NOT LISTED FOR SALE

Estimated Value: $1,825,370 - $1,913,000

13 Beds
8 Baths
4,474 Sq Ft
$418/Sq Ft Est. Value

Last Sold October 10, 2024

Last sale price $1,875,000 $419 Per Sq Ft

Current estimated payment $11,083/month

1 Day on Market

Highlights

  • 0.21 Acre Lot
  • No HOA
  • Wall Furnace
  • Long Beach Polytechnic High School Rated A
  • Tile Flooring
  • 1-minute walk to Miracle On Fourth Street Park

About This Home

As of October 2024

MOTIVATED SELLER! We are pleased to present 1436- 1438 E. 4th St in the City of Long Beach, a distinguished multi-family single story property
that offers a great unit mix of 6 2Bed 1Bath, 1 2Bed 2Bath and 1 studio a total of 8 units. Its strategic location near the Ocean
and Downtown Long Beach making this one of the most accessible locations, an instant treat making every direction accessible
for the fullest daily living. Walk to your local dining and enjoy the sea breeze. Parking is 1:1 Steet parking, public
transportation is a stone throw away. All units are occupied with long term residents.

Last Agent to Sell the Property

Tom Ma

TREELINE REALTY Brokerage Phone: 626-705-3909 License #01942540 Listed on: 09/24/2024

TREELINE REALTY

Last Buyer's Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 9,037 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Apartment
  • Entry on the 2nd floor
  • Shingle Roof

Interior Spaces

  • 4,474 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 8 Bathrooms

Parking

  • Parking Available
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 8 / S
  • Tax Tract Number 5500
  • Assessor Parcel Number 7275007004
  • $1,493 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 8 Units
  • Downtown Subdivision

Building Details

  • 8 Leased Units
  • 3 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,000
  • Insurance Expense $3,374
  • Water Sewer Expense $8,400
  • Operating Expense $14,774
  • Gross Income $110,161
  • Net Operating Income $110,161

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 8400.00
  • Zoning: LBCNR
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7275007004
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Entry Level: 2
  • Levels: One
  • Price Per Square Foot: 419.09
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Off Street

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 9037.00
  • Lot Size Acres: 0.2075

Rental Info

  • Tenant Pays: Other

Multi Family

  • Electric Expense: 3000.00
  • Gross Income: 110161.00
  • Gross Scheduled Income: 125470.00
  • Insurance Expense: 3374.00
  • Lot Size Area: 9037.0000 Square Feet
  • Net Operating Income: 110161.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 15309.00
  • Rent Control: No
  • Total Actual Rent: 15707.00
  • Total Expenses: 14774.00

Tax Info

  • Tax Block: S
  • Tax Census Tract: 5765.02
  • Tax Lot: 8
  • Tax Tract Number: 5500
  • TaxOtherAnnualAssessmentAmount: 1493.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2024
Closed on
Oct 8, 2024
Sold by
Fourth Street Villa Llc
Bought by
Ge 4Th Llc
Seller's Agent
Tom Ma
TREELINE REALTY
Buyer's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,850,000
Sold Price
$1,875,000
Premium/Discount to List
$25,000
1.35%
Views
14
Current Estimated Value
$1,869,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,815
Avg. Annual Appreciation
-0.26%
Original Mortgage
$1,125,000
Outstanding Balance
$1,113,173
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$756,012

Purchase Details

Closed on
Aug 24, 2006
Sold by
Lodge John R and Lodge Jamie Y
Bought by
Fourth Street Villa Llc

Purchase Details

Closed on
May 26, 2006
Sold by
Clough Sean C and Roux Clough Fern R
Bought by
Lodge John R and Lodge Jamie Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 5, 2002
Sold by
Storrs Wayne Roy and Storrs Nancy Carol
Bought by
Clough Sean C and Roux Clough Fern R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,750
Interest Rate
5.37%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Ge 4Th Llc $1,875,000 Chicago Title Company
Fourth Street Villa Llc -- None Available
Lodge John R -- None Available
Lodge John R $855,000 Ticor Title
Clough Sean C $385,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ge 4Th Llc $1,125,000
Previous Owner Lodge John R $450,000
Previous Owner Clough Sean C $288,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2024 10/10/24 Sold $1,875,000 +1.4% $419 / Sq Ft
09/25/2024 09/25/24 Pending -- -- --
09/24/2024 09/24/24 For Sale $1,850,000 -- $414 / 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 $15,484 $1,875,000 $1,200,000 $675,000
2024 $15,484 $1,123,047 $656,753 $466,294
2023 $15,213 $1,101,027 $643,876 $457,151
2022 $14,300 $1,079,439 $631,251 $448,188
2021 $13,992 $1,058,274 $618,874 $439,400
2020 $13,956 $1,049,024 $612,529 $436,495
2019 $13,793 $1,028,487 $600,519 $427,968
2018 $13,366 $1,008,353 $588,745 $419,608
2016 $12,304 $967,661 $565,884 $401,777
2015 $11,823 $953,126 $557,384 $395,742
2014 $11,773 $934,456 $546,466 $387,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS24198742

California Regional Multiple Listing Service (CRMLS)

APN: 7275-007-004