NOT LISTED FOR SALE

4043 E 4th St Long Beach, CA 90814

Belmont Heights Neighborhood

Estimated Value: $1,251,000 - $1,558,000

4 Beds
4 Baths
2,536 Sq Ft
$564/Sq Ft Est. Value

Last Sold December 08, 2017

Last sale price $960,000 $379 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $8,701/month

48 Days on Market

Highlights

  • Open Floorplan
  • Fireplace in Kitchen
  • Laundry Room
  • Fremont Elementary School Rated A
  • Living Room
  • Central Heating

About This Home

As of December 2017

Great 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

Classic Beach Properties, Inc.

Last Buyer's Agent

Travis Lebouf

Platinum Properties R.E. License #01938822

Property Details

Home Type

  • Multi-Family

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Belmont Heights (BH)
  • View: No
  • Zoning: LBCNR
  • Property Type: Residential Income
  • Parcel Number: 7255019023
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Fireplace Features: Kitchen
  • Levels: Two
  • Price Per Square Foot: 378.55
  • Room Type: Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Concrete, Drywall Walls

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas & Electric Range
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 250.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 6780.00

Rental Info

  • Tenant Pays: Telephone

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Garage Income: 250.00
  • Gross Income: 4320.00
  • Gross Operating Income: 62520.00
  • Gross Scheduled Income: 62520.00
  • Insurance Expense: 1800.00
  • Laundry Income: 50.00
  • Net Operating Income: 59020.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 3500.00
  • Other Income1: 30.00
  • Rent Control: No
  • Total Actual Rent: 4850.00
  • Total Expenses: 12500.00

Tax Info

  • New Taxes Expense: 10000.00
  • Tax Census Tract: 5771.00
  • Tax Lot: 23
  • Tax Tract Number: 560

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
Current Estimated Value
$1,430,966

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
5.15%
Original Mortgage
$720,000
Outstanding Balance
$604,755
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$832,311

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

Source: Public Records

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 $14,167 $1,092,309 $762,342 $329,967
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.

    Section Image

  • T

    Buyer's Agent in 2017

    Travis Lebouf

    RE/MAX

    Section Image
  • Hannes Scherber

    Seller's Agent in 2016

    Hannes Scherber

    (760) 217-7566

    19 Total Sales

    Hannes Scherber
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17200988

California Regional Multiple Listing Service (CRMLS)

APN: 7255-019-023

California Los Angeles County Long Beach 90814 Belmont Heights

4043 E 4th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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