Seller's Agent in 2023
Jamee Lindberg
RE/MAX
(562) 881-3811
5 in this area
85 Total Sales
4201 E 7th St Long Beach, CA 90804
Recreation Park NeighborhoodEstimated Value: $1,303,000 - $1,770,000
9
Beds
6
Baths
3,265
Sq Ft
$487/Sq Ft
Est. Value
Highlights
- Spanish Architecture
- Corner Lot
- Living Room
- Fremont Elementary School Rated A
- No HOA
- Laundry Room
About This Home
As of July 2023WELCOME TO YOUR DREAM INVESTMENT PROPERTY - This stunning Classic Spanish-style building offers spacious units, a private lot, and an incredible CASH FLOW. With dream tenants in place, this property is a smart investment for any real estate portfolio. Each unit has been thoughtfully renovated in 2010, ensuring modern amenities while maintaining its 1930's charm. The units are spacious and offer plenty of light, making them desirable to the tenants. The property also features on-site laundry and another highlight is the 800 square foot garage/basement, offering endless possibilities, including more potential rental space. This is an exceptional investment that promises an excellent cash flow and a solid return on investment.
Last Agent to Sell the Property
Re/Max R. E. Specialists License #01107487 Listed on: 04/14/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,898
Year Built
- Built in 1930
Lot Details
- 4,255 Sq Ft Lot
- Two or More Common Walls
- Wrought Iron Fence
- Corner Lot
- Density is up to 1 Unit/Acre
Parking
- 3 Car Garage
Home Design
- Spanish Architecture
- Quadruplex
- Flat Roof Shape
- Raised Foundation
- Spanish Tile Roof
- Stucco
Interior Spaces
- 3,265 Sq Ft Home
- 1-Story Property
- Living Room
- Gas Range
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Wall Furnace
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 6519
- Assessor Parcel Number 7241003016
- $814 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
- Belmont Heights Subdivision
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $8,206
- Gardener Expense $1,789
- Insurance Expense $4,274
- Other Expense $220
- Pest Control $382
- Water Sewer Expense $4,782
- Operating Expense $19,708
- Gross Income $3,300
- Net Operating Income $88,043
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 14, 2023
Closed on
Jun 23, 2023
Sold by
Coe David Gregory and Coe Brett
Bought by
Louis Holly and Louis Elizabeth
Seller's Agent
Jamee Lindberg
Re/Max R. E. Specialists
Buyer's Agent
Mary Ryan
Pacific Sotheby's Int'l Realty
List Price
$1,675,000
Sold Price
$1,535,000
Premium/Discount to List
-$140,000
-8.36%
Views
26
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
-$21,536
Avg. Annual Appreciation
1.77%
Original Mortgage
$1,228,000
Interest Rate
6.71%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 28, 2023
Sold by
Falsken Kevin S
Bought by
Long Beach Trading Co Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,228,000
Interest Rate
6.71%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 21, 2015
Sold by
Bdp Real Estate Fund 2 Llc
Bought by
Coe David Gregory and Bashaw Brett
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,000
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 6, 2015
Sold by
Falsken Michelle Elizabeth
Bought by
Falsken Kevin S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,000
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 19, 2013
Sold by
Bdp Real Estate Fund 2 Llc
Bought by
Bdp Real Estate Fund 2 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,250
Interest Rate
4%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 1, 2012
Closed on
Sep 5, 2012
Sold by
The Bank Of New York Mellon
Bought by
Bdp Real Estate Fund 2 Llc
Seller's Agent
Joe Hernandez
Estate Properties
Buyer's Agent
William Smith
List Price
$669,900
Sold Price
$560,000
Premium/Discount to List
-$109,900
-16.41%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.49%
Purchase Details
Closed on
