4308 E 4th Street

    Long Beach, CA 90814
    • $2,400,000
    • STATUS: Closed
    • ON SITE: 239 days
    • ID#: PW18064504
    Sold - 09/20/2018
    $2,400,000
    SOLD - 09/20/2018
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,119
      SQFT
    • $469
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    The Fourth Street Apartments is a 8-unit garden style building comprised of four one-bedroom units, four two-bedroom units and three private garages. The property presents investors with a stabilized asset in a highly-sought after non-rent controlled market. The building is located in the affluent neighborhood of Belmont Heights, walking distance to the ocean, the Colorado Lagoon Park and in close proximity to Belmont Shore's 2nd Street retail corridor, restaurants, coffee shops and a short drive to Bluff Park.

    Sold by Jonathan Swire of The Agency.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T12:30:59.043. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/81823511

    4308 E 4th Street Long Beach, CA 90814

    • Price: $2,400,000
    • Status: Closed
    • Updated: 67 min ago
    • ID#: PW18064504
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    5,119
    SQFT
    $469
    $/SQFT
    1953
    Built
    Neighborhood:
    Belmont Heights (Bh)
    County:
    Los Angeles
    Area:
    2 - Belmont Heights, Alamitos Heights
    Property Description
    The Fourth Street Apartments is a 8-unit garden style building comprised of four one-bedroom units, four two-bedroom units and three private garages. The property presents investors with a stabilized asset in a highly-sought after non-rent controlled market. The building is located in the affluent neighborhood of Belmont Heights, walking distance to the ocean, the Colorado Lagoon Park and in close proximity to Belmont Shore's 2nd Street retail corridor, restaurants, coffee shops and a short drive to Bluff Park.
    Exterior Features

    Garage Spaces 5.00 Lot Features Lot-Level/Flat Lot Size Units Square Feet Parking Total 5.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 1300.00 Elevation Units Feet Fuel Expense 1300.00 Gardener Expense 600.00 Gross Income 152087.00 Gross Scheduled Income 160092.00 Insurance Expense 2048.00 Land Lease YN No Laundry YN No Licenses Expense 500.00 Maintenance Expense 4000.00 Net Operating Income 99398.00 New Taxes Expense 30437.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 52689.00 Pest Control Expense 500.00 Professional Management Expense 7604.00 Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Subdivision Name Other Belmont Heights (Bh) Supplies Expense 1800.00 Total Expenses 52689.00 Trash Expense 1300.00 Water Sewer Expense 1300.00 Water Source Public Zoning Lbr3t

    Listing provided courtesy of Robert Stepp of Keller Williams Pacific Estate.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T12:30:59.043. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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