Seller's Agent in 2021
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
4 in this area
74 Total Sales
3011 E 4th St Long Beach, CA 90814
Bluff Heights Neighborhood
5
Beds
3
Baths
6,403
Sq Ft
6,753
Sq Ft Lot
About This Home
As of March 20213011 E. 4th Street is an 8-unit apartment building located in the heart of the popular 4th Street-Retro Row neighborhood of Long Beach. The asset provides a value-add opportunity with +/-18% rental upside potential. The property offers an attractive mix of (7) two-bedroom / one-bath units and (1) three-bedroom / two-bath unit. Three of the units have been fully renovated, with improvements that include quartz countertops, new hardwood flooring and new cabinets. Ample parking is available with four garages with tandem driveway spaces in front of building. The 4th Street-Retro Row neighborhood is in high rental demand because of its walkability to a plethora of dining and shopping amenities as well as its close proximity to East Village Arts District and Downtown Long Beach employment.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 04/15/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 6,753 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 4 Open Parking Spaces
- 4 Car Garage
- Parking Available
- Tandem Uncovered Parking
- Single Garage Door
Home Design
- Apartment
Interior Spaces
- 6,403 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 14 / H
- Tax Tract Number 5768
- Assessor Parcel Number 7257005017
Community Details
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,196
- Fuel Expense $1,196
- Gardener Expense $1,200
- Insurance Expense $2,967
- Maintenance Expense $3,000
- Other Expense $1,400
- Pest Control $500
- Professional Management Expense $7,320
- Trash Expense $1,196
- Water Sewer Expense $1,196
- New Taxes Expense $31,651
- Operating Expense $53,322
- Gross Income $162,669
- Net Operating Income $109,347
Additional Features
- 8 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/16/2021 03/16/21 | Sold | $2,320,000 | -7.2% | $362 / Sq Ft |
| 01/28/2021 01/28/21 | Pending | -- | -- | -- |
| 04/15/2020 04/15/20 | For Sale | $2,500,000 | -- | $390 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $33,623 | $2,511,241 | $1,623,648 | $887,593 |
| 2024 | $32,152 | $2,462,002 | $1,591,812 | $870,190 |
| 2023 | $31,609 | $2,413,728 | $1,560,600 | $853,128 |
| 2022 | $29,664 | $2,366,400 | $1,530,000 | $836,400 |
| 2021 | $25,985 | $2,061,360 | $1,261,414 | $799,946 |
| 2020 | $25,917 | $2,041,014 | $1,248,480 | $792,534 |
| 2019 | $25,613 | $2,001,010 | $1,224,000 | $777,010 |
| 2018 | $24,966 | $1,961,790 | $1,200,000 | $761,790 |
| 2016 | $12,178 | $952,293 | $380,913 | $571,380 |
| 2015 | $11,705 | $937,990 | $375,192 | $562,798 |
| 2014 | $11,655 | $919,617 | $367,843 | $551,774 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
-
Jon Swire
Buyer's Agent in 2021
Jon Swire
The Agency
(310) 948-2631
1 in this area
34 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20073709
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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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