4043 E 4th St Long Beach, CA 90814
Belmont Heights NeighborhoodEstimated Value: $1,211,000 - $1,564,000
4
Beds
4
Baths
2,536
Sq Ft
$568/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Fireplace in Kitchen
- Laundry Room
- Fremont Elementary School Rated A
- Living Room
- Central Heating
About This Home
As of December 2017Great opportunity to own income property in Belmont Heights. Four one bedroom one bath units with zero vacancy and no rent control. This is a great upside property with no ceiling on rents in a rapidly appreciating neighborhood. Units are clean and never turn over. There are 9 parking spaces, of which one is assigned to each unit and the other ones rented out separately. Long Beach State provides a never ending supply of tenants and the proximity to freeways and airports is ideal. Act now as there is little inventory of clean 4 unit income properties in Belmont Heights.
Last Agent to Sell the Property
Robert Salim
Classic Beach Properties, Inc. License #01003759 Listed on: 08/30/2017
Last Buyer's Agent
Travis Lebouf
Platinum Properties R.E. License #01938822
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,167
Year Built
- Built in 1931
Lot Details
- 6,780 Sq Ft Lot
- Two or More Common Walls
- Wood Fence
- Paved or Partially Paved Lot
Home Design
- Property Attached
- Fire Rated Drywall
- Composition Roof
- Pre-Cast Concrete Construction
Interior Spaces
- 2,536 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Living Room
- Carpet
Kitchen
- Gas and Electric Range
- Fireplace in Kitchen
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Parking
- Parking Available
- Assigned Parking
Outdoor Features
- Rain Gutters
Utilities
- Central Heating
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for telephone
- Tax Lot 23
- Tax Tract Number 560
- Assessor Parcel Number 7255019023
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Insurance Expense $1,800
- Trash Expense $250
- New Taxes Expense $10,000
- Operating Expense $12,500
- Gross Income $4,320
- Net Operating Income $59,020
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 22, 2020
Sold by
Akbar Fahd
Bought by
Akbar Fahd and The Fahd Abid Akbar Revocable
Total Days on Market
48
Current Estimated Value
Purchase Details
Listed on
Aug 30, 2017
Closed on
Nov 1, 2017
Sold by
Cuatro Management Llc
Bought by
Akbar Fahd
Seller's Agent
Robert Salim
Classic Beach Properties, Inc.
Buyer's Agent
Travis Lebouf
Platinum Properties R.E.
List Price
$929,000
Sold Price
$960,000
Premium/Discount to List
$31,000
3.34%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.92%
Original Mortgage
$720,000
Outstanding Balance
$617,389
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$858,780
Purchase Details
Listed on
Oct 14, 2015
Closed on
Mar 3, 2016
Sold by
Nicholls Michael P
Bought by
Cuatro Management Llc
Seller's Agent
Hannes Scherber
Buyer's Agent
Robert Salim
Classic Beach Properties, Inc.
List Price
$864,000
Sold Price
$865,000
Premium/Discount to List
$1,000
0.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.70%
Original Mortgage
$648,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 14, 2015
Closed on
Jan 7, 2016
Sold by
Molinari Ronald J
Bought by
Nicholls Family Trust
Seller's Agent
Hannes Scherber
Buyer's Agent
Robert Salim
Classic Beach Properties, Inc.
List Price
$864,000
Sold Price
$865,000
Premium/Discount to List
$1,000
0.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Similar Homes in Long Beach, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Akbar Fahd | -- | None Available | |
| Akbar Fahd | $960,000 | Usa National Title Company | |
| Cuatro Management Llc | -- | None Available | |
| Nicholls Family Trust | $865,000 | Equity Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Akbar Fahd | $720,000 | |
| Previous Owner | Nicholls Family Trust | $648,000 | |
| Previous Owner | Molinari Ronald J | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/08/2017 12/08/17 | Sold | $960,000 | -0.9% | $379 / Sq Ft |
| 10/17/2017 10/17/17 | Pending | -- | -- | -- |
| 10/01/2017 10/01/17 | Price Changed | $969,000 | +4.3% | $382 / Sq Ft |
| 08/30/2017 08/30/17 | For Sale | $929,000 | +7.4% | $366 / Sq Ft |
| 01/21/2016 01/21/16 | Sold | $865,000 | +0.1% | $341 / Sq Ft |
| 12/29/2015 12/29/15 | Pending | -- | -- | -- |
| 10/14/2015 10/14/15 | For Sale | $864,000 | -- | $341 / 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 | $14,167 | $1,070,893 | $747,395 | $323,498 |
| 2023 | $13,927 | $1,049,896 | $732,741 | $317,155 |
| 2022 | $13,079 | $1,029,311 | $718,374 | $310,937 |
| 2021 | $12,818 | $1,009,130 | $704,289 | $304,841 |
| 2019 | $12,636 | $979,200 | $683,400 | $295,800 |
| 2018 | $12,227 | $960,000 | $670,000 | $290,000 |
| 2017 | $11,381 | $882,300 | $617,100 | $265,200 |
| 2016 | $6,157 | $481,890 | $288,504 | $193,386 |
| 2015 | $5,918 | $474,653 | $284,171 | $190,482 |
| 2014 | $5,894 | $465,356 | $278,605 | $186,751 |
Source: Public Records
Agents Affiliated with this Home
-
R
Seller's Agent in 2017
Robert Salim
Classic Beach Properties, Inc.
(310) 247-7770
-
Buyer's Agent in 2017
Travis Lebouf
RE/MAX
(310) 882-0659
15 Total Sales
-
Hannes Scherber
Seller's Agent in 2016
Hannes Scherber
(760) 217-7566
22 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB17200988
APN: 7255-019-023
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