NOT LISTED FOR SALE

1445 E 4th St Long Beach, CA 90802

North Alamitos Beach Neighborhood
1 Bed
2 Baths
19,799 Sq Ft
0.48 Acres

Last Sold December 01, 2015

Last sale price $5,300,000 $268 Per Sq Ft

28 Days on Market

Highlights

  • Private Pool
  • 0.48 Acre Lot
  • 2-minute walk to Miracle On Fourth Street Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of December 2015

We are pleased to present the 32-unit apartment complex located at 1445 East 4th Street in Long Beach,
California. The property is located in a strong rental market just blocks from Retro Row, a vibrant and creative
neighborhood home to an exciting group of more than 40 independent merchants. Adding to the retro vibe of the street
is the restored 1920’s Art Theatre, which hosts a mix of art films, live concerts, comedy and other unique events. 4th
Street is one of the few designated bike-friendly business districts in the city and has been featured in The New York
Times as well as New York, Sunset and Los Angeles magazines.

Built in 1957, the subject property consists of 19,799 rentable square feet on two parcels with a total lot size of 20,996
square feet. The subject property has two studio/one-bath and 30 one-bedroom/one-bath units and offers 16 parking
spots in the rear of the building. Owners enjoy the high demand for rentals in a coastal city of Southern California, while
tenants enjoy the luxury of a pool and close proximity to shopping, dining, entertainment and employment in both
downtown Long Beach and Belmont Shore.

Last Agent to Sell the Property

Kevin King

Marcus & Millichap License #01158184 Listed on: 09/14/2015

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.48 Acre Lot
  • Two or More Common Walls
  • Density is 31-35 Units/Acre

Parking

  • 16 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 19,799 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Additional Features

  • Private Pool
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 576502
  • Assessor Parcel Number 7266018237

Community Details

Overview

  • 32 Units

Recreation

  • Community Pool

Building Details

  • 32 Separate Electric Meters
  • 32 Separate Gas Meters
  • Electric Expense $6,492
  • Gardener Expense $1,400
  • Insurance Expense $5,855
  • Maintenance Expense $20,800
  • Other Expense $3,200
  • Pool Expense $1,950
  • Professional Management Expense $27,340
  • Trash Expense $6,492
  • Water Sewer Expense $6,492
  • New Taxes Expense $61,875
  • Gross Income $377,508
  • Net Operating Income $235,613

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Professional Management Expense: 27340.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Heights (AH)
  • Water Sewer Expenses: 6492.00
  • Property Type: Residential Income
  • Gardener Expense: 1400.00
  • Parcel Number: 7266018237
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 267.69

Exterior Features

  • Pool Expense: 1950.00
  • Pool Features: Community
  • Pool Private: Yes

Garage/Parking

  • Total Parking Spaces: 16.00

Utilities

  • Sewer: Unknown
  • Trash Expense: 6492.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 31-35 Units/Acre
  • Lot Size Sq Ft: 20996.00
  • Price Per Lot Square Foot: 252.43
  • Lot Size Acres: 0.4820

Multi Family

  • Electric Expense: 6492.00
  • Gross Income: 377508.00
  • Gross Scheduled Income: 389184.00
  • Insurance Expense: 5855.00
  • Lot Size Area: 20996.0000 Square Feet
  • Maintenance Expense: 20800.00
  • Net Operating Income: 235613.00
  • Number Of Separate Electric Meters: 32
  • Number Of Separate Gas Meters: 32
  • Number Of Units Total: 32
  • Operating Expense: 141896.00
  • Other Expense: 3200.00
  • Other Expense Description: Misc.
  • Rent Control: No

Tax Info

  • New Taxes Expense: 61875.00
  • Tax Lot: 11
  • Tax Tract Number: 576502

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2015 12/01/15 Sold $5,300,000 -3.6% $268 / Sq Ft
10/12/2015 10/12/15 Pending -- -- --
09/14/2015 09/14/15 For Sale $5,500,000 -- $278 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin King

    Seller's Agent in 2015

    Kevin King

    Marcus & Millichap

    (562) 257-1245

    7 in this area

    42 Total Sales

    Kevin King
    Section Image

  • N

    Buyer's Agent in 2015

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    3 in this area

    6,160 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15202802

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90802 North Alamitos Beach

1445 E 4th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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

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