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    4505 E 4th Street

    Long Beach, CA 90814
    • $1,499,000
    • STATUS: Active
    • ON SITE: 14 days
    • ID#: PW20219272
    $1,499,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,750
      SQFT
    • $545
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1919
    County:

    School Ratings & Info

    Description

    This is a rare owner-user or investment opportunity to own three separate homes on a lot in Belmont Heights. This like-new property is within walking distance to the Colorado Lagoon, Marina Vista Park, Recreation Golf Course, and all of the shops and eateries along 4th Street. While the original structure was built in 1919, the front house has been gorgeously renovated, including new flooring, new paint, fully remodeled kitchen and bathrooms, tons of improvements to the major systems, and even a finished basement. The two homes in the rear are brand new construction that were just completed in September 2020, each being large 1 bed, 1 bath freestanding structures. Both of the rear homes include air-conditioning, washer and dryer, outdoor space, and garage parking. As an owner-user, the strong rents provide upside by lowering your monthly payments, while giving you the luxury of picking your neighbors. As an investor, the location, lifestyle, and income this property generates are hard to ignore. This investment is sure to appeal to a wide base of high-quality tenants that will pay strong rents to live in a brand new home in the highly-sought after Belmont Heights neighborhood.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-31T00:32:35.807. 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 or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/111112145
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    4505 E 4th Street Long Beach, CA 90814

    • Price: $1,499,000
    • Status: Active
    • ID#: PW20219272
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,750
    SQFT
    $545
    $/SQFT
    1919
    Built
    Neighborhood:
    Belmont Heights (Bh)
    County:
    Los Angeles
    Area:
    2 - Belmont Heights, Alamitos Heights
    Property Description
    This is a rare owner-user or investment opportunity to own three separate homes on a lot in Belmont Heights. This like-new property is within walking distance to the Colorado Lagoon, Marina Vista Park, Recreation Golf Course, and all of the shops and eateries along 4th Street. While the original structure was built in 1919, the front house has been gorgeously renovated, including new flooring, new paint, fully remodeled kitchen and bathrooms, tons of improvements to the major systems, and even a finished basement. The two homes in the rear are brand new construction that were just completed in September 2020, each being large 1 bed, 1 bath freestanding structures. Both of the rear homes include air-conditioning, washer and dryer, outdoor space, and garage parking. As an owner-user, the strong rents provide upside by lowering your monthly payments, while giving you the luxury of picking your neighbors. As an investor, the location, lifestyle, and income this property generates are hard to ignore. This investment is sure to appeal to a wide base of high-quality tenants that will pay strong rents to live in a brand new home in the highly-sought after Belmont Heights neighborhood.
    Exterior Features

    Garage Spaces 2.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN No Uncovered Spaces 2.00

    Interior Features

    Appliances Electric Water HeaterGas OvenGas RangeGas Cooktop Appliances YN Yes 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 No Common Walls Cooling Central Air Cooling YN Yes Flooring VinylWood Heating Central Heating YN Yes Interior Features Recessed Lighting Laundry Features Inside Levels One Room Type All Bedrooms DownBasement

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.92 Community Features GuttersParkSidewalksStorm DrainsStreet LightsUrban Country Us Electric 220 Volts Elevation Units Feet Gross Income 98400.00 Gross Multiplier 15.23 Gross Scheduled Income 98400.00 Insurance Expense 1800.00 Land Lease YN No Laundry YN Yes Maintenance Expense 500.00 Net Operating Income 63960.00 New Construction YN Yes New Taxes Expense 18737.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 2 Number Wall AC 3 Number With Dishwasher 3 Number With Range 3 Number With Refrigerator 3 Operating Expense 24600.00 Operating Expense Percent 25.00 Other Expense 563.00 Pest Control Expense 600.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Belmont Heights (Bh) Tenant Pays ElectricityGasTrash Collection Total Actual Rent 8200.00 Total Expenses 24600.00 Trash Expense 0.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 2400.00 Water Source Public Year Built Source Assessor Zoning Lbr3t

    Listing provided courtesy of Juan Huizar of Sage Real Estate and Caleb Baldwin of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-31T00:32:35.807. 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 or Keller Williams Realty. Licensed in the State of California, USA.

     
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