B
Seller's Agent in 2020
Ben Pinel
Compass
4037 E 4th St Long Beach, CA 90814
Belmont Heights NeighborhoodEstimated Value: $1,680,000 - $2,101,471
9
Beds
7
Baths
4,600
Sq Ft
$414/Sq Ft
Est. Value
Highlights
- Cathedral Ceiling
- No HOA
- Cooling System Mounted To A Wall/Window
- Fremont Elementary School Rated A
- Double Pane Windows
- Laundry Room
About This Home
As of August 2020Incredible investment opportunity to own four units in the highly sought after Belmont Heights area. This property sits on an almost 6800 square foot lot, and is split into 2 buildings. The front building, built in 1978, consists of unit 4037 and 4035. 4037 is a 3 bed, 2.5 bath, 1600sf, 2 story townhouse style unit. This unit also features a private patio and in-unit washer/dryer hookups on the first floor, as well as an attached 2 car garage and driveway to the main road. 4035 is the attached second unit, that sits above the additional 2 garage spaces and 3 carports behind the first unit. This is a 2 bed, 2 bath unit with in-unit washer/dryer hookups and a front deck. The rear building, built in 1929, consists of a lower unit (4031) and upper unit (4033). 4031 is a 2 bed, 1 bath, with a small office area off of the large living room. 4033 has the exact same footprint and features as 4031, minus the small office area. All four apartments have separate gas and electric meters, as well as newer double pane windows and added insulation in attic areas. With fantastic location, in close proximity to the local eats and entertainment of the charming Belmont Heights neighborhood, this multiunit property is an investors dream.
Last Agent to Sell the Property
Ben Pinel
Compass License #02037124 Listed on: 07/20/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,708
Year Built
- Built in 1978
Lot Details
- 6,765 Sq Ft Lot
- Desert faces the front of the property
- 1 Common Wall
Parking
- 2 Open Parking Spaces
- 4 Car Garage
- 3 Attached Carport Spaces
- Parking Available
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 4,600 Sq Ft Home
- 2-Story Property
- Cathedral Ceiling
- Double Pane Windows
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tax Lot 17
- Tax Tract Number 577100
- Assessor Parcel Number 7255019022
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- Belmont Heights Subdivision
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 20, 2020
Closed on
Aug 6, 2020
Sold by
Molinari Ronald J and Molinari Trust
Bought by
Iz Management Llc
Seller's Agent
Ben Pinel
Compass
Buyer's Agent
Loree Scarborough
Compass
List Price
$1,500,000
Sold Price
$1,650,000
Premium/Discount to List
$150,000
10%
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
$253,368
Avg. Annual Appreciation
2.80%
Purchase Details
Closed on
Aug 6, 2014
Sold by
City Of Signal Hill
Bought by
Sonic Development Llc
Purchase Details
Closed on
Apr 2, 2001
Sold by
Molinari Ronald J
Bought by
Molinari Ronald J and The Molinari Trust
Purchase Details
Closed on
Jun 1, 2000
Sold by
Schmitz Lawrence D
Bought by
Molinari Ronald J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
8.67%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Mar 19, 1996
Sold by
Schmitz Mary Lou
Bought by
Schmitz Lawrence David
Purchase Details
Closed on
Mar 15, 1996
Sold by
Hitchko John Michael
Bought by
Hitchko Sharon Marie
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 |
|---|---|---|---|
| Iz Management Llc | $1,650,000 | Fidelity National Title Co | |
| Sonic Development Llc | -- | Chicago Title Company | |
| Molinari Ronald J | -- | Chicago Title Insurance Co | |
| Molinari Ronald J | $441,500 | Commonwealth Land Title Co | |
| Schmitz Lawrence David | -- | Stewart Title | |
| Hitchko Sharon Marie | -- | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Molinari Ronald J | $375,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/10/2020 08/10/20 | Sold | $1,650,000 | +10.0% | $359 / Sq Ft |
| 07/20/2020 07/20/20 | Pending | -- | -- | -- |
| 07/20/2020 07/20/20 | For Sale | $1,500,000 | -- | $326 / 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 | $22,708 | $1,786,011 | $1,158,201 | $627,810 |
| 2024 | $22,708 | $1,750,992 | $1,135,492 | $615,500 |
| 2023 | $22,331 | $1,716,660 | $1,113,228 | $603,432 |
| 2022 | $20,957 | $1,683,000 | $1,091,400 | $591,600 |
| 2021 | $20,545 | $1,650,000 | $1,070,000 | $580,000 |
| 2020 | $8,335 | $620,313 | $341,496 | $278,817 |
| 2019 | $8,239 | $608,150 | $334,800 | $273,350 |
| 2018 | $7,920 | $596,227 | $328,236 | $267,991 |
| 2016 | $7,274 | $573,077 | $315,491 | $257,586 |
| 2015 | $6,991 | $564,470 | $310,753 | $253,717 |
| 2014 | $6,958 | $553,414 | $304,666 | $248,748 |
Source: Public Records
Agents Affiliated with this Home
-
-
Katie Machoskie
Seller Co-Listing Agent in 2020
Katie Machoskie
Compass
(949) 355-9722
179 Total Sales
-
Loree Scarborough
Buyer's Agent in 2020
Loree Scarborough
Compass
(562) 225-0511
7 in this area
78 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20142999
APN: 7255-019-022
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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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