NOT LISTED FOR SALE

2405 E 4th St Long Beach, CA 90814

Bluff Heights Neighborhood

Estimated Value: $1,739,000 - $2,936,000

3 Beds
2 Baths
4,920 Sq Ft
$485/Sq Ft Est. Value

Last Sold October 30, 2012

Last sale price $1,000,000 $203 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $14,136/month

3 Days on Market

About This Home

As of October 2012

4 Units - Great Unit Mix, East of Cherry adjacent to Alamitos Beach!
We are proud to offer a well-maintained four-unit building located at 2405 East 4th Street. The
property is three blocks North of Ocean Boulevard and one block East of Junipero Avenue in a trendy little pocket called
"Retro Row" adjacent to Belmont Heights and Alamitos Beach in the city of Long Beach. The property is a two-story
walk-up style building consisting of four three-bedroom/two-bathroom units. The wood-frame, painted stucco building
offers 4,920 rentable square feet and was constructed in 1972, and includes four enclosed garages. Each unit is separately
metered for gas and electricity and the property is located within close proximity to numerous restaurants and shopping
centers. This is a rare opportunity to acquire a high quality asset in one of Long Beach with a stable return, rental upside through
minor improvements, and available 30 year financing makes this acquisition a perfect addition to any investor's portfolio.

Last Agent to Sell the Property

Joshua Cohen

Keller Williams South Bay License #01346713 Listed on: 08/27/2012

Keller Williams South Bay

Last Buyer's Agent

Joshua Cohen

Keller Williams South Bay License #01346713 Listed on: 08/27/2012

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,910

Year Built

  • Built in 1972

Lot Details

  • 6,527 Sq Ft Lot

Parking

  • 4 Car Garage

Home Design

  • 4,920 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7263020007

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Other Expense $21,714
  • Gross Income $7,200
  • Net Operating Income $60,366

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,910

Year Built

Built in 1972

Lot Details

0

Parking

4

Listing Details

  • CapRate: 6.04
  • Subdivision Name Other: Alamitos Beach (AB)
  • Property Type: Residential Income
  • Parcel Number: 7263020007
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Square Foot: 203.25

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Lot Info

  • Lot Size Sq Ft: 6527.00
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 7200.00
  • Gross Multiplier: 11.57
  • Gross Scheduled Income: 86400.00
  • Lot Size Area: 6527.0000 Square Feet
  • Net Operating Income: 60366.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 21714.00
  • Other Expense: 21714.00
  • Rent Control: No

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2012
Sold by
Bartlett Joseph F and Bartlett Doris E
Bought by
Stephens Michael D and Stephens Kimberlie J
Current Estimated Value
$2,319,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2008
Sold by
Bartlett Joseph
Bought by
Bartlett Joseph F

Purchase Details

Closed on
Jul 24, 2002
Sold by
Bartlett Joseph and Bartlett Verna
Bought by
Bartlett Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,750
Interest Rate
6.6%

Purchase Details

Closed on
Nov 6, 1996
Sold by
Pacific Relocation Services Inc
Bought by
Bartlett Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,285
Interest Rate
7.88%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 14, 1996
Sold by
Pnc Mtg Bank Na
Bought by
Pacific Relocation Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,285
Interest Rate
7.88%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 27, 1996
Sold by
Rieman William R and Rieman Connie
Bought by
Pnc Mtg Bank Na and Sears Svgs Bank

Purchase Details

Closed on
Feb 23, 1995
Sold by
Sopo Joseph S and Sopo Linda Wilcox
Bought by
Kleinberg Richard F
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Stephens Michael D $1,000,000 Fidelity National Title Co
Bartlett Joseph F -- None Available
Bartlett Joseph -- American Title Co
Bartlett Joseph -- Fidelity National Title
Pacific Relocation Services Inc $205,000 Fidelity National Title Ins
Pnc Mtg Bank Na $189,000 First Southwestern Title
Kleinberg Richard F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stephens Michael D $1,391,486
Previous Owner Stephens Michael D $750,000
Previous Owner Bartlett Joseph $648,700
Previous Owner Bartlett Joseph $321,750
Previous Owner Bartlett Joseph $290,285
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2012 10/30/12 Sold $1,000,000 0.0% $203 / Sq Ft
08/30/2012 08/30/12 Pending -- -- --
08/27/2012 08/27/12 For Sale $1,000,000 -- $203 / 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 $15,910 $1,231,420 $738,852 $492,568
2024 $15,910 $1,207,275 $724,365 $482,910
2023 $15,643 $1,183,604 $710,162 $473,442
2022 $14,690 $1,160,397 $696,238 $464,159
2021 $14,383 $1,137,645 $682,587 $455,058
2019 $14,176 $1,103,903 $662,342 $441,561
2018 $13,753 $1,082,258 $649,355 $432,903
2016 $12,631 $1,040,235 $624,141 $416,094
2015 $12,125 $1,024,610 $614,766 $409,844
2014 $12,044 $1,004,540 $602,724 $401,816
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Joshua Cohen

    Keller Williams South Bay

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S12107184

California Regional Multiple Listing Service (CRMLS)

APN: 7263-020-007

California Los Angeles County Long Beach 90814 Bluff Heights

2405 E 4th St, Long Beach, CA

This home is located at 2405 E 4th St, Long Beach, CA 90814 since 27 August 2012 and is currently estimated at $2,387,679, approximately $485 per square foot. This property was built in 1972. 2405 E 4th St is a home located in Los Angeles County with nearby schools including Burbank Elementary School, Woodrow Wilson High School, and St. Anthony Elementary 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

Nearby Homes