NOT LISTED FOR SALE

4406 N Lakewood Blvd Long Beach, CA 90808

Lakewood VIllage Neighborhood

Estimated Value: $1,245,000 - $1,437,000

3 Beds
4 Baths
2,300 Sq Ft
$587/Sq Ft Est. Value

Last Sold May 07, 2021

Last sale price $1,050,000 $457 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $8,550/month

11 Days on Market

Highlights

  • Contemporary Architecture
  • Tile Countertops
  • More Than Two Accessible Exits
  • Mark Twain Elementary School Rated A-
  • Park
  • Ceiling Fan

About This Home

As of May 2021

Wonderful Location. Presenting an opportunity to purchase 4 apartment units. The unit mix consists of one Studio, one 1 bedroom, one 2 bedroom, and One bonus Studio unit. Located near Lakewood Centre Mall, and LBX, Minutes from Long Beach Airport, and Long Beach City College, Freeway Close. Located in between the highly desirable Lakewood Country Club and Old Lakewood City Neighborhoods.

Last Agent to Sell the Property

Steve Richardson

Y Realty License #01510320 Listed on: 03/15/2021

Last Buyer's Agent

Alfie McFadden

Keller Williams Pacific Estate License #01455447

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,549

Year Built

  • Built in 1950

Lot Details

  • 7,327 Sq Ft Lot
  • Two or More Common Walls
  • Fenced
  • Fence is in excellent condition
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Contemporary Architecture
  • Quadruplex
  • Raised Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Cement Siding
  • Partial Copper Plumbing

Interior Spaces

  • 2,300 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Family Room with Fireplace

Kitchen

  • Gas Range
  • Tile Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • More Than Two Accessible Exits
  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 9 / A
  • Tax Tract Number 1
  • Assessor Parcel Number 7182001007

Community Details

Overview

  • 4 Units

Recreation

  • Park

Building Details

  • 1 Leased Unit
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,000
  • Insurance Expense $7,200
  • Trash Expense $800
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,776
  • Operating Expense $17,976
  • Gross Income $64,220
  • Net Operating Income $46,224

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,549

Year Built

Built in 1950

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 4.50
  • Price Per Unit: 262500
  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR34
  • Architectural Style: Contemporary
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7182001007
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Partial, Tile Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 456.52
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Excellent Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Cement Siding, Drywall Walls

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7327.00
  • Lot Size Acres: 0.1682

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 900 Square Feet
  • Average Studio Area: 500 Square Feet
  • Electric Expense: 2000.00
  • Gross Income: 64220.00
  • Gross Multiplier: 16.00
  • Gross Scheduled Income: 64200.00
  • Insurance Expense: 7200.00
  • Lot Size Area: 7327.0000 Square Feet
  • Net Operating Income: 46224.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 17976.00
  • Operating Expense Percent: 28.00
  • Rent Control: Yes
  • Total Actual Rent: 5350.00
  • Total Expenses: 17976.00

Tax Info

  • New Taxes Expense: 6776.00
  • Tax Block: A
  • Tax Census Tract: 5712.00
  • Tax Lot: 9
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2021
Closed on
Apr 26, 2021
Sold by
Walters Vanessa
Bought by
Walters Dwight
Seller's Agent
Steve Richardson
Y Realty
Buyer's Agent
Alfie McFadden
Keller Williams Pacific Estate
List Price
$1,050,000
Sold Price
$1,050,000
Current Estimated Value
$1,349,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$299,408
Avg. Annual Appreciation
5.55%
Original Mortgage
$642,600
Outstanding Balance
$605,716
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$720,024

Purchase Details

Listed on
Mar 15, 2021
Closed on
Apr 11, 2021
Sold by
Klingsherin Shirley J
Bought by
Walters Dwight
Seller's Agent
Steve Richardson
Y Realty
Buyer's Agent
Alfie McFadden
Keller Williams Pacific Estate
List Price
$1,050,000
Sold Price
$1,050,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$642,600
Outstanding Balance
$605,716
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$720,024

Purchase Details

Closed on
Mar 9, 2020
Sold by
Klingsheim Shirley J and Trust Of Phil N Klingsheim & S
Bought by
Klingsheim Shirley J and Klingsheim Phil N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2015
Sold by
Klinsheim Shirley J
Bought by
Trust Of Phil N Klingsheim & Shirley J K

Purchase Details

Closed on
Oct 28, 2002
Sold by
Klingsheim Shirley J
Bought by
Klingsheim Phil N
Source: Public Records

Range of Values:

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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
Walters Dwight -- Fidelity National Title Co
Walters Dwight $1,050,000 Fidelity National Title Co
Klingsheim Shirley J -- Fidelity National Title
Trust Of Phil N Klingsheim & Shirley J K -- None Available
Klingsheim Phil N -- --
Klingsheim Shirley J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walters Dwight $642,600
Previous Owner Klingsheim Shirley J $200,000
Previous Owner Klingsheim Phil N $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2021 05/07/21 Sold $1,050,000 0.0% $457 / Sq Ft
03/27/2021 03/27/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $1,050,000 -- $457 / 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 $14,549 $1,136,551 $757,701 $378,850
2024 $14,549 $1,114,267 $742,845 $371,422
2023 $14,307 $1,092,420 $728,280 $364,140
2022 $13,426 $1,071,000 $714,000 $357,000
2021 $1,746 $91,446 $42,779 $48,667
2020 $1,739 $90,769 $42,341 $48,428
2019 $1,721 $88,995 $41,511 $47,484
2018 $1,581 $87,257 $40,698 $46,559
2016 $1,448 $83,620 $39,118 $44,502
2015 $1,403 $82,365 $38,531 $43,834
2014 $1,413 $80,753 $37,777 $42,976
Source: Public Records

Agents Affiliated with this Home

  • Steve Richardson

    Seller's Agent in 2021

    Steve Richardson

    Y Realty

    (213) 260-0199

    1 in this area

    5 Total Sales

    Steve Richardson
    Section Image
  • Alfie McFadden

    Buyer's Agent in 2021

    Alfie McFadden

    Keller Williams Pacific Estate

    (562) 688-3590

    2 in this area

    47 Total Sales

    Alfie McFadden
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21051284

California Regional Multiple Listing Service (CRMLS)

APN: 7182-001-007

California Los Angeles County Long Beach 90712 Lakewood VIllage

4406 N Lakewood Blvd, Long Beach, CA

This home is located at 4406 N Lakewood Blvd, Long Beach, CA 90808 since 15 March 2021 and is currently estimated at $1,349,408, approximately $586 per square foot. This property was built in 1950. 4406 N Lakewood Blvd is a home located in Los Angeles County with nearby schools including Mark Twain Elementary School, Bancroft Middle School, and Lakewood 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 Regional Multiple Listing Service (CRMLS) 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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