NOT LISTED FOR SALE

4600 E 4th St Unit 1 Long Beach, CA 90814

Belmont Heights Neighborhood

Estimated Value: $1,742,000 - $2,453,000

7 Beds
7 Baths
4,193 Sq Ft
$483/Sq Ft Est. Value

Last Sold July 18, 2018

Last sale price $1,500,000 $358 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $12,414/month

35 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • 5 Attached Carport Spaces
  • Fremont Elementary School Rated A
  • Laundry Room
  • Central Heating

About This Home

As of July 2018

Great income opportunity in Belmont Heights, across from Colorado Lagoon. 4 units, ranging from 1 bedroom to 3. Recently renovated exterior and landscaping. 5 assigned carports and community laundry. Close to public transportation, the beach, Recreation Park, 2nd Street shops and restaurants. Highly rated assigned schools. Front unit is a 3 bed, 2 story unit with a patio off the living room, a fireplace, laundry hook-ups in the kitchen. All units have a balcony.

Last Agent to Sell the Property

Katherine Larson

Keller Williams Pacific Estate License #01935283 Listed on: 04/25/2018

Keller Williams Pacific Estate

Last Buyer's Agent

Grace Feng

Wetrust Realty License #01916794

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 6,752 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 4,193 Sq Ft Home
  • Living Room with Fireplace
  • Neighborhood Views
  • Gas Range

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 5 Parking Spaces
  • 5 Attached Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Central Heating
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 27
  • Assessor Parcel Number 7250017020

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $498
  • Gardener Expense $1,485
  • Insurance Expense $3,940
  • Maintenance Expense $405
  • Pest Control $2,172
  • Water Sewer Expense $1,958
  • New Taxes Expense $12,345
  • Operating Expense $23,253
  • Gross Income $80,097
  • Net Operating Income $56,844

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights (BH)
  • View: Yes
  • Water Sewer Expenses: 1958.00
  • Zoning: LBR3T
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1485.00
  • Parcel Number: 7250017020
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 357.74

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Attached Carport
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Central
  • Laundry Features: Community, Gas & Electric Dryer Hookup
  • Pest Control Expense: 2172.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6752.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 498.00
  • Gross Income: 80097.00
  • Gross Operating Income: 80097.00
  • Gross Scheduled Income: 81732.00
  • Insurance Expense: 3940.00
  • Maintenance Expense: 405.00
  • Net Operating Income: 56844.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 23253.00
  • Rent Control: No
  • Total Expenses: 23253.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 12345.00
  • Tax Census Tract: 5776.03
  • Tax Lot: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2020
Sold by
Bi Jianxin
Bought by
Bj Rainbow Investment Llc
Current Estimated Value
$2,024,393

Purchase Details

Listed on
Apr 25, 2018
Closed on
May 31, 2018
Sold by
Kimbell Darlene
Bought by
J C Ideal Investment Llc
Seller's Agent
Katherine Larson
Keller Williams Pacific Estate
Buyer's Agent
Grace Feng
Wetrust Realty
List Price
$1,650,000
Sold Price
$1,500,000
Premium/Discount to List
-$150,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.10%
Original Mortgage
$510,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 10, 2017
Sold by
Kimbell Darlene
Bought by
Kimbell Darlene and Kimbell Douglas B

Purchase Details

Closed on
Mar 22, 2012
Sold by
Kimbell Darlene
Bought by
Kimbell Darlene and Kimbell Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$605,500
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2009
Sold by
Kimbell Darlene and Darlene D Slepcevic Revocable
Bought by
Kimbell Darlene and Kimbell Family Trust

Purchase Details

Closed on
Jan 7, 2009
Sold by
Slepcevic Darlene
Bought by
Kimbell Darlene

Purchase Details

Closed on
Apr 30, 2003
Sold by
Eulo Wendy R and Eulo Anthony
Bought by
Slepcevic Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,935
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 1998
Sold by
Thompson Jill A
Bought by
Eulo Anthony

Purchase Details

Closed on
Dec 16, 1997
Sold by
Main Ralph M and Main Betty Jo
Bought by
Eulo Wendy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.9%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bj Rainbow Investment Llc -- None Available
Bi Jianxin -- None Available
J C Ideal Investment Llc $1,500,000 First American Title Company
Kimbell Darlene -- None Available
Kimbell Darlene -- Accommodation
Kimbell Darlene -- Fidelity National Title Co
Kimbell Darlene -- Fidelity National Title Co
Kimbell Darlene -- None Available
Kimbell Darlene -- None Available
Slepcevic Darlene $794,000 Natc
Eulo Anthony -- Lawyers Title Company
Eulo Wendy R $395,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner J C Ideal Investment Llc $510,000
Previous Owner Kimbell Darlene $605,500
Previous Owner Slepcevic Darlene $770,935
Previous Owner Eulo Wendy R $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2018 07/18/18 Sold $1,500,000 -9.1% $358 / Sq Ft
05/30/2018 05/30/18 Pending -- -- --
04/25/2018 04/25/18 For Sale $1,650,000 -- $394 / 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 $22,050 $1,731,890 $1,082,432 $649,458
2024 $22,050 $1,697,932 $1,061,208 $636,724
2023 $21,683 $1,664,640 $1,040,400 $624,240
2022 $20,351 $1,632,000 $1,020,000 $612,000
2021 $19,303 $1,545,850 $1,082,095 $463,755
2020 $19,253 $1,530,000 $1,071,000 $459,000
2019 $19,029 $1,500,000 $1,050,000 $450,000
2018 $12,936 $1,010,666 $603,348 $407,318
2016 $11,890 $971,422 $579,920 $391,502
2015 $11,415 $956,832 $571,210 $385,622
2014 $11,342 $938,090 $560,021 $378,069
Source: Public Records

Agents Affiliated with this Home

  • Katherine Larson

    Seller's Agent in 2018

    Katherine Larson

    Keller Williams Pacific Estate

    (562) 673-5335

    1 in this area

    54 Total Sales

    Katherine Larson
    Section Image
  • Grace Feng

    Buyer's Agent in 2018

    Grace Feng

    Wetrust Realty

    (626) 888-9808

    23 Total Sales

    Grace Feng
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18094992

California Regional Multiple Listing Service (CRMLS)

APN: 7250-017-020

California Los Angeles County Long Beach 90814 Belmont Heights

4600 E 4th St Unit 1, Long Beach, CA

Not Listed for Sale

MultiFamily

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