3627 E 4th St Long Beach, CA 90814
Belmont Heights NeighborhoodEstimated Value: $1,738,000 - $1,943,000
6
Beds
4
Baths
4,000
Sq Ft
$467/Sq Ft
Est. Value
Highlights
- Private Yard
- Fremont Elementary School Rated A
- Laundry Room
About This Home
As of September 2023We are pleased to present this incredible value-add opportunity in a prime Long Beach location, 3627 E 4th
St Long Beach, CA 90814. This property sits on a 6,500+ square foot lot, and is located in one of Long Beach's most sought-after
neighborhoods, Belmont Heights. The building currently consists of two 1 bed/1 bath and two 2 bed/1 bath units. This offering allows the possibility for a savvy investor to add ADU's in the rear of the property, for additional income. Not taking into the account the addition of ADU's, 3627 E 4th St currently offers 14% upside in net operating income, upon leasing out all of the units at market rents. The property has recently received new copper plumbing, electrical upgrades, and $50,000 worth of exterior renovations. This investment property is truly a gem, as it has been well taken-care-of, resides in a remarkable location, has development potential, and offers the opportunity for an investor to realize more than 14% in upside
Last Agent to Sell the Property
Younglewin Advisors, Inc. License #01963090 Listed on: 07/31/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,759
Year Built
- Built in 1924
Lot Details
- 6,504 Sq Ft Lot
- Two or More Common Walls
- Private Yard
- Back Yard
Parking
- 4 Car Garage
Home Design
- Quadruplex
Interior Spaces
- 4,000 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 20 / B
- Tax Tract Number 577100
- Assessor Parcel Number 7255002009
- $21,639 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $65,349
- Gross Income $100,001
- Net Operating Income $65,349
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 31, 2023
Closed on
Sep 8, 2023
Sold by
Riera Dennis R and Woodward Johnnie Lee
Bought by
Nv Family Properties Llc
Seller's Agent
Shane Young
Younglewin Advisors, Inc.
Buyer's Agent
Shane Young
Younglewin Advisors, Inc.
List Price
$1,750,000
Sold Price
$1,760,000
Premium/Discount to List
$10,000
0.57%
Total Days on Market
24
Views
18
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
$106,543
Avg. Annual Appreciation
3.46%
Original Mortgage
$1,443,300
Outstanding Balance
$1,418,735
Interest Rate
6.81%
Mortgage Type
Construction
Estimated Equity
$447,808
Purchase Details
Closed on
Jan 6, 2003
Sold by
Gould Michael F
Bought by
Riera Dennis R and Woodward Ii John L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,125
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 6, 1998
Sold by
Young Ronald S
Bought by
Gould Michael F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
7.17%
Purchase Details
Closed on
Sep 9, 1996
Sold by
Young Ronald S
Bought by
Young Ronald Steven and Young Lydia M
Similar Homes in Long Beach, CA
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 |
|---|---|---|---|
| Nv Family Properties Llc | $1,760,000 | Ticor Title | |
| Riera Dennis R | $617,500 | Commonwealth | |
| Gould Michael F | $350,000 | North American Title Co | |
| Young Ronald Steven | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nv Family Properties Llc | $1,443,300 | |
| Previous Owner | Riera Dennis R | $463,125 | |
| Previous Owner | Gould Michael F | $40,000 | |
| Previous Owner | Gould Michael F | $314,000 | |
| Previous Owner | Gould Michael F | $315,000 | |
| Closed | Riera Dennis R | $30,875 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/12/2023 09/12/23 | Sold | $1,760,000 | +0.6% | $440 / Sq Ft |
| 08/25/2023 08/25/23 | Pending | -- | -- | -- |
| 07/31/2023 07/31/23 | For Sale | $1,750,000 | -- | $438 / 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 |
|---|---|---|---|---|
| 2024 | $22,759 | $1,760,000 | $1,200,000 | $560,000 |
| 2023 | $11,606 | $859,600 | $630,610 | $228,990 |
| 2022 | $10,905 | $842,746 | $618,246 | $224,500 |
| 2021 | $8,892 | $826,223 | $606,124 | $220,099 |
| 2019 | $10,521 | $801,719 | $588,147 | $213,572 |
| 2018 | $10,208 | $786,000 | $576,615 | $209,385 |
| 2016 | $9,380 | $755,480 | $554,225 | $201,255 |
| 2015 | $9,010 | $744,133 | $545,901 | $198,232 |
| 2014 | $8,958 | $729,557 | $535,208 | $194,349 |
Source: Public Records
Agents Affiliated with this Home
-
Shane Young
Seller's Agent in 2023
Shane Young
Younglewin Advisors, Inc.
(562) 556-1118
1 in this area
31 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23139703
APN: 7255-002-009
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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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