Long Beach CA  home offered at $1,199,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

Currently viewing 1 of 500
3731 E 4th Street
Long Beach, California CA 90814-1628
Sold For: $1,115,000
Listing ID: PW22259844
Price/SqFt: $543.37
Status: Closed
Sold Date: 2/02/2023
SqFt: 2,052 Sq Ft
Acres: 0.149 Acres
Subdivision: Belmont Heights (BH)
Year Built: 1919

PRICE REDUCTION AND RENT INCREASES! Wonderful Long Beach/Belmont Heights Triplex Investment opportunity or live in the Classic Craftsman single family home offering 2 bedrooms and 1 bath with private yard, breakfast nook and laundry room and driveway, while your tenants offset your mortgage. Over the rear 4 garages are 2-1bedroom units each offering 1 bathroom and a shared laundry. The 4 garages are rented out separately. All units have been rented out very easily. Sellers are local and are motivated. Please do not contact tenants. Submit all offers subject to interior inspection.

Primary Features

County: Los Angeles
Price Reduction Date: 2023-01-14T17:48:28+00:00
Price/SqFt: 543.37
Property Sub Type: Triplex
Property Type: Residential Income
Subdivision: Belmont Heights (BH)
Year Built: 1919
Zoning: LBCNR

Interior

Appliances: yes
Appliances: Gas Range, Refrigerator
Average 1 Bed Area Units: Square Feet
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Units: Square Feet
Common Walls: 1 Common Wall
Cooling: yes
Cooling Type: Wall/Window Unit(s)
Flooring: Tile, Wood
Garage Spaces: 8
Heating: yes
Heating Type: Forced Air
Laundry: yes
Laundry Features: Common Area, Gas & Electric Dryer Hookup, Inside, Washer Hookup
Levels: Two
Spa: no
Spa Features: None
Stories Total: 2

External

Architectural Style: Craftsman
Fence: yes
Fencing: Chain Link, Wood
Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Garden, Landscaped, Lawn, Level with Street, Rectangular Lot, Level, Park Nearby, Utilities - Overhead, Walkstreet, Yard
Lot Size Area: 6499
Lot Size Source: Assessor
Lot Size Square Feet: 6499
Number Of Buildings: 2
Parking: yes
Parking Features: Concrete, Paved, Driveway Level, Garage, Garage Faces Rear, Off Street, On Site, Parking Space, Private
Parking Total: 8
Pool Features: None
Private Pool: no
Property Attached: yes
Road Frontage Type: City Street
Road Surface Type: Alley Paved
Sewer: Public Sewer
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: 2 - Belmont Heights, Alamitos Heights
Subdivision Name Other: Belmont Heights (BH)

Additional

Accessibility Features: None
Additional Parcels: no
Assessments: Unknown
Association: no
Community Features: Biking, Curbs, Golf, Gutters, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Suburban
Days On Market: 24
Exclusions: All tenant owned personal property including but not limited to furniture and applicances.
List Agent State License: 01077434
List Office State License: 02042866
Lot Size Units: Square Feet
New Construction: no
Number Of Rented Garages: 3
Number Of Separate Electric Meters: 3
Number Of Separate Gas Meters: 3
Number Of Separate Water Meters: 1
Number Of Units Leased: 3
Number Of Units Total: 3
Parcel Number: 7255002022
Senior Community: no
Utilities: Cable Available, Cable Connected, Electricity Available, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Available, Water Connected
Year Built Source: Public Records

Financial

Garage Income: 450
Garage Rental Rate: 150
Gross Scheduled Income: 67588
Insurance Expense: 1752
Land Lease: no
Net Operating Income: 64240
Operating Expense: 3348
Other Income Description: RENT INCREASED BY 10% 3/1/2023
Price Per Unit: 399667
Rent Control: yes
Special Listing Conditions: Standard
Tax Census Tract: 5771.00
Tax Lot: 7
Tax Tract Number: 5771
Tenant Pays: Cable TV, Electricity, Gas
Total Actual Rent: 5120
Total Expenses: 2762
Trash Expense: 360
Vacancy Allowance: 95
Water Sewer Expense: 650

Zoning Info


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Listed by: Douglas Freeman, DRE #01077434 from Arbor Real Estate Group

Contact - Listing ID PW22259844

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

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