D
Seller's Agent in 2017
Deborah Lambros
Berkshire Hathaway HomeServices California Properties
2634 E 4th St Long Beach, CA 90814
Bluff Heights NeighborhoodEstimated Value: $1,987,832
5
Beds
5
Baths
3,454
Sq Ft
$576/Sq Ft
Est. Value
Highlights
- Craftsman Architecture
- Property is near public transit
- No HOA
- Woodrow Wilson High School Rated A
- Corner Lot
- Cooling System Mounted To A Wall/Window
About This Home
As of February 2017TURNKEY MIXED USE INVESTMENT PROPERTY WELL LOCATED IN THE HEART OF HIGHLY DESIRABLE RETRO ROW. Originally built in 1947, Extensively Remodeled in 2015, Comprised of 5 units plus 3 garages and a private-gated center courtyard common area. 4 Residential Units and 1 Corner Retail Space boasting prominent visibility, window display and stylishly striped awnings. Each residential unit has its own laundry area. Separately metered units. The property features recent extensive renovations to exteriors and most interiors including: Remodeled Kitchens & Baths, New Wood Flooring, Washer-Dryer Hookups, Granite Counters, New Appliances, New Bathroom Tiles, New Light Fixtures, New Interior and Exterior Doors, New Drought Resistant Landscaping, Tankless Water-Heaters, Refinished Windows, Newly Painted and More. Strong rental history in an A Location just blocks away from beach, Ocean Blvd., Downtown and 2nd St. and Belmont Shores. Partake of all Retro Row & Art District have to offer including specialty coffee shops, wine bars and farm fresh organic restaurants, high-end designer and vintage stores, The Art Theater/Film Festival, live music, vintage emporiums, surf shops and more. NO RENT CONTROL. LOW MAINTENANCE/ SEPARATELY METERED UNITS. Walking distance to schools, churches and public transportation. Area trending upwards due to Long Beach Port improvement project, Convention Center, Aquarium, Grand Prix. Don't miss this A+ Investment Opportunity. (This is a Trust Sale)
Last Agent to Sell the Property
Deborah Lambros
Berkshire Hathaway HomeServices California Properties License #01332567 Listed on: 09/25/2016
Last Buyer's Agent
Deborah Lambros
Berkshire Hathaway HomeServices California Properties License #01332567 Listed on: 09/25/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,750
Year Built
- Built in 1947
Lot Details
- 4,753 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Corner Lot
- Paved or Partially Paved Lot
- Level Lot
- Density is 2-5 Units/Acre
Home Design
- Craftsman Architecture
- Bungalow
- Property Attached
- Composition Roof
Interior Spaces
- 3,454 Sq Ft Home
- 2-Story Property
- Awning
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Washer
Parking
- 3 Car Garage
- Parking Available
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near public transit
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Wall Furnace
- Sewer Paid
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Tax Lot 100
- Tax Tract Number 95
- Assessor Parcel Number 7263024020
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $360
- Insurance Expense $2,345
- Professional Management Expense $4,788
- Water Sewer Expense $384
- New Taxes Expense $14,887
- Operating Expense $22,764
- Net Operating Income $62,436
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 29, 2016
Sold by
Colyvas Doris
Bought by
Hempen Lawrence Anthony and Fourth Street Long Beach Trust
Current Estimated Value
Purchase Details
Closed on
Apr 28, 2016
Sold by
Hempen Lawrence Anthony and Fourth Street Long Beach Trust
Bought by
Iz Management Llc
Purchase Details
Listed on
Jun 2, 2015
Closed on
Jul 14, 2015
Sold by
Long Beach Apartment Investors Llc
Bought by
Colyvas Doris
Seller's Agent
Steve Warshauer
