Seller's Agent in 2021
Eileen Rivera
GE Dean and Associates
(562) 688-9809
1 in this area
64 Total Sales
529 W 4th St Long Beach, CA 90802
West Village NeighborhoodEstimated Value: $1,351,741 - $1,700,000
9
Beds
6
Baths
3,812
Sq Ft
$386/Sq Ft
Est. Value
Highlights
- 0.17 Acre Lot
- Laundry Room
- 5-minute walk to Cesar E Chavez Park
About This Home
As of September 2021This well priced and well located 4 unit property - currently configured as 5 units - is located in Long Beach, California only a few blocks from the Promenade, Pine Street Eateries, the Convention Center and the Pike outdoor shopping complex. The 5 unit property is comprised of 2 separate structures on a large 7497 SF lot. The front structure is a pre-craftsman house with 3 bedrooms/2bth, built in 1900. The rear building is 1960-era construction and consists of 2 units with 2-Bedroom/1-Bth and 2 units with 1-Bedroom/1-Bth. All units are separately metered for gas and electricity. Front house was upgraded to newer plumbing and electricity in the 2000's. Both structures have newer roofs. This building is located two blocks away from the Long Beach Courthouse and walking distance to World Trade Center Long Beach and DTLB amenities. Tenants have convenient access to freeways as well as shops and restaurants. Coastal Long Beach has high demand and low vacancy rates. The city is currently investing in major redevelopment along with the Long Beach Port which is undergoing a $4 billion development. In addition, the $400 million Deukmajian Court House (Long Beach Courthouse) was completed in 2018. These factors, among many others, make this an excellent opportunity. Upside in the rents and amazing location! Don't miss this great investment opportunity in a dense rental market with low vacancy rate and strong income. Property address: 527 - 529 W 4th Street.
Last Agent to Sell the Property
GE Dean and Associates License #01208517 Listed on: 05/18/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 7,487 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- 3,812 Sq Ft Home
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
- Parking Available
- Assigned Parking
Additional Features
- Laundry Room
- Septic Type Unknown
Listing and Financial Details
- Legal Lot and Block 24 / 139
- Tax Tract Number 111
- Assessor Parcel Number 7278026019
Community Details
Overview
- 2 Buildings
- 5 Units
- Willmore District Subdivision
Amenities
- Laundry Facilities
Building Details
- 5 Leased Units
- 5 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $2,200
- Professional Management Expense $6,000
- Trash Expense $1,200
- Water Sewer Expense $960
- New Taxes Expense $16,250
- Operating Expense $26,610
- Gross Income $82,080
- Net Operating Income $22,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 23, 2016
Sold by
Ray Theresa K
Bought by
Ray Lance and Ray Theresa K
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$547,000
Outstanding Balance
$435,634
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$1,035,301
Purchase Details
Listed on
Oct 23, 2013
Closed on
Oct 1, 2013
Sold by
Ray Lance
Bought by
Ray Theresa K
Seller's Agent
Eileen Rivera
GE Dean and Associates
Buyer's Agent
Eileen Rivera
GE Dean and Associates
List Price
$755,000
Sold Price
$755,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.60%
Purchase Details
Closed on
Nov 1, 2010
Sold by
Hebish Nady
Bought by
Shahid Jehan Alfie
Purchase Details
Closed on
Oct 19, 2010
Sold by
Us Bank National Association
Bought by
Shahid Jehan Alfie
Purchase Details
Closed on
Apr 25, 2009
Sold by
Le Truong
Bought by
Us Bank National Association
Purchase Details
Closed on
Jun 21, 2001
Sold by
Hud
Bought by
Le Truong
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,000
Interest Rate
7.09%
Purchase Details
Closed on
Jun 9, 2000
Sold by
Orozco Veronica and Gonzalez Francisco J
Bought by
Countrywide Home Loans Inc
Purchase Details
Closed on
Apr 24, 1998
Sold by
Countrywide Home Loans Inc
Bought by
Hud
Purchase Details
Closed on
Jan 6, 1997
Sold by
Orozco Veronica and Gonzalez Francisco J
Bought by
Gomez Teresa
Purchase Details
Closed on
Aug 2, 1996
Sold by
Delezma Maria
Bought by
Orozco Veronica and Gonzalez Francisco J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,629
Interest Rate
8.2%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 10, 1996
Sold by
Albright Beatrice
Bought by
Delzema Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,629
Interest Rate
8.2%
Mortgage Type
FHA
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 |
|---|---|---|---|
| Ray Lance | -- | Ticor Title Co | |
| Ray Theresa K | -- | Chicago Title Company | |
| Ray Theresa K | $755,000 | Chicago Title Company | |
| Shahid Jehan Alfie | -- | First American Title Company | |
| Shahid Jehan Alfie | $470,004 | First American Title Company | |
| Us Bank National Association | $495,000 | Accommodation | |
| Le Truong | $229,000 | First Southwestern Title Co | |
| Countrywide Home Loans Inc | $251,911 | Landsafe Title | |
| Hud | -- | Landsafe Title | |
| Gomez Teresa | -- | -- | |
| Orozco Veronica | $247,000 | Commonwealth Land Title Co | |
| Delzema Maria | $145,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ray Lance | $547,000 | |
| Previous Owner | Le Truong | $183,000 | |
| Previous Owner | Orozco Veronica | $237,629 | |
| Previous Owner | Delzema Maria | $125,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/13/2021 09/13/21 | Sold | $1,250,000 | -3.8% | $328 / Sq Ft | |
| 05/18/2021 05/18/21 | For Sale | $1,299,000 | +72.1% | $341 / Sq Ft | |
| 05/05/2021 05/05/21 | Pending | -- | -- | -- | |
| 10/25/2013 10/25/13 | Sold | $755,000 | 0.0% | $198 / Sq Ft | View Prior Sale |
| 10/25/2013 10/25/13 | Pending | -- | -- | -- | |
| 10/23/2013 10/23/13 | For Sale | $755,000 | -- | $198 / Sq Ft |
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 | $17,879 | $1,326,509 | $859,578 | $466,931 |
| 2024 | $17,122 | $1,300,500 | $842,724 | $457,776 |
| 2023 | $16,837 | $1,275,000 | $826,200 | $448,800 |
| 2022 | $15,810 | $1,250,000 | $810,000 | $440,000 |
| 2021 | $11,080 | $855,037 | $600,226 | $254,811 |
| 2020 | $11,050 | $846,271 | $594,072 | $252,199 |
| 2019 | $10,923 | $829,678 | $582,424 | $247,254 |
| 2018 | $10,537 | $813,410 | $571,004 | $242,406 |
| 2016 | $9,686 | $781,826 | $548,832 | $232,994 |
| 2015 | $9,302 | $770,084 | $540,589 | $229,495 |
| 2014 | $9,249 | $755,000 | $530,000 | $225,000 |
Source: Public Records
Agents Affiliated with this Home
-
Eileen Rivera
-
Grace Olson
G
Seller Co-Listing Agent in 2021
Grace Olson
GE Dean and Associates
(562) 980-2946
1 in this area
29 Total Sales
-
Anthony Walker
Buyer's Agent in 2021
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
3 in this area
91 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS21106381
APN: 7278-026-019
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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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