Aug 9, 2011
Sold by
Martin Richard G
Bought by
The Bank Of New York Mellon
Purchase Details
Closed on
Mar 5, 2002
Sold by
Colonna Michael J
Bought by
Martin Richard G and Martin Laura Lee
Purchase Details
Closed on
Feb 25, 1999
Sold by
Colonna Michael
Bought by
Martin Richard G and Martin Laura Lee
Purchase Details
Closed on
May 20, 1996
Sold by
Colonna Victoria
Bought by
Colonna Michael J and Colonna Kathy M
Purchase Details
Closed on
May 17, 1996
Sold by
Colonna Michael J
Bought by
Colonna Victoria
Purchase Details
Closed on
May 2, 1996
Sold by
Nowell James A
Bought by
Colonna Michael J and Colonna Kathleen M
Purchase Details
Closed on
Apr 1, 1996
Sold by
Colonna Michael Jerry and Colonna Kathleen M
Bought by
Nowell James A
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 |
|---|---|---|---|
| Louis Holly | $1,535,000 | Ticor Title Company | |
| Long Beach Trading Co Inc | -- | Accommodation/Courtesy Recordi | |
| Coe David Gregory | $950,000 | Title 365 | |
| Falsken Kevin S | -- | Title365 | |
| Coe David Gregory | -- | Title 365 | |
| Bdp Real Estate Fund 2 Llc | -- | Fidelity National Title Co | |
| Bdp Real Estate Fund 2 Llc | $560,000 | First American Title Ins Co | |
| The Bank Of New York Mellon | $731,235 | Accommodation | |
| Martin Richard G | -- | Fidelity National Title | |
| Martin Richard G | $398,000 | First American Title Co | |
| Colonna Michael J | -- | -- | |
| Colonna Victoria | $310,000 | Fidelity Title | |
| Colonna Michael J | -- | Fidelity Title | |
| Nowell James A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Holly Louis | $1,264,000 | |
| Closed | Louis Holly | $1,228,000 | |
| Previous Owner | Falsken Kevin S | $696,000 | |
| Previous Owner | Bdp Real Estate Fund 2 Llc | $471,250 | |
| Previous Owner | Martin Richard G | $320,000 | |
| Previous Owner | Martin Richard G | $726,000 | |
| Previous Owner | Martin Richard G | $570,000 | |
| Previous Owner | Martin Richard G | $500,000 | |
| Previous Owner | Martin Richard G | $380,000 | |
| Previous Owner | Martin Richard G | $378,000 | |
| Previous Owner | Colonna Victoria | $62,000 | |
| Previous Owner | Colonna Victoria | $60,000 | |
| Previous Owner | Colonna Victoria | $298,350 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/19/2023 07/19/23 | Sold | $1,535,000 | -2.5% | $470 / Sq Ft |
| 05/31/2023 05/31/23 | Price Changed | $1,575,000 | -6.0% | $482 / Sq Ft |
| 04/14/2023 04/14/23 | For Sale | $1,675,000 | +199.1% | $513 / Sq Ft |
| 10/16/2012 10/16/12 | Sold | $560,000 | -16.4% | $172 / Sq Ft |
| 08/31/2012 08/31/12 | Pending | -- | -- | -- |
| 03/01/2012 03/01/12 | For Sale | $669,900 | -- | $205 / 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 | $19,898 | $1,565,700 | $1,020,000 | $545,700 |
| 2024 | $19,898 | $1,535,000 | $1,000,000 | $535,000 |
| 2023 | $14,716 | $1,115,261 | $768,192 | $347,069 |
| 2022 | $13,816 | $1,093,394 | $753,130 | $340,264 |
| 2021 | $13,536 | $1,071,956 | $738,363 | $333,593 |
| 2019 | $13,141 | $1,023,517 | $716,463 | $307,054 |
| 2018 | $12,772 | $1,003,449 | $702,415 | $301,034 |
| 2016 | $11,746 | $964,487 | $675,141 | $289,346 |
| 2015 | $7,042 | $573,780 | $399,597 | $174,183 |
| 2014 | -- | $562,541 | $391,770 | $170,771 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2023
John Lindberg
RE/MAX
(562) 897-1113
4 in this area
57 Total Sales
-
M
Buyer's Agent in 2023
Mary Ryan
Pacific Sotheby's Int'l Realty
(714) 587-2411
2 in this area
20 Total Sales
-
Buyer Co-Listing Agent in 2023
Sean Stanfield
Pacific Sotheby's Int'l Realty
(949) 244-9057
2 in this area
604 Total Sales
-
J
Seller's Agent in 2012
Joe Hernandez
RE/MAX
-
W
Buyer's Agent in 2012
William Smith
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23062727
APN: 7241-003-016
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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