4201 East 7th Street

Long Beach, CA 90804

$1,535,000
Last Sold Price
9
Beds
6
Baths
3,265 Sq. Ft.
$470 / Sq. Ft.
3,265
Sq. Ft.
$470
per Sq. Ft.

Description

WELCOME TO YOUR DREAM INVESTMENT PROPERTY - This stunning Classic Spanish-style building offers spacious units, a private lot, and an incredible CASH FLOW. With dream tenants in place, this property is a smart investment for any real estate portfolio. Each unit has been thoughtfully renovated in 2010, ensuring modern amenities while maintaining its 1930's charm. The units are spacious and offer plenty of light, making them desirable to the tenants. The property also features on-site laundry and another...WELCOME TO YOUR DREAM INVESTMENT PROPERTY - This stunning Classic Spanish-style building offers spacious units, a private lot, and an incredible CASH FLOW. With dream tenants in place, this property is a smart investment for any real estate portfolio. Each unit has been thoughtfully renovated in 2010, ensuring modern amenities while maintaining its 1930's charm. The units are spacious and offer plenty of light, making them desirable to the tenants. The property also features on-site laundry and another highlight is the 800 square foot garage/basement, offering endless possibilities, including more potential rental space. This is an exceptional investment that promises an excellent cash flow and a solid return on investment.
  1. Listed by Jamee Lindberg • DRE #01107487 • Brokerage DRE #01363872 • Re/Max R. E. Specialists
  2. Listed by John Lindberg • DRE #01010112 • Brokerage DRE #01363872 • Re/Max R. E. Specialists

Property Details for 4201 East 7th Street

Architectural Style
Spanish
View
None
Parking Spaces Total
3
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Re/Max R. E. Specialists, Jamee Lindberg, DRE #01107487; Re/Max R. E. Specialists, John Lindberg, DRE #01010112

Sold By Pacific Sotheby's Int'l Realty, Mary Ryan, DRE #01476437; Pacific Sotheby's Int'l Realty, Sean Stanfield, DRE #01024996

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LISTING UPDATED: 07/20/2023 02:16 AM

Property Details for 4201 East 7th Street

StatusClosed
MLS #PW23062727
Days on Market53
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1930
Lot Size0.10 AC / 4,255 SF
CountyLos Angeles County

Location

Listing Courtesy of Re/Max R. E. Specialists, Jamee Lindberg, DRE #01107487; Re/Max R. E. Specialists, John Lindberg, DRE #01010112

Sold By Pacific Sotheby's Int'l Realty, Mary Ryan, DRE #01476437; Pacific Sotheby's Int'l Realty, Sean Stanfield, DRE #01024996

Add your commute

Building Information for 4201 East 7th Street

Stories1Residences-Year Built1930Building Size-Lot Size0.10 AC / 4,255 SF

Payment Calculator

$9,603 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,377

Property Taxes

$1,226

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4201 East 7th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $3,300
  • Gross Scheduled Income: $111,084
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $107,751
  • Net Operating Income: $88,043
  • Number Of Rented Garages: 1
  • Garage Rental Rate: $275
  • Garage Income: $275
  • Other Income Description: garage/basement
  • Gross Multiplier: 15.07
  • Cap Rate: 5.2
  • Financing: Conventional
Expense Details
  • Operating Expense: $19,708
  • Gardener Expense: $1,789
  • Licenses Expense: $103
  • Pest Control Expense: $382
  • Electric Expense: $8,206
  • Insurance Expense: $4,274
  • Other Expense: $220
  • Other Expense Description: plumbing
  • Trash Expense: $0
  • Water Sewer Expense: $4,782
  • Total Expenses: $19,708
Tax / Assessment Info
  • Tax Tract Number: 6519
  • Tax Census Tract: 5770.00
  • CFD/Mello-Roos Fee: $814
  • Tax Lot: 2
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Gas Range, Refrigerator, Water Heater
  • Equipment: Community, Refrigerator
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom
  • Bedroom Features: All Bedrooms Down, Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Community
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Flat, Spanish Tile
  • Entry Location: front
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • Foundation Details: Raised
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Belmont Heights
  • Builders Tract Code: Belmont Heights (BH)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,336
  • Unit Type Total Rent: $3,336
  • Unit Type Pro Forma: 4250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,676
  • Unit Type Total Rent: $2,676
  • Unit Type Pro Forma: 3750
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,720
  • Unit Type Total Rent: $1,720
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,250
  • Unit Type Total Rent: $1,250
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Range: 4
  • Number With Refrigerator: 4

Property History for 4201 East 7th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4201 East 7th Street

Taxable ValueLand$768,192Additions$347,069Total$1,115,261
Tax Record2023$14,716 ($1,226 / month)
Home Facts
Total Finished SqFt3,265 SqFtAbove Grade Finished SqFt3,265 SqFtLot Size4,255 SqFtStyleQuadraplexYear Built1930ZoningLBCCACountyLOS ANGELESAPN7241-003-016

Schools near 4201 East 7th Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Fremont Elementary School
PublicK to 5

Jefferson Leadership Academies School
Public6 to 8

Wilson High School
Public9 to 12

Select Community Day (Secondary) School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re/Max R. E. Specialists, Jamee Lindberg, DRE #01107487; Re/Max R. E. Specialists, John Lindberg, DRE #01010112

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.