NOT LISTED FOR SALE

3011 E 4th St Long Beach, CA 90814

Bluff Heights Neighborhood
5 Beds
3 Baths
6,403 Sq Ft
6,753 Sq Ft Lot

Last Sold March 16, 2021

Last sale price $2,320,000 $362 Per Sq Ft

288 Days on Market

About This Home

As of March 2021

3011 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

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 04/15/2020

Keller Williams Realty Downey

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 7320.00
  • Property Attached: Yes
  • Subdivision Name Other: Retro Row
  • Water Sewer Expenses: 1196.00
  • Zoning: LBR3T
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7257005017
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 362.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage - Single Door, Tandem Uncovered
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 500.00
  • Sewer: Public Sewer
  • Trash Expense: 1196.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6753.00
  • Lot Size Acres: 0.1550

Multi Family

  • Electric Expense: 1196.00
  • Fuel Expense: 1196.00
  • Gross Income: 162669.00
  • Gross Scheduled Income: 171230.00
  • Insurance Expense: 2967.00
  • Lot Size Area: 6753.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 109347.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 53322.00
  • Other Expense: 1400.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 53322.00

Tax Info

  • New Taxes Expense: 31651.00
  • Tax Block: H
  • Tax Census Tract: 5768.02
  • Tax Lot: 14
  • Tax Tract Number: 5768

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robert Stepp

    Seller's Agent in 2021

    Robert Stepp

    Keller Williams Realty Downey

    (310) 463-2916

    4 in this area

    71 Total Sales

    Robert Stepp
    Section Image
  • Jon Swire

    Buyer's Agent in 2021

    Jon Swire

    The Agency

    (310) 948-2631

    1 in this area

    32 Total Sales

    Jon Swire
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20073709

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90814 Bluff Heights

3011 E 4th St, Long Beach, CA

This home is located at 3011 E 4th St, Long Beach, CA 90814 since 15 April 2020. This property was built in 1963. 3011 E 4th St is a home located in Los Angeles County with nearby schools including Mann Elementary School, Woodrow Wilson High School, and Maple Village Waldorf 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

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