4445 East 4th Street

Long Beach, CA 90814

$1,497,500
Last Sold Price
7
Beds
5
Baths
3,769 Sq. Ft.
$397 / Sq. Ft.
3,769
Sq. Ft.
$397
per Sq. Ft.

Description

Amazing opportunity to own a fully occupied classic Spanish-style 4-plex in desirable Belmont Heights. Owners have taken great care of this investment property, newer back deck, brand new awnings being installed on Sept 19th, artificial turf, newer quartz counter tops in several of the units, and TONS of parking! 3 of the 4 units have been updated cosmetically. Hardwood floors in all 4 units. Plumbing and electrical have been partially upgraded. 11 car parking consists of: 5 car garage + 2 uncovered...Amazing opportunity to own a fully occupied classic Spanish-style 4-plex in desirable Belmont Heights. Owners have taken great care of this investment property, newer back deck, brand new awnings being installed on Sept 19th, artificial turf, newer quartz counter tops in several of the units, and TONS of parking! 3 of the 4 units have been updated cosmetically. Hardwood floors in all 4 units. Plumbing and electrical have been partially upgraded. 11 car parking consists of: 5 car garage + 2 uncovered spots on apron and 4 car tandem in long drive way. 2 of the units have window AC units. Fantastic mix: One 3 bed 2 bath unit, two 1 bedroom/1 bath units, and one 2 bedroom/1 bath unit. Upstairs and back unit have washer and dryer. Buyer to verify all rents & projections. Location is excellent: just blocks away from Red Car Greenbelt, Colorado Lagoon Aquatic Park, 1.6 miles to Rosie's Dog Beach, and conveniently located near shops and restaurants. Sqft is based off of tax records. Information is deemed reliable, however, buyer is encouraged to verify all info to their full satisfaction.

Listing Agent

  1. Taya DiCarlo

    Taya DiCarlo

    Listing Agent

    Compass

    DRE #01751317

Property Details for 4445 East 4th Street

Parking Spaces Total
11
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3769
Assessor Parcel Number
7250-001-013

Location

Listing Courtesy of Compass, Taya DiCarlo, DRE #01751317

Sold By Compass, Georgia Ferrigno, DRE #01747901

Add your commute
LISTING UPDATED: 11/05/2020 08:13 AM

Property Details for 4445 East 4th Street

StatusClosed
MLS #SB20187143
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.15 AC / 6,733 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Taya DiCarlo, DRE #01751317

Sold By Compass, Georgia Ferrigno, DRE #01747901

Add your commute

Building Information for 4445 East 4th Street

Stories2Residences-Year Built1923Building Size-Lot Size0.15 AC / 6,733 SF

Payment Calculator

$9,864 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,172

Property Taxes

$1,692

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4445 East 4th Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Sewer, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $96,540
  • Gross Scheduled Income: $96,540
  • Vacancy Allowance Rate: 1
  • Net Operating Income: $69,509
  • Other Income Description: 1800 parking, see remarks.
  • Gross Multiplier: 14.24
  • Cap Rate: 5.06
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $26,066
  • Operating Expense Percent: 27.00%
  • New Taxes Expense: $15,468
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Other Expense Description: misc
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $26,066
Tax / Assessment Info
  • Tax Tract Number: 5776
  • Tax Census Tract: 5776.03
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Flooring: See Remarks, Wood
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Yard
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Assigned, Driveway, Garage, Uncovered
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Assigned, Driveway, Garage, On Site, See Remarks, Tandem Uncovered, Uncovered
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $1,350
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 1500
  • 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: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,495
  • Unit Type Total Rent: $2,495
  • Unit Type Pro Forma: 2495
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,650
  • Unit Type Total Rent: $2,650
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • 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
  • Number With Patio: 1
  • Number Wall AC: 2

Property History for 4445 East 4th 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 4445 East 4th Street

Taxable ValueLand$1,009,188Additions$548,811Total$1,557,999
Tax Record2023$20,308 ($1,692 / month)
Home Facts
Total Finished SqFt3,769 SqFtAbove Grade Finished SqFt3,769 SqFtLot Size6,765 SqFtStyleQuadraplexYear Built1923ZoningLBR3TCountyLOS ANGELESAPN7250-001-013

Schools near 4445 East 4th 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

Rogers Middle 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 Compass, Taya DiCarlo, DRE #01751317

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.