NOT LISTED FOR SALE

Estimated Value: $2,196,915

3 Beds
2 Baths
4,566 Sq Ft
$481/Sq Ft Est. Value

Last Sold September 22, 2021

Last sale price $1,880,000 $412 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $13,576/month

10 Days on Market

About This Home

As of September 2021

4531 E. Anaheim consists of 7 Apartment Units and 1 Retail Office Space directly across from Recreation Park Golf Course in East Long Beach. The complex has been meticulously maintained, and is less than one mile to Cal State Long Beach. Due to the potential for significantly higher rents, this this asset offers a 6.37% Pro-Forma CAP Rate!
Other Amenities include; 3 Parking Garages and a tandem 2-car parking space, On-Site Laundry, and a spacious deck for views and barbequing. Please drive by to see this clean asset, but we ask to not speak with the tenants.

Last Agent to Sell the Property

Pat Swanson

Pat Swanson License #01382974 Listed on: 07/06/2021

Last Buyer's Agent

Pat Swanson

Pat Swanson License #01382974 Listed on: 07/06/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 4,494 Sq Ft Lot
  • Two or More Common Walls
  • No Landscaping

Parking

  • 2 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,566 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 575002
  • Assessor Parcel Number 7220012021

Community Details

Overview

  • 8 Units
  • Eastside Subdivision

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Fuel Expense $3,480
  • Insurance Expense $2,953
  • Operating Expense $37,132
  • Gross Income $104,001
  • Net Operating Income $69,342

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

4,494 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Zoning: LBCCN
  • Property Type: Residential Income
  • Parcel Number: 7220012021
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 411.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 4494.00
  • Lot Size Acres: 0.1032

Multi Family

  • Electric Expense: 300.00
  • Fuel Expense: 3480.00
  • Gross Income: 104001.00
  • Gross Scheduled Income: 107218.00
  • Insurance Expense: 2953.00
  • Lot Size Area: 4494.0000 Square Feet
  • Net Operating Income: 69342.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 37132.00
  • Rent Control: No
  • Total Actual Rent: 8935.00
  • Total Expenses: 37132.00

Tax Info

  • Tax Census Tract: 5750.02
  • Tax Lot: 13
  • Tax Tract Number: 575002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2016
Sold by
Myler Colin
Bought by
Myler Colin and Myler Carol
Current Estimated Value
$2,196,915

Purchase Details

Closed on
Dec 9, 1998
Sold by
Tripodes Dena
Bought by
Tripodes Nikitas J

Purchase Details

Closed on
Nov 23, 1998
Sold by
Tripodes Nikitas J
Bought by
Myler Colin and Myler Carol
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Myler Colin -- None Available
Tripodes Nikitas J -- Chicago Title
Myler Colin $345,000 Chicago Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2021 09/22/21 Sold $1,880,000 +8.4% $412 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $1,735,000 -- $380 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $27,239 $1,995,070 $732,233 $1,262,837
2024 $26,055 $1,955,952 $717,876 $1,238,076
2023 $25,599 $1,917,600 $703,800 $1,213,800
2022 $24,030 $1,880,000 $690,000 $1,190,000
2021 $7,427 $499,653 $159,303 $340,350
2019 $7,320 $484,835 $154,579 $330,256
2018 $7,067 $475,330 $151,549 $323,781
2016 $6,507 $456,874 $145,665 $311,209
2015 $6,270 $450,012 $143,477 $306,535
2014 $6,224 $441,198 $140,667 $300,531
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21146367

California Regional Multiple Listing Service (CRMLS)

APN: 7220-012-021

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