NOT LISTED FOR SALE

1625 E 4th St Long Beach, CA 90802

North Alamitos Beach Neighborhood
5 Beds
6 Baths
4,404 Sq Ft
6,618 Sq Ft Lot

Last Sold January 13, 2021

Last sale price $1,400,000 $318 Per Sq Ft

14 Days on Market

About This Home

As of January 2021

Well priced and well located 6 unit property located in Alamitos Beach, only a few blocks from the infamous 4th Street Retro Row. The 6 unit property is comprised of 3 separate structures on a large 6,618 SF Lot. The front structure is a 1,072 SF 3bed/1bth Craftsman home. The middle structure is 1,980 SF and made up of a 4 studio units, two on the first floor and two on the second floor. Approximately 500 SF each. The rear structure is comprised of a large, approx. 1300 SF 2bd/1bth unit over 3 single car garages. Building is separately metered for gas and electricity. Same owner for 40+ years. Front house and some of the studios have been lightly remodeled in the last year. Property needs a little TLC. 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.

Last Agent to Sell the Property

Spencer Pabst

Pabst, Kinney & Associates License #01849377 Listed on: 10/19/2020

Last Buyer's Agent

Cameron Jacques

Kinnery's Brokerage House License #01852032

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,618 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 3 Car Garage

Home Design

  • 4,404 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 5765
  • Assessor Parcel Number 7266019025

Community Details

Overview

  • 3 Buildings
  • 6 Units
  • Alamitos Beach Subdivision

Building Details

  • 5 Leased Units
  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $8,660
  • Net Operating Income $103,920

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBCNR
  • Property Type: Residential Income
  • Parcel Number: 7266019025
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 317.89

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6618.00
  • Lot Size Acres: 0.1519

Multi Family

  • Garage Income: 100.00
  • Gross Income: 8660.00
  • Gross Scheduled Income: 103920.00
  • Lot Size Area: 6618.0000 Square Feet
  • Net Operating Income: 103920.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 5
  • Number Of Units Total: 6
  • Rent Control: No
  • Total Actual Rent: 8560.00

Tax Info

  • Tax Census Tract: 5765.03
  • Tax Lot: 22
  • Tax Tract Number: 5765

Range of Values:

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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 Change Sq Ft Price
01/13/2021 01/13/21 Sold $1,400,000 -6.6% $318 / Sq Ft
11/02/2020 11/02/20 Pending -- -- --
10/19/2020 10/19/20 For Sale $1,499,500 -- $340 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Spencer Pabst

    Seller's Agent in 2021

    Spencer Pabst

    Pabst, Kinney & Associates

    (562) 884-6875

    4 in this area

    56 Total Sales

    Section Image
  • Cameron Jacques

    Buyer's Agent in 2021

    Cameron Jacques

    Kinnery's Brokerage House

    (562) 800-0838

    2 in this area

    55 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20220933

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90802 North Alamitos Beach

1625 E 4th St, Long Beach, CA

This home is located at 1625 E 4th St, Long Beach, CA 90802 since 19 October 2020. This property was built in 1923. 1625 E 4th St is a home located in Los Angeles County with nearby schools including Burbank Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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.

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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