Seller's Agent in 2021
Jules Ayora
Seven Gables Real Estate
(714) 840-1031
2 in this area
31 Total Sales
2702 E 4th St Long Beach, CA 90814
Bluff Heights NeighborhoodEstimated Value: $2,645,586
6
Beds
6
Baths
3,931
Sq Ft
$673/Sq Ft
Est. Value
Highlights
- Laundry Room
- Woodrow Wilson High School Rated A
- Bike Trail
About This Home
As of September 2021Retro-Row restaurant plus Spanish-style 4-plex. This mixed-used property is located in the historic district of Bluff Heights in a popular part of E. 4th St. In its former life, this deco-style restaurant was popular as a farm-to-table dining experience. The interior is freshly painted and the cement finished floors have been polished. A rear door opens to an over-sized, covered, fresh-air patio. Built-in, bench-style, seating surrounds an open space with plenty of room for tables. Rustic planter professionally potted by "Pippi and Lola", a new store just steps away, add to the porch atmosphere. Other surrounding businesses include "Coffee Drunk" and "Gusto Bread," where customers enjoy the street-side parkette. 4-storage units directly behind provide a buffer zone between the restaurant and the residential tenants. A side driveway is convenient for trash bins and supply deliveries. The Spanish 4-plex behind the restaurant has a smooth stucco exterior, individual private courtyards, plus each has a parking spot. The units have been well-cared for with long-term tenants who appreciate the location close to shopping, dining and the beach. On-site laundry room with new coin-operated washer and dryer. All leases are month-to-month, with one unit kept vacant for showing, as an option for extra restaurant's office space or easily rented to residential tenant.
Last Agent to Sell the Property
Seven Gables Real Estate License #01274567 Listed on: 08/17/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $30,454
Year Built
- Built in 1940
Lot Details
- 6,987 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Interior Spaces
- 3,931 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Parking
- Carport
- Parking Available
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 7263024001
- $702 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 5 Units
- Bluff Park Subdivision
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- Rent Control
- 1 Separate Electric Meter
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $4,848
- Maintenance Expense $2,623
- Other Expense $683
- Trash Expense $2,820
- Water Sewer Expense $3,909
- Operating Expense $13,983
- Gross Income $1,200
- Net Operating Income $114,726
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 17, 2021
Closed on
Sep 28, 2021
Sold by
Malone Patrick and Crahan Catherine
Bought by
2702 E 4Th Street Llc
Seller's Agent
Jules Ayora
Seven Gables Real Estate
Buyer's Agent
Lauren J. Coombs, CCIM
Keller Williams Pacific Estate
List Price
$2,300,000
Sold Price
$2,300,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$345,586
Avg. Annual Appreciation
3.57%
Original Mortgage
$1,610,000
Interest Rate
2.8%
Mortgage Type
Construction
Purchase Details
Listed on
Aug 17, 2021
Closed on
Sep 7, 2021
Sold by
Montgomery Lynda Mary Ann and Cox Marshall Paul
Bought by
Malone Patrick and Crahan Catherine
Seller's Agent
Jules Ayora
Seven Gables Real Estate
Buyer's Agent
Lauren J. Coombs, CCIM
Keller Williams Pacific Estate
List Price
$2,300,000
Sold Price
$2,300,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,610,000
Interest Rate
2.8%
Mortgage Type
Construction
Purchase Details
Closed on
Apr 11, 2012
Sold by
Cox Marty
Bought by
Cox Marshall Paul and Montgomery Carol Louise
Purchase Details
Closed on
Aug 3, 2005
Sold by
Sackley Stuart
Bought by
Cox Marty and Montgomery Lynda Mary Ann
Purchase Details
Closed on
Jun 25, 2004
Sold by
Concannon Sharon
Bought by
Sackley Stuart
Purchase Details
Closed on
Jun 23, 2004
Sold by
Summerson Faith
Bought by
Sackley Stuart
Purchase Details
Closed on
Oct 2, 2001
Sold by
Summerson Faith and Urieta Faith
Bought by
Summerson Faith
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.91%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 2702 E 4Th Street Llc | -- | Old Republic Title Company | |
| Malone Patrick | $2,300,000 | Old Republic Title Company | |
| Cox Marshall Paul | -- | None Available | |
| Cox Marty | $850,000 | Fidelity National Title Co | |
| Cox Marty | -- | Fidelity National Title Co | |
| Sackley Stuart | -- | -- | |
| Sackley Stuart | $675,000 | Fidelity National Title | |
| Summerson Faith | -- | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 2702 E 4Th Street Llc | $1,610,000 | |
| Closed | Malone Patrick | $1,610,000 | |
| Previous Owner | Summerson Faith | $135,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/13/2021 09/13/21 | Sold | $2,300,000 | 0.0% | $585 / Sq Ft |
| 08/31/2021 08/31/21 | Pending | -- | -- | -- |
| 08/17/2021 08/17/21 | For Sale | $2,300,000 | -- | $585 / 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 | $30,454 | $2,440,777 | $1,167,328 | $1,273,449 |
| 2024 | $30,454 | $2,392,920 | $1,144,440 | $1,248,480 |
| 2023 | $29,953 | $2,346,000 | $1,122,000 | $1,224,000 |
| 2022 | $28,094 | $2,300,000 | $1,100,000 | $1,200,000 |
| 2021 | $13,487 | $1,073,125 | $492,375 | $580,750 |
| 2020 | $13,452 | $1,062,123 | $487,327 | $574,796 |
| 2019 | $13,296 | $1,041,298 | $477,772 | $563,526 |
| 2018 | $12,866 | $1,020,881 | $468,404 | $552,477 |
| 2016 | $11,829 | $981,241 | $450,216 | $531,025 |
| 2015 | $11,352 | $966,503 | $443,454 | $523,049 |
| 2014 | $11,263 | $947,572 | $434,768 | $512,804 |
Source: Public Records
Agents Affiliated with this Home
-
Jules Ayora
-
Lauren J. Coombs, CCIM
Buyer's Agent in 2021
Lauren J. Coombs, CCIM
Keller Williams Pacific Estate
(562) 212-2879
1 in this area
18 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21180978
APN: 7263-024-001
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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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