper Shaw Carol Ann -- --
Huneycutt Shaw Lawrence William -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2023 06/01/23 Sold $1,200,000 -14.3% $237 / Sq Ft
04/17/2023 04/17/23 Pending -- -- --
04/05/2023 04/05/23 For Sale $1,400,000 -- $276 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $16,444 $1,248,480 $416,160 $832,320
2024 $16,444 $1,224,000 $408,000 $816,000
2023 $4,180 $237,205 $86,104 $151,101
2022 $3,952 $232,555 $84,416 $148,139
2021 $3,828 $227,996 $82,761 $145,235
2019 $3,772 $221,235 $80,307 $140,928
2018 $3,635 $216,898 $78,733 $138,165
2016 $3,327 $208,477 $75,677 $132,800
2015 $3,215 $205,347 $74,541 $130,806
2014 $3,200 $201,325 $73,081 $128,244
Source: Public Records

Agents Affiliated with this Home

  • Brett Lyon

    Seller's Agent in 2023

    Brett Lyon

    Lyon Stahl Investment Real Estate, Inc.

    (310) 780-1899

    1 in this area

    143 Total Sales

    Brett Lyon
    Section Image
  • Woody Stahl

    Seller Co-Listing Agent in 2023

    Woody Stahl

    Lyon Stahl Investment Real Est

    (310) 710-3829

    1 in this area

    152 Total Sales

    Woody Stahl
    Section Image
  • Olga Wright

    Buyer's Agent in 2023

    Olga Wright

    Lyon Stahl Investment Real Estate, Inc.

    (310) 425-9838

    1 in this area

    100 Total Sales

    Olga Wright
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23054971

California Regional Multiple Listing Service (CRMLS)

APN: 7266-018-036

California Los Angeles County Long Beach 90802 North Alamitos Beach

1427 E 4th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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