NOT LISTED FOR SALE

2333 E 4th St Long Beach, CA 90814

Bluff Heights Neighborhood

Estimated Value: $1,821,000

7 Beds
5 Baths
3,608 Sq Ft
$505/Sq Ft Est. Value

Sale Details

Date Sold: February 24, 2016

Last sale price $945,000 $262 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $11,928 / mo

93 Days on Market

About This Home

As of February 2016

The subject property is a four unit apartment building located in the desirable Alamitos Beach neighborhood of Long Beach. The subject property features an excellent unit mix of three one-bedroom/one-bath units and one four-bedroom/two-bath unit. The large unit could serve as an ideal owner’s unit as it features its own, fenced-in yard area. It could also be rented to a couple or to CSULB students as well at a much higher rent. There are six electrical and four gas meters. The units also feature newer wood or tile floors throughout. There are four attached garages and on-site laundry facilities for the tenants us and convenience. The back two units have been nearly entirely rebuilt - over $120,000 of improvements including stucco, paint, windows, garage doors, roof, cabinetry, etc. The property shows wonderfully and is able to get terrific rents as a result. The property also has an excellent location. It provides easy access to the beach as well as Belmont Shore or Downtown Long Beach restaurants and nightlife. In addition, the portion of 4th Street immediately west of the property is known as Retro Row and features a delightful mix of retro shops, restaurants, bars, and coffee shops.

Last Agent to Sell the Property

Joshua Cohen

Keller Williams Realty License #01346713 Listed on: 08/05/2015

Keller Williams Realty

Last Buyer's Agent

Joshua Cohen

Keller Williams Realty License #01346713 Listed on: 08/05/2015

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,530 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • 3,608 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 5768
  • Assessor Parcel Number 7263020005

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $6,225
  • Net Operating Income $41,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

6,530 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.41
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Heights (AH)
  • Property Type: Residential Income
  • Parcel Number: 7263020005
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 261.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6530.00
  • Price Per Lot Square Foot: 144.72
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 6225.00
  • Gross Scheduled Income: 74700.00
  • Lot Size Area: 6530.0000 Square Feet
  • Net Operating Income: 41900.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 31532.00
  • Rent Control: No
  • Total Actual Rent: 5125.00

Tax Info

  • Tax Lot: 5
  • Tax Tract Number: 5768.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 2022
Sold by
Bought by
Current Estimated Value
$1,821,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,813,000
Outstanding Balance
$1,699,405
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$121,595

Purchase Details

Listed on
Aug 5, 2015
Closed on
Mar 7, 2016
Sold by
Bought by
Seller's Agent
Joshua Cohen
Keller Williams Realty
Buyer's Agent
Joshua Cohen
Keller Williams Realty
List Price
$995,000
Sold Price
$945,000
Premium/Discount to List
-$50,000
-5.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.56%

Purchase Details

Closed on
Sep 29, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$661,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2013
Sold by
Bought by

Purchase Details

Closed on
Feb 16, 2009
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 2003
Sold by
Bought by

Purchase Details

Closed on
Sep 27, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
6.05%

Purchase Details

Closed on
Aug 22, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
6.05%

Purchase Details

Closed on
Aug 8, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
6.05%

Purchase Details

Closed on
Nov 13, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
4.4%

Purchase Details

Closed on
Apr 23, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,250
Interest Rate
6.98%

Purchase Details

Closed on
Mar 22, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,250
Interest Rate
6.98%

Purchase Details

Closed on
Nov 13, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 6, 1998
Sold by
Bought by

Purchase Details

Closed on
Sep 28, 1995
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,750,000 New Title Company Name
-- None Available
$945,000 Fidelity Sherman Oaks
-- None Available
-- None Available
-- --
-- --
-- Chicago Title
-- Chicago Title
$495,000 Chicago Title
-- First American Title Ins Co
-- Fidelity National Title
$185,000 Fidelity National Title
$185,000 Fidelity National Title
-- Fidelity National Title Ins
$195,500 American Title Ins Co
-- First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,813,000
Previous Owner $661,500
Previous Owner $396,000
Previous Owner $195,000
Previous Owner $107,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/24/2016 02/24/16 Sold $945,000 -5.0% $262 / Sq Ft
09/23/2015 09/23/15 Pending -- -- --
06/22/2015 06/22/15 For Sale $995,000 -- $276 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $25,349 $1,820,700 $1,014,390 $806,310
2024 $24,266 $1,785,000 $994,500 $790,500
2023 $23,798 $1,750,000 $975,000 $775,000
2022 $13,375 $1,054,161 $669,309 $384,852
2021 $13,101 $1,033,492 $656,186 $377,306
2020 $13,066 $1,022,896 $649,458 $373,438
2019 $12,914 $1,002,840 $636,724 $366,116
2018 $12,532 $983,178 $624,240 $358,938
2016 $9,289 $748,967 $572,128 $176,839
2015 $8,921 $737,718 $563,535 $174,183
2014 $8,870 $723,268 $552,497 $170,771
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Joshua Cohen

    Keller Williams Realty

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15135201

California Regional Multiple Listing Service (CRMLS)

APN: 7263-020-005

California Los Angeles County Long Beach 90814 Bluff Heights

2333 E 4th St, Long Beach, CA

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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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