Seller's Agent in 2018
Justin White
Justin White
(714) 231-2537
42 Total Sales
3922 E Broadway Long Beach, CA 90803
Belmont Heights NeighborhoodEstimated Value: $1,269,575
1
Bed
2
Baths
2,635
Sq Ft
$482/Sq Ft
Est. Value
Highlights
- Laundry Room
- Under Construction
- Wall Furnace
- Fremont Elementary School Rated A
- Turnkey
About This Home
As of May 2018This well-maintained three-unit property is located in the heart of Belmont Heights in the city of Long Beach. The subject property is located at 3922 East Broadway, one street West of Termino Avenue, two blocks North of Ocean Boulevard. This investment consists of 2 one bedrooms/ one-bathroom units and a detached retail portion that offers parking in front of the property. Built in 1923, this property is a two-story building with approximately 2635 rentable square feet. Each unit is separately metered for gas and electricity. The property offers flat roofs, and on-site laundry. The retail portion of the property is located in the approved MM area of Long Beach and will benefit from the strong rents the industry is willing to pay. Located within close proximity to numerous restaurants and shopping corridors this property offers an investor the rare opportunity to acquire a well-maintained income property in a strong rental market in the most desirable community of Belmont Heights. With rents well below market value, and a strong retail operator any investor looking to add value could dramatically improve their cash flow by bumping rents up to market rate thus making this acquisition a valuable addition to any investor’s portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,998
Year Built
- Built in 1923 | Under Construction
Lot Details
- 3,000 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 3 Open Parking Spaces
- 1 Car Garage
- Parking Available
- Driveway
Home Design
- 2,635 Sq Ft Home
- Entry on the 1st floor
- Turnkey
- Raised Foundation
- Fire Rated Drywall
Kitchen
- Gas Oven
- Gas Cooktop
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Exterior Lighting
Utilities
- Wall Furnace
- Septic Type Unknown
- Phone Available
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 15 / L
- Tax Tract Number 5772
- Assessor Parcel Number 7256008085
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Operating Expense $20,740
- Gross Income $80,840
- Net Operating Income $60,100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 12, 2018
Closed on
Apr 30, 2018
Sold by
Eel Holdings Llc
Bought by
Kava 1031 Llc
Seller's Agent
Justin White
Justin White
Buyer's Agent
Juli Auckerman
Pacific Sotheby's Int'l Realty
List Price
$1,050,000
Sold Price
$875,000
Premium/Discount to List
-$175,000
-16.67%
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
$394,575
Avg. Annual Appreciation
5.10%
Purchase Details
Listed on
Oct 6, 2016
Closed on
Nov 4, 2016
Sold by
Muckenthaler Lawrence A and Mackenthaler Patricia L
Bought by
Muckenthaler Lawrence A and Muckenthaler Patricia L
Seller's Agent
Cheryl DeMarco
ERA Donahoe Realty
Buyer's Agent
Ryan Rayburn
Marcus & Millichap
List Price
$799,000
Sold Price
$799,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.81%
Purchase Details
Listed on
Oct 6, 2016
Closed on
Oct 19, 2016
Sold by
Reid Erik Anthony and The 1993 William J Reid Jr & M
Bought by
Eel Holdings Llc
Seller's Agent
Cheryl DeMarco
ERA Donahoe Realty
Buyer's Agent
Ryan Rayburn
Marcus & Millichap
List Price
$799,000
Sold Price
$799,000
Purchase Details
Closed on
May 25, 2016
Sold by
Fox A Noble
Bought by
Fox Dennis R and Vanselow Sharon A
Purchase Details
Closed on
Dec 14, 2015
Sold by
Reid Marie
Bought by
Reid Marie A and 1993 William J Reid
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 |
|---|---|---|---|
| Kava 1031 Llc | $875,000 | Ticor Title Company Of Calif | |
| Muckenthaler Lawrence A | -- | Ticor Title Company | |
| Eel Holdings Llc | -- | Ticor Title Company | |
| Fox Dennis R | -- | None Available | |
| Reid Marie A | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/03/2018 05/03/18 | Sold | $875,000 | -2.8% | $332 / Sq Ft | |
| 03/14/2018 03/14/18 | Price Changed | $900,000 | -9.5% | $342 / Sq Ft | |
| 01/29/2018 01/29/18 | Price Changed | $995,000 | -5.2% | $378 / Sq Ft | |
| 01/12/2018 01/12/18 | For Sale | $1,050,000 | +31.4% | $398 / Sq Ft | |
| 12/15/2016 12/15/16 | Sold | $799,000 | 0.0% | $303 / Sq Ft | View Prior Sale |
| 10/18/2016 10/18/16 | Pending | -- | -- | -- | |
| 10/06/2016 10/06/16 | For Sale | $799,000 | -- | $303 / 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 | $12,998 | $995,596 | $398,238 | $597,358 |
| 2024 | $12,998 | $976,076 | $390,430 | $585,646 |
| 2023 | $12,774 | $956,938 | $382,775 | $574,163 |
| 2022 | $11,995 | $938,175 | $375,270 | $562,905 |
| 2021 | $11,749 | $919,780 | $367,912 | $551,868 |
| 2019 | $11,581 | $892,500 | $357,000 | $535,500 |
| 2018 | $10,543 | $814,980 | $306,000 | $508,980 |
| 2016 | $2,151 | $129,966 | $47,875 | $82,091 |
| 2015 | $2,080 | $128,014 | $47,156 | $80,858 |
| 2014 | $2,071 | $125,508 | $46,233 | $79,275 |
Source: Public Records
Agents Affiliated with this Home
-
Justin White
-
Juli Auckerman
Buyer's Agent in 2018
Juli Auckerman
Pacific Sotheby's Int'l Realty
(949) 636-4789
18 Total Sales
-
Cheryl DeMarco
Seller's Agent in 2016
Cheryl DeMarco
ERA Donahoe Realty
(949) 478-4660
15 Total Sales
-
R
Buyer's Agent in 2016
Ryan Rayburn
Marcus & Millichap
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18009119
APN: 7256-008-085
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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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