Coldwell Banker Commercial
Buyer's Agent
Deborah Lambros
Berkshire Hathaway HomeServices California Properties
List Price
$1,205,000
Sold Price
$1,165,700
Premium/Discount to List
-$39,300
-3.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.35%
Purchase Details
Closed on
Oct 10, 2014
Sold by
Grani Gregory A
Bought by
Grani Debbie S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$587,500
Interest Rate
3.95%
Mortgage Type
Construction
Purchase Details
Closed on
Aug 26, 2014
Sold by
Grani Debbie S
Bought by
Long Beach Apartment Investors Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$587,500
Interest Rate
3.95%
Mortgage Type
Construction
Purchase Details
Closed on
Aug 21, 2006
Sold by
Grani Gregory A and Grani Debbie S
Bought by
Grani Debbie S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 25, 1999
Sold by
Kremel Debbie S
Bought by
Grani Gregory A and Grani Debbie S
Purchase Details
Closed on
Apr 8, 1994
Sold by
Weber Thomas J and Weber Elizabeth A
Bought by
Kremel Debbie S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
8.3%
Mortgage Type
Commercial
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hempen Lawrence Anthony | -- | None Available | |
| Iz Management Llc | $1,298,000 | Ticor Title | |
| Colyvas Doris | $1,191,000 | Ticor Title Company | |
| Grani Debbie S | -- | None Available | |
| Long Beach Apartment Investors Llc | $695,000 | Ticor Title Company | |
| Grani Debbie S | -- | Commonwealth | |
| Grani Gregory A | -- | -- | |
| Kremel Debbie S | $225,000 | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Long Beach Apartment Investors Llc | $587,500 | |
| Previous Owner | Grani Debbie S | $300,000 | |
| Previous Owner | Kremel Debbie S | $191,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/10/2017 02/10/17 | Sold | $1,298,000 | -4.3% | $376 / Sq Ft | |
| 01/10/2017 01/10/17 | Price Changed | $1,357,000 | 0.0% | $393 / Sq Ft | |
| 11/22/2016 11/22/16 | Pending | -- | -- | -- | |
| 09/22/2016 09/22/16 | For Sale | $1,357,000 | +16.4% | $393 / Sq Ft | |
| 07/30/2015 07/30/15 | Sold | $1,165,700 | -3.3% | $337 / Sq Ft | View Prior Sale |
| 07/28/2015 07/28/15 | Pending | -- | -- | -- | |
| 06/02/2015 06/02/15 | For Sale | $1,205,000 | +73.4% | $349 / Sq Ft | |
| 12/17/2014 12/17/14 | Sold | $695,000 | -13.0% | $220 / Sq Ft | View Prior Sale |
| 10/15/2014 10/15/14 | Pending | -- | -- | -- | |
| 05/13/2014 05/13/14 | For Sale | $799,000 | -- | $253 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $19,750 | $1,506,434 | $632,516 | $873,918 |
| 2024 | $19,750 | $1,476,897 | $620,114 | $856,783 |
| 2023 | $19,403 | $1,447,939 | $607,955 | $839,984 |
| 2022 | $18,216 | $1,419,549 | $596,035 | $823,514 |
| 2021 | $17,842 | $1,391,716 | $584,349 | $807,367 |
| 2019 | $17,586 | $1,350,439 | $567,018 | $783,421 |
| 2018 | $17,111 | $1,323,960 | $555,900 | $768,060 |
| 2016 | $16,010 | $1,191,000 | $500,000 | $691,000 |
| 2015 | $8,851 | $695,000 | $335,000 | $360,000 |
| 2014 | -- | $311,952 | $138,645 | $173,307 |
Source: Public Records
Agents Affiliated with this Home
-
-
Steve Warshauer
Seller's Agent in 2015
Steve Warshauer
Coldwell Banker Commercial
(562) 495-6070
20 Total Sales
-
George Bustamante
Seller Co-Listing Agent in 2015
George Bustamante
Coldwell Banker Commercial
(562) 326-5043
42 Total Sales
-
Melissa Petersen
M
Seller's Agent in 2014
Melissa Petersen
Melissa Petersen
(562) 972-5351
4 Total Sales
-
W
Buyer's Agent in 2014
William Larsen
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG16708074
APN: 7263-024-020
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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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