$865,000
SOLD JAN 21, 2016

4043 E 4th St Long Beach, CA 90814

Belmont Heights Neighborhood
4 Beds
4 Baths
2,536 Sq Ft
6,780 Sq Ft Lot

Recently Sold

$341 Per Sq Ft

76 Days on Market

About This Home

As of December 2017

Amazingly, this property is available again. Seller wants it sold now ! Location, Location, Location. What a rare income property opportunity in Belmont Heights. An upside without a ceiling in a rapidly appreciating neighborhood. 4 units with 1Br, 1 Ba each, in top location. Excellent income with high in demand apartments. 4 blocks away from the ocean. 9 parking spaces, whereas each unit has one designated parking spot, the other ones are rented out separately. Close to Freeways and Airports. Seller only wants to see competitive offers, So make your offer today !

Last Agent to Sell the Property

Hannes Scherber

License #01298246 Listed on: 10/14/2015

Last Buyer's Agent

Robert Salim

Classic Beach Properties, Inc. License #01003759

Classic Beach Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,167

Year Built

  • Built in 1931

Lot Details

  • 6,780 Sq Ft Lot

Parking

  • 9 Car Parking Spaces

Interior Spaces

  • 2,536 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for gas, water
  • Assessor Parcel Number 7255019023

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,167

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Price Per Unit: 216250.00
  • List Price per Sq Ft: 341.09
  • Lp Sp Ratio: 1.0000
  • Year Built: 1931
  • Internal Listing I D: 20190608184713407128000000
  • Listing I D: 215030296
  • Listing Member Address: 28220 Avenida La Vista, #B, Cathedral City, CA 92234
  • Listing Office Address: 28220 Avenida La Vista, #B, Cathedral City, CA 92234
  • Listing Office Fax: (760) 406-4237
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 1516 The Strand, Manhattan Beach, CA 90266
  • Street Direction: E
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Unit Information Number Of Units Leased: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Estimated Sq Ft: 2536.00

Garage/Parking

  • Parking Info Total Parking Spaces: 9.00

Utilities

  • Number Electric Meters: 4
  • Number Water Meters: 1
  • Sewer: In, Connected and Paid
  • Water: In Street
  • Number Gas Meter: 1
  • Laundry Type: Yes

Lot Info

  • Assessor Parcel Number: 7255019023
  • Lot Size: 6780.00

Rental Info

  • Owner Pays: Gas, Water
  • Tenant Pays: Cable TV, Electricity
  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Units: 4

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
$1,465,702

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
5.47%
Original Mortgage
$720,000
Outstanding Balance
$607,595
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$844,916

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:

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Average Value
Not Available
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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $960,000 Usa National Title Company
Grant Deed -- None Available
Grant Deed $865,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $720,000 New Conventional
Previous Owner $648,000 New Conventional
Previous Owner $250,000 Credit Line Revolving
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 Desert Association of REALTORS®

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

    22 Total Sales

    Hannes Scherber
    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 215030296

California Desert Association of REALTORS®

APN: 7255-019-023

California Los Angeles County Long Beach 90814 Belmont Heights

4043 E 4th St, Long Beach, CA

This home is located at 4043 E 4th St, Long Beach, CA 90814 and is currently priced at $865,000, approximately $341 per square foot. This property was built in 1931. 4043 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 Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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