Lynsey Russell
Keller Williams Pacific Estate
(424) 349-4623
122 Total Sales
2 in Traffic Circle
$558,500 Price Range
4121 E Mendez St Long Beach, CA 90815
Traffic Circle NeighborhoodEstimated Value: $1,697,000 - $2,090,076
9
Beds
6
Baths
4,491
Sq Ft
$433/Sq Ft
Est. Value
Highlights
- Gated Community
- Property is near park and public transit
- No HOA
- Stanford Middle School Rated A-
- Quartz Countertops
- Double Pane Windows
About This Home
As of August 2022Seasoned or First Time Multi-Family Investor's Dream - This is the Perfect Opportunity to add a clean, well-maintained and highly desired 4-plex investment asset in Long Beach, near the Outer Traffic Circle. Large 3-Bedroom/2-Bath front house with its own private yard/courtyard space and own inside laundry hookups and fireplace, along with three more Large 2-Bedroom units (1100sqft, 825sqft & 800sqft) behind and surrounded by the luxuriously pavered community courtyard/open space. Each unit enjoys an assigned private garage with additional upper storage space enclosed. Recently painted, newer dual pane windows and roof, main sewer line replacement, separate on-site community laundry room for the remaining three units, and a recently passed LB fire-inspection. Individually Metered for Electric. Most units have been remodeled over the years. First time on the market in over 22 years. Constructed in the 1960s and includes a bonus owner's storage/workshop area too, along with clean nice secure laundry room with community washer and dryer. Only blocks to Alamitos and Junipero Beaches and in close proximity to CSULB, 2nd & PCH Shopping Center, LB Exchange and Hangar, several Golf Courses, Parks and Public Transit. Entertains frequent requests and inquiries for rental availability. Added Bonus - Unit #4 is currently vacant, clean, renovated and ready for you to occupy or a paying tenant at Close of Escrow. Proforma rents in analysis/estimates.
Last Agent to Sell the Property
Keller Williams Coastal Prop. License #01818396 Listed on: 07/01/2022
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963 | Remodeled
Lot Details
- 6,509 Sq Ft Lot
- Lot Dimensions are 50' x 128.65'
- 1 Common Wall
- Rectangular Lot
Parking
- 4 Car Garage
- Parking Storage or Cabinetry
- Parking Available
- Tandem Uncovered Parking
- Garage Door Opener
- Community Parking Structure
Home Design
- Quadruplex
- Composition Roof
Interior Spaces
- 4,491 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Recessed Lighting
- Double Pane Windows
- Family Room with Fireplace
- Fire and Smoke Detector
Kitchen
- Electric Range
- Range Hood
- Quartz Countertops
- Formica Countertops
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near park and public transit
Utilities
- Cooling System Mounted To A Wall/Window
- Radiant Heating System
- Electric Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 17
- Tax Tract Number 26476
- Assessor Parcel Number 7219008033
Community Details
Overview
- No Home Owners Association
- 4 Units
- Built by T&T Investment Corp
- Circle Subdivision
Building Details
- 3 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $400
- Gardener Expense $1,200
- Insurance Expense $1,200
- Maintenance Expense $1,200
- Water Sewer Expense $3,000
- Operating Expense $7,000
- Gross Income $144,000
- Net Operating Income $116,400
Additional Features
- Laundry Facilities
- Gated Community
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 1, 2022
Closed on
Aug 9, 2022
Sold by
Bought by
Seller's Agent
Jeffery Loftus
Keller Williams Coastal Prop.
Buyer's Agent
Daniel Jensen
Jensen Realty
List Price
$1,599,000
Sold Price
$1,728,000
Premium/Discount to List
$129,000
8.07%
Views
1
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
$216,269
Avg. Annual Appreciation
2.97%
Interest Rate
5.51%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 1, 2022
Closed on
Jul 18, 2022
Sold by
Bought by
Seller's Agent
Jeffery Loftus
Keller Williams Coastal Prop.
Buyer's Agent
Daniel Jensen
Jensen Realty
List Price
$1,599,000
Sold Price
$1,728,000
Premium/Discount to List
$129,000
8.07%
Views
1
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
5.51%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 15, 2020
Sold by
Bought by
Purchase Details
Closed on
Nov 1, 2016
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,500
Interest Rate
3.48%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 27, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
6.08%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
May 27, 2004
Sold by
Bought by
Purchase Details
Closed on
May 27, 1998
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Traffic Circle, CA
-
Lynsey Russell
-
Cindy Bosshard
Cindy Bosshard
Coldwell Banker Envision
(562) 414-5066
26 Total Sales
2 in Traffic Circle
$503,500 Price Range
-
Jeeb O'Reilly
Jeeb O'Reilly
The Agency
(888) 568-5439
35 Total Sales
1 in Traffic Circle
$760,000 Price
-
Tyler Rogina
Tyler Rogina
Compass
(424) 417-6460
121 Total Sales
1 in Traffic Circle
$617,000 Price
-
Marvin Badawi
Marvin Badawi
Responds QuicklyBadawi Consulting Inc.
(877) 881-8017
3 Total Sales
1 in Traffic Circle
$715,000 Price
-
Michelle Harding
Michelle Harding
Responds QuicklyKeller Williams Coastal Prop.
(323) 604-1668
36 Total Sales
1 in Traffic Circle
$551,888 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Ticor Title | ||
| $1,728,000 | Ticor Title | ||
| $1,728,000 | Ticor Title | ||
| -- | None Listed On Document | ||
| -- | Placer Title Company | ||
| -- | First American Title Ins Co | ||
| -- | First American Title Ins Co | ||
| -- | -- | ||
| $370,000 | Gateway Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | -- | ||
| Open | $1,230,768 | ||
| Previous Owner | $328,500 | ||
| Previous Owner | $380,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/11/2022 08/11/22 | Sold | $1,728,000 | +8.1% | $385 / Sq Ft |
| 07/12/2022 07/12/22 | Pending | -- | -- | -- |
| 07/01/2022 07/01/22 | For Sale | $1,599,000 | -- | $356 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $23,890 | $1,797,811 | $1,144,440 | $653,371 |
| 2024 | $22,860 | $1,762,560 | $1,122,000 | $640,560 |
| 2023 | $22,394 | $1,728,000 | $1,100,000 | $628,000 |
| 2022 | $7,452 | $546,579 | $169,878 | $376,701 |
| 2021 | $7,280 | $535,863 | $166,548 | $369,315 |
| 2020 | $7,259 | $530,370 | $164,841 | $365,529 |
| 2019 | $7,177 | $519,971 | $161,609 | $358,362 |
| 2018 | $6,901 | $509,777 | $158,441 | $351,336 |
| 2016 | $6,331 | $489,985 | $152,290 | $337,695 |
| 2015 | $6,088 | $482,626 | $150,003 | $332,623 |
| 2014 | $6,063 | $473,173 | $147,065 | $326,108 |
Source: Public Records
Agents Affiliated with this Home
-
Jeffery Loftus
Seller's Agent in 2022
Jeffery Loftus
Keller Williams Coastal Prop.
(562) 397-6778
2 in this area
41 Total Sales
-
Daniel Jensen
D
Buyer's Agent in 2022
Daniel Jensen
Jensen Realty
(310) 809-2891
1 in this area
71 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22143719
APN: 7219-008-033
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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