Seller's Agent in 2018
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
157 Total Sales
3943 E 4th St Long Beach, CA 90814
Belmont Heights Neighborhood
3
Beds
3
Baths
10,472
Sq Ft
0.29
Acres
Highlights
- 12,632 Sq Ft lot
- Corner Lot
- Landscaped
- Fremont Elementary School Rated A
- Laundry Room
About This Home
As of October 2018Belmont 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 Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 08/28/2018
Last Buyer's Agent
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
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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 |
|---|---|---|---|---|
| 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
| 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 | $66,485 | $5,215,047 | $3,653,323 | $1,561,724 |
| 2024 | $66,485 | $5,112,792 | $3,581,690 | $1,531,102 |
| 2023 | $65,360 | $5,012,542 | $3,511,461 | $1,501,081 |
| 2022 | $61,327 | $4,914,258 | $3,442,609 | $1,471,649 |
| 2021 | $60,111 | $4,817,901 | $3,375,107 | $1,442,794 |
| 2019 | $59,250 | $4,675,900 | $3,275,000 | $1,400,900 |
| 2018 | $36,752 | $2,844,550 | $1,177,494 | $1,667,056 |
| 2016 | $33,811 | $2,733,229 | $1,131,771 | $1,601,458 |
| 2015 | $32,465 | $2,692,174 | $1,114,771 | $1,577,403 |
| 2014 | $32,281 | $2,639,439 | $1,092,935 | $1,546,504 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18210381
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.
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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