4231 East 10th Street

Long Beach, CA 90804

$2,275,000
Last Sold Price
12
Beds
12
Baths
4,872 Sq. Ft.
$467 / Sq. Ft.
4,872
Sq. Ft.
$467
per Sq. Ft.

Description

Rare opportunity to acquire a steady 100% rental occupancy (4.44% Cap Rate; value-add with strong occupancy trend), 6-unit townhouse-style 2-bedroom/2-bath units including in-unit washer/dryer built in 1989. Building entrance gate with security camera for enhanced access control and security in a prime Long Beach submarket, and great proximity to Wilson High School and Cal State Long Beach and adjacent to nearby entertainment amenities such as The Hangar at Long Beach Exchange and 2ND & PCH.Rare opportunity to acquire a steady 100% rental occupancy (4.44% Cap Rate; value-add with strong occupancy trend), 6-unit townhouse-style 2-bedroom/2-bath units including in-unit washer/dryer built in 1989. Building entrance gate with security camera for enhanced access control and security in a prime Long Beach submarket, and great proximity to Wilson High School and Cal State Long Beach and adjacent to nearby entertainment amenities such as The Hangar at Long Beach Exchange and 2ND & PCH.
  1. Listed by Wan Hsu • DRE #01149962 • Brokerage DRE #01870122 • Golden Key Realty Corporation

Property Details for 4231 East 10th Street

Parking Spaces Total
9
Private Pool
No
Cooling Type
N/K
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4872
Assessor Parcel Number
7241-007-027

Location

Listing Courtesy of Golden Key Realty Corporation, Wan Hsu, DRE #01149962

Sold By Buckingham Investments, Inc, Anthony Walker, DRE #01908153

Add your commute
LISTING UPDATED: 08/09/2021 09:11 AM

Property Details for 4231 East 10th Street

StatusClosed
MLS #TR20199381
Days on Market214
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1989
CountyLos Angeles County

Location

Listing Courtesy of Golden Key Realty Corporation, Wan Hsu, DRE #01149962

Sold By Buckingham Investments, Inc, Anthony Walker, DRE #01908153

Add your commute

Building Information for 4231 East 10th Street

Building/Complex4231 E 10th StFloor-Stories1Residences-Pet Policy-Year Built1989Building Size-

Payment Calculator

$14,921 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,416

Property Taxes

$2,505

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4231 East 10th Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $147,360
  • Gross Scheduled Income: $147,360
  • Net Operating Income: $106,667
  • Cap Rate: 4.44
  • Financing: Conventional
Expense Details
  • Operating Expense: $24,308
  • New Taxes Expense: $26,319
  • Licenses Expense: $417
  • Electric Expense: $600
  • Insurance Expense: $2,118
  • Maintenance Expense: $3,019
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $3,000
  • Total Expenses: $24,308
Tax / Assessment Info
  • Tax Tract Number: 3696
  • Tax Census Tract: 5770.00
  • Tax Lot: 47
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Gas Cooktop
  • Equipment: Gas Dryer Hookup, In Kitchen, Inside, Laundry Closet Stacked, Stackable W/D Hookup, Washer
  • Interior Features: Unfurnished
  • Room Type: All Bedrooms Up
  • Bedroom Features: All Bedrooms Up
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Inside, Stackable, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Natural Gas
  • Heat Source: Natural Gas
  • Heating: Central, Natural Gas
  • Flooring: Carpet, Wood
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Multi/Split
  • Sewer: Public Sewer
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport
  • Parking Garage Spaces: 0
  • Carport Spaces: 9
  • Parking Features: Carport, Covered
Property / Structure Info
  • Builders Tract Name: Eastside
  • Builders Tract Code: Eastside (ES)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,095
  • Unit Type Total Rent: $2,095
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,095
  • Unit Type Total Rent: $2,095
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,300
  • Unit Type Total Rent: $2,300
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,895
  • Unit Type Total Rent: $1,895
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,895
  • Unit Type Total Rent: $1,895
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 4231 East 10th 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 4231 East 10th Street

Taxable ValueLand$1,509,600Additions$810,900Total$2,320,500
Tax Record2023$30,057 ($2,505 / month)
Home Facts
Total Finished SqFt4,872 SqFtAbove Grade Finished SqFt4,872 SqFtStories1Lot Size4,728 SqFtStyleMulti-Family Res (5+ Units)Year Built1989ZoningLBR3SCountyLOS ANGELESAPN7241-007-027

Schools near 4231 East 10th 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
Bryant 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.

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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 Golden Key Realty Corporation, Wan Hsu, DRE #01149962

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.