$1,380,000
SOLD MAY 20, 2022
8 Beds
6 Baths
2,397 Sq Ft
5,563 Sq Ft Lot

Recently Sold

$576 Per Sq Ft

7% Above List Price

30 Days on Market

Highlights

  • 0.13 Acre Lot
  • Craftsman Architecture
  • North Facing Home
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • 2-minute walk to Miracle On Fourth Street Park

About This Home

As of May 2022

1710 E 4th Street is a 4-unit building that is situated on a 5,563 Square foot lot. The subject property is composed of (1) 2 bedroom and 1 bath house (built 1923), (2) 1 bedroom and 1 bath units (built 1953), (1) studio attached to the front house, and (1) 1 bedroom and 1 bath non conforming ADU. Each 1 bedroom unit is approximately 600 square feet each, the front house is about 1,000 square feet, and the studio is about 300 square feet. There are (2) double garages below the 1 bedroom units. Gas & electric are individually metered paid by the tenants and the owner pays for water and trash. Value Add Opportunity Along with the 15% potential upside in rents, one of the two car garages in the back has been converted into a 1-bed/1-bath unit. It has electrical, plumbing, bedroom, bathroom, shower, and a kitchen. This converted unit is currently not being rented. The studio can also be converted into a 1-bed/1-bath unit. The on-site coin laundry room is currently inside a bedroom once connected to the studio, but is now closed off. If both units are legally converted they will add about $2,000/month in additional income.

Last Agent to Sell the Property

Jack Mccann

Lyon Stahl Investment Real Estate, Inc. License #01963932 Listed on: 02/21/2022

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Dale Jervis

License #00849695

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,644

Year Built

  • Built in 1923

Lot Details

  • 5,563 Sq Ft Lot
  • North Facing Home

Parking

  • 4 Car Garage
  • On-Street Parking

Home Design

  • Craftsman Architecture
  • Flat Roof Shape
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,397 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 7275-016-016

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Vacancy Allowance $2,347

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,644

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 2397
  • Lot Acreage: 0.1277
  • Price Per Unit: 323750.00
  • Probate: No
  • Stories: 2
  • Year Built: 1923
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Laundry: Laundry Area
  • Total Bathrooms: 6.00
  • Equipment: Range/Oven, Refrigerator, Washer, Dryer
  • Price Per S Q F T: 540.26

Exterior Features

  • Direction Faces: North
  • Construction: Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Flat, Shingle
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Garage - 2 Car, On street
  • Total Parking: 4

Utilities

  • Water Heater: Gas
  • Cooling: Window Unit(s)
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 58.90
  • Assessed Improvement Value: 470267
  • Assessed Land Percent: 41.1
  • Assessed Land Value: 328093
  • Total Assessed Value: 798360
  • Assessor Parcel Number: 7275-016-016
  • Lot Size Area: 5563

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 16.55
  • Number Of Units: 4
  • Total Annual Expense: 23833
  • Type Of Units: Income
  • Vacancy Allow: 2347
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2022
Sold by
Castillo Mario
Bought by
Rrc Investments Llc
Current Estimated Value
$1,347,481

Purchase Details

Listed on
Mar 3, 2016
Closed on
May 10, 2016
Sold by
Breedlove James Felman and The Breedlove Family Trust
Bought by
Ament David and Ament Colleen
Seller's Agent
Chris Breedlove
Rosewood Investment Group
Buyer's Agent
Chris Breedlove
Rosewood Investment Group
List Price
$699,900
Sold Price
$730,000
Premium/Discount to List
$30,100
4.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.89%
Original Mortgage
$584,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2008
Sold by
Breedlove James F and Breedlove Crystal M
Bought by
Breedlove James Felman and Breedlove Crystal Marie
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- --
Grant Deed $730,000 First American Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $584,000 New Conventional
Previous Owner $263,000 New Conventional
Previous Owner $300,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2022 05/20/22 Sold $1,380,000 +6.6% $576 / Sq Ft
03/23/2022 03/23/22 Pending -- -- --
02/21/2022 02/21/22 For Sale $1,295,000 +77.4% $540 / Sq Ft
06/22/2016 06/22/16 Sold $730,000 +4.3% $291 / Sq Ft
04/27/2016 04/27/16 Pending -- -- --
03/03/2016 03/03/16 For Sale $699,900 -- $279 / Sq Ft
Source: The MLS

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 $18,644 $1,464,466 $1,098,350 $366,116
2024 $18,644 $1,435,752 $1,076,814 $358,938
2023 $18,330 $1,407,600 $1,055,700 $351,900
2022 $10,475 $814,326 $334,654 $479,672
2021 $10,261 $798,360 $328,093 $470,267
2019 $10,115 $774,681 $318,362 $456,319
2018 $9,788 $759,492 $312,120 $447,372
2016 $4,210 $314,847 $219,666 $95,181
2015 $4,051 $310,119 $216,367 $93,752
2014 $4,043 $304,045 $212,129 $91,916
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-128345

The MLS

APN: 7275-016-016