4231 East 10th Street

Long Beach, CA 90804

$2,400,000
Price
12
Beds
12
Baths
4,872 Sq. Ft.
$493 / Sq. Ft.
4,872
Sq. Ft.
$493
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.

Property Details for 4231 East 10th Street

Parking Spaces Total
9
Private Pool
No
Cooling Type
None

Location

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

Property Details for 4231 East 10th Street

StatusActive
MLS #TR20199381
Days on Market191
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1989
CountyLos Angeles County

Listing Agent

Wan Hsu

Wan Hsu

Golden Key Realty Corporation

nancyhsurealtor@gmail.com

P: 626.512.6638

M: 626.512.6638

DRE #01149962

Contact Agent(s)

Location

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

Building Information for 4231 East 10th Street

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

Payment Calculator

$8,043 per month

30 year fixed, 2.95% Interest

Principal and Interest

$8,043

Property Taxes

HOA Dues

$0

Similar Homes

Property Information for 4231 East 10th Street

Property Features
    Interior Features
  • Appliances: Gas Cooktop
  • Common Walls: 2+ Common Walls
  • Fireplace: No
  • Fireplace Features: None
  • Flooring Type: Carpet, Wood
  • Heating Type: Central, Natural Gas
  • Interior Features: Unfurnished
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Inside, Stackable, Washer Included
  • Levels: Multi/Split
  • Number of 3 Quarter Bathrooms: 0.0
  • Baths One Quarter: 0.0
  • Total Units: 6.0
  • Room Type: All Bedrooms Up
    Exterior Features
  • Pool Features: None
    Parking Info
  • Carport Spaces: 9
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Features: Carport, Covered
    Water Details
  • Water Source: Public
Property / Structure Info
    Property / Structure Info
  • New Construction: No
  • Property Attached YN: true
  • Parcel Number: 7241007027
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Year Built: 1989
  • Year Built Source: Assessor
    Measurements / Dimensions
  • Building Area Total: 4872
  • Building Area Units: Square Feet
  • Living Area: 4872
Community/Development / Location Info
    School/Location Info
  • Zip Code: 90804
  • Street Number Numeric: 4231.0
  • Street Name: 10th
  • Street Direction Prefix: E
  • Street Suffix: Street
  • Country: US
  • County Or Parish: Los Angeles
  • Directions: From Park Ave, Turn left onto E 10th Street
  • Area: Eastside, Circle Area (3)
    Association Information
  • Community Features: Sidewalks
  • Subdivision Name: Eastside (ES)
  • Subdivision Name Other: Eastside (ES)
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Tax Census Tract: 5770.00
  • Tax Lot: 47
  • Tax Tract Number: 3696
  • Zoning: LBR3S
    Income Details
  • Cap Rate: 4.44
  • Gross Income: $147,360
  • Gross Scheduled Income: $147,360
  • Net Operating Income: $106,667
    Expense Details
  • Electric Expense: $600
  • Insurance Expense: $2,118
  • Licenses Expense: $417
  • Maintenance Expense: $3,019
  • New Taxes Expense: $26,319
  • Operating Expense: $24,308
  • Professional Management Expense: $0
  • Total Expenses: $24,308
  • Trash Expense: $0
  • Water Sewer Expense: $3,000
Unit Information
    Unit 1
  • Unit Type Actual Rent: $2,095
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 2300
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $2,095
  • Unit Type Type: 1
    Unit 2
  • Unit Type Actual Rent: $2,095
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 2300
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $2,095
  • Unit Type Type: 2
    Unit 3
  • Unit Type Actual Rent: $2,000
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 2300
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $2,000
  • Unit Type Type: 3
    Unit 4
  • Unit Type Actual Rent: $2,300
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 2300
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $2,300
  • Unit Type Type: 4
    Unit 5
  • Unit Type Actual Rent: $1,895
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 2300
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $1,895
  • Unit Type Type: 5
    Unit 6
  • Unit Type Actual Rent: $1,895
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 2300
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $1,895
  • Unit Type Type: 6
    Multi-Unit Info
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average 2 Bed Area: 800
Rental Info
    Rental Info
  • Rent Controlled: No
  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection
Land/Lot Info
    Land/Lot Info
  • Electric: Standard
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: .11
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 4728
  • Lot Size Units: Square Feet
  • Sewer: Public Sewer

Property History for 4231 E 10th St

DateEvent & SourcePriceAppreciation
Sep 30, 2020

Listed (Active)

CRMLS #TR20199381

$2,400,000
Sep 25, 2020

Listed (Active)

SDMLS #TR20199381

$2,400,000
Sep 25, 2020

Listed (Active)

CLAW #TR20199381MR

$2,400,000
DateEvent & SourcePrice
09/30/2020

Listed (Active)

CRMLS #TR20199381

$2,400,000
09/25/2020

Listed (Active)

SDMLS #TR20199381

$2,400,000
09/25/2020

Listed (Active)

CLAW #TR20199381MR

$2,400,000

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$1,428,000Additions$612,000Total$2,040,000
Tax Record2020$25,559 ($2,130 / month)
Home Facts
Total Finished SqFt4,872 SqFtAbove Grade Finished SqFt4,872 SqFtStories1Lot Size4,728 SqFtStyleMulti-Family Res (5+ Units)Year Built1989Year Renovated1989ZoningLBR3SCountyLOS ANGELESAPN7241007027

Schools near 4231 East 10th Street


SchoolTypeGradesDistanceRating
Wilson High SchoolPublic9-120.2 mi
6
Zinsmeyer AcademyPrivateK-120.3 mi
NR
Bryant Elementary SchoolPublicK-50.3 mi
6
Jefferson Leadership Academies SchoolPublic6-80.4 mi
7

Wilson High School

9-12, 0.2 mi, Public

6

Zinsmeyer Academy

K-12, 0.3 mi, Private

NR

Bryant Elementary School

K-5, 0.3 mi, Public

6

Jefferson Leadership Academies School

6-8, 0.4 mi, Public

7

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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4231 East 10th Street is a multi-family home for sale in Long Beach, CA 90804. This property was listed for sale on September 25, 2020 by Golden Key Realty Corporation at $2,400,000. It has been on the market for a total of 197 days and was last sold on November 21, 2018. This listing's school district is Long Beach Unified School District. Nearby schools include Wilson High School, Zinsmeyer Academy and Bryant Elementary School. 4231 East 10th Street is a 12-bed, 12-bath, 4,872 sqft multi-family home built in 1989. This address can also be written as 4231 E 10th St.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

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 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 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.