J
Seller's Agent in 2022
Justin Edwards
Beach Cities Management, Inc.
(562) 888-0247
1 in this area
10 Total Sales
4241 E Jacinto Way Long Beach, CA 90815
Traffic Circle NeighborhoodEstimated Value: $1,254,000 - $1,563,000
4
Beds
4
Baths
2,553
Sq Ft
$559/Sq Ft
Est. Value
Highlights
- 0.28 Acre Lot
- No HOA
- 1-Story Property
- Bixby Elementary School Rated 9+
- Back Yard
About This Home
As of November 2022A great 4-unit building, located in a great area of Long Beach, and smooth running property. What more could you ask for? The property consists of
4 one-bedroom units that are single-story. All units have a front and back door, with the ability to create a private backyard/patio for each if the
property owner desired. There are also 4 single car garages, which the current owner uses all of them for storage, and 3 additional uncovered
parking spots that could be rented out for additional income. . Individually metered for gas and electricity that tenants are responsible to pay.
The property was just recently painted throughout the exterior and has an amazing sense of curb appeal. The current GRM is 16.03, but at market rents, the property drops to 13.01 GRM. With over a 1/4 acre lot and endless opportunity, this property is ready for the next investor to add their touch to it
and take it to the next level!
Last Agent to Sell the Property
Beach Cities Management, Inc. License #01704406 Listed on: 10/03/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1943
Lot Details
- 0.28 Acre Lot
- Two or More Common Walls
- Back Yard
Parking
- 3 Open Parking Spaces
- 4 Car Garage
Home Design
- Property Attached
Interior Spaces
- 2,553 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 6
- Tax Tract Number 11674
- Assessor Parcel Number 7219007019
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- Circle Subdivision
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $1,500
- Maintenance Expense $4,823
- Professional Management Expense $5,237
- Trash Expense $350
- Water Sewer Expense $1,707
- New Taxes Expense $14,987
- Operating Expense $30,034
- Gross Income $74,820
- Net Operating Income $44,786
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 24, 2023
Sold by
Robert Neal Matthew and Cole Julia
Bought by
Neal Family Trust
Current Estimated Value
Purchase Details
Listed on
Oct 3, 2022
Closed on
Oct 25, 2022
Sold by
Korenberg Yelena H
Bought by
Neal Matthew Robert and Neal Julia Cole
Seller's Agent
Justin Edwards
Beach Cities Management, Inc.
Buyer's Agent
Spencer Pabst
Pabst, Kinney & Associates
List Price
$1,199,000
Sold Price
$1,275,000
Premium/Discount to List
$76,000
6.34%
Views
20
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.63%
Original Mortgage
$956,250
Interest Rate
6%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 24, 1999
Sold by
Condon Nancy J
Bought by
Georgoulis Evan J and Georgoulis John
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
2.95%
Purchase Details
Closed on
Feb 13, 1992
Sold by
Condon Nancy J
Bought by
Condon Nancy J and Nancy J Condon Family Trust
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 |
|---|---|---|---|
| Neal Family Trust | -- | -- | |
| Neal Matthew Robert | $1,275,000 | Chicago Title Company | |
| Georgoulis Evan J | $250,000 | Commonwealth Title | |
| Condon Nancy J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Neal Matthew Robert | $956,250 | |
| Previous Owner | Georgoulis Evan J | $187,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/08/2022 11/08/22 | Sold | $1,275,000 | +6.3% | $499 / Sq Ft |
| 10/07/2022 10/07/22 | Pending | -- | -- | -- |
| 10/03/2022 10/03/22 | For Sale | $1,199,000 | 0.0% | $470 / Sq Ft |
| 09/23/2013 09/23/13 | Rented | $1,100 | 0.0% | -- |
| 09/23/2013 09/23/13 | Under Contract | -- | -- | -- |
| 08/28/2013 08/28/13 | For Rent | $1,100 | -- | -- |
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 | $17,184 | $1,326,510 | $910,350 | $416,160 |
| 2024 | $17,184 | $1,300,500 | $892,500 | $408,000 |
| 2023 | $16,892 | $1,275,000 | $875,000 | $400,000 |
| 2022 | $7,632 | $574,221 | $331,310 | $242,911 |
| 2021 | $7,468 | $562,963 | $324,814 | $238,149 |
| 2019 | $7,361 | $546,268 | $315,181 | $231,087 |
| 2018 | $7,066 | $535,557 | $309,001 | $226,556 |
| 2016 | $6,503 | $514,762 | $297,003 | $217,759 |
| 2015 | $6,250 | $507,031 | $292,542 | $214,489 |
| 2014 | $6,225 | $497,100 | $286,812 | $210,288 |
Source: Public Records
Agents Affiliated with this Home
-
Justin Edwards
-
Spencer Pabst
Buyer's Agent in 2022
Spencer Pabst
Pabst, Kinney & Associates
(562) 884-6875
1 in this area
52 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22214140
APN: 7219-007-019
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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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