NOT LISTED FOR SALE

3943 E 4th St Long Beach, CA 90814

Belmont Heights Neighborhood
3 Beds
3 Baths
10,472 Sq Ft
0.29 Acres

Last Sold October 23, 2018

Last sale price $4,675,000 $446 Per Sq Ft

7 Days on Market

Highlights

  • 12,632 Sq Ft lot
  • Corner Lot
  • Landscaped
  • Fremont Elementary School Rated A
  • Laundry Room

About This Home

As of October 2018

Belmont Square is a 16-unit multifamily investment property located in the Belmont Heights neighborhood of Long Beach, one of the premier housing markets in Southern California. Situated on a 0.29-acre lot, the 10,472 square foot property consists of studio, one-, and two-bedroom floor plans. From 2016-2018 current ownership has renovated nine of the sixteen units. Built in 1972, Belmont Square offers amenities including phone entry access system, lush landscaping, spacious courtyard with BBQ, on-site laundry, and garage and open parking. Current ownership has renovated the property in 2017 with a new roof, new paint, asphalt sealing and striping, and remodeled laundry room, new LED energy saving lighting and new vinyl double pane e-glass windows.

Last Listed By

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 08/28/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 0.29 Acre Lot
  • No Common Walls
  • Landscaped
  • Corner Lot

Parking

  • 10 Open Parking Spaces
  • 9 Car Garage

Interior Spaces

  • 10,472 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 8 / K
  • Tax Tract Number 577100
  • Assessor Parcel Number 7255016026

Community Details

Building Details

  • 16 Leased Units
  • Electric Expense $5,643
  • Fuel Expense $5,643
  • Insurance Expense $4,200
  • Maintenance Expense $9,600
  • Professional Management Expense $11,540
  • Trash Expense $5,643
  • Water Sewer Expense $5,643
  • New Taxes Expense $65,740
  • Operating Expense $138,554
  • Gross Income $297,360
  • Net Operating Income $149,940

Additional Features

  • 16 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

9

Listing Details

  • Professional Management Expense: 11540.00
  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 5643.00
  • Zoning: LBR3T
  • Property Type: Residential Income
  • Parcel Number: 7255016026
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 446.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 9.00
  • Total Parking Spaces: 19.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 5643.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped
  • Lot Size Sq Ft: 12632.40

Multi Family

  • Electric Expense: 5643.00
  • Fuel Expense: 5643.00
  • Gross Income: 297360.00
  • Gross Operating Income: 288493.00
  • Gross Scheduled Income: 297360.00
  • Insurance Expense: 4200.00
  • Maintenance Expense: 9600.00
  • Net Operating Income: 149940.00
  • Number Of Units Leased: 16
  • Number Of Units Total: 16
  • Operating Expense: 138554.00
  • Rent Control: No
  • Total Actual Rent: 24630.00
  • Total Expenses: 138554.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 65740.00
  • Tax Block: K
  • Tax Census Tract: 5771.00
  • Tax Lot: 8
  • Tax Tract Number: 577100

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
10/23/2018 10/23/18 Sold $4,675,000 -10.1% $446 / Sq Ft
09/04/2018 09/04/18 Pending -- -- --
08/28/2018 08/28/18 For Sale $5,200,000 -- $497 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2018

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    145 Total Sales

    Tyler Leeson
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18210381

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90814 Belmont Heights

3943 E 4th St, Long Beach, CA

Homes for Sale in Long Beach, CA

This home is located at 3943 E 4th St, Long Beach, CA 90814 since 28 August 2018. This property was built in 1972. 3943 E 4th St is a home located in Los Angeles County with nearby schools including Fremont Elementary School, Rogers Middle School, and Woodrow Wilson High 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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