NOT LISTED FOR SALE

4718 E Broadway Long Beach, CA 90803

Belmont Heights Neighborhood

Estimated Value: $1,727,000 - $2,341,000

4 Beds
2 Baths
4,219 Sq Ft
$476/Sq Ft Est. Value

Last Sold February 02, 2012

Last sale price $706,000 $167 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $11,476/month

11 Days on Market

Highlights

  • Spanish Architecture
  • Balcony
  • No Heating
  • Lowell Elementary School Rated A-
  • Tile Countertops
  • 2-minute walk to Livingston Drive Park

About This Home

As of February 2012

This wonderful Belmont Heights Classic Spanish Three Unit Building has old world architectural charm but needs complete RENOVATION. Front Townhouse Style Units feature three bedrooms, one & half baths, hardwood floors, coved ceilings, french windows, balconies and mahogany wood throughout. One bedroom & den unit is located over spacious three car garage.The property is easy proximity to trendy Belmont Shore and beach. Excellent opportunity for investor or owner occupied seeking income. Also,OWNER WILL CARRY with substantial down payment. Note: Income is projected for both 3 bedroom units which are currently vacant.

Last Agent to Sell the Property

Sandra Riddle

Engel & Völkers Long Beach License #00891971 Listed on: 01/10/2012

Co-Listed By

Steve Warshauer

Coldwell Banker Commercial License #00499477

Last Buyer's Agent

Sandra Riddle

Engel & Völkers Long Beach License #00891971 Listed on: 01/10/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 4,343

Parking

  • 3 Parking Spaces

Home Design

  • 4,219 Sq Ft Home
  • Spanish Architecture
  • Plaster

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Tile Countertops
  • Balcony
  • 4,343 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Block 21
  • Assessor Parcel Number 7256020030

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,100
  • Other Expense $17,655
  • Water Sewer Expense $480
  • New Taxes Expense $8,613
  • Gross Income $5,650
  • Net Operating Income $43,155

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.26
  • View: No
  • Water Sewer Expenses: 480.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7256020030
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Tile Counters
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 167.34

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Plaster

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 4343.00
  • Lot Size Acres: 0.1000

Multi Family

  • Gross Income: 5650.00
  • Gross Multiplier: 10.16
  • Gross Scheduled Income: 67800.00
  • Insurance Expense: 2100.00
  • Lot Size Area: 4343.0000 Square Feet
  • Maintenance Percent: 5.00
  • Net Operating Income: 43155.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 21255.00
  • Operating Expense Percent: 33.00
  • Other Expense: 17655.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 8613.00
  • Tax Area: 5500
  • Tax Block: 21
  • Tax Lot: 0.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2012
Closed on
Jan 31, 2012
Sold by
Boyd Julie and Lauer Trust
Bought by
Gensemer Gary and Gensemer Tamra
Seller's Agent
Sandra Riddle
Engel & Völkers Long Beach
Buyer's Agent
Sandra Riddle
Engel & Völkers Long Beach
List Price
$689,000
Sold Price
$706,000
Premium/Discount to List
$17,000
2.47%
Current Estimated Value
$2,006,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,300,143
Avg. Annual Appreciation
7.80%

Purchase Details

Closed on
Jan 10, 2002
Sold by
Boyd Arden F and Boyd Rita M
Bought by
Boyd Arden F and Boyd Rita M
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
Gensemer Gary $706,000 Western Resources Title
Boyd Arden F -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2012 02/02/12 Sold $706,000 +2.5% $167 / Sq Ft
01/21/2012 01/21/12 Pending -- -- --
01/10/2012 01/10/12 For Sale $689,000 -- $163 / 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 $11,577 $886,763 $572,755 $314,008
2024 $11,577 $869,376 $561,525 $307,851
2023 $11,384 $852,330 $550,515 $301,815
2022 $10,695 $835,619 $539,721 $295,898
2021 $10,468 $819,236 $529,139 $290,097
2020 $10,439 $810,837 $523,714 $287,123
2019 $10,318 $794,940 $513,446 $281,494
2018 $10,010 $779,354 $503,379 $275,975
2016 $9,189 $749,092 $483,833 $265,259
2015 $8,823 $737,841 $476,566 $261,275
2014 $8,766 $723,388 $467,231 $256,157
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2012

    Sandra Riddle

    Engel & Völkers Long Beach

  • Steve Warshauer

    Seller Co-Listing Agent in 2012

    Steve Warshauer

    Coldwell Banker Commercial

    (562) 495-6070

    2 in this area

    21 Total Sales

    Steve Warshauer
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P808208

California Regional Multiple Listing Service (CRMLS)

APN: 7256-020-030

California Los Angeles County Long Beach 90803 Belmont Heights

4718 E Broadway, Long Beach, CA

Not Listed for Sale

MultiFamily

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