4505 E 4th Street, Long Beach, CA 90814

$1,499,000
2,750
SqFt
List Price
$1,499,000
Status
ACTIVE
MLS#
PW20219272
Year Built
1919
Living Sq. Ft
2,750
Lot Size
6,105
Acres
0.1402
Lot Location
0-1 Unit/Acre
Days on Market
8
Property Type
Multifamily
Stories
One Level
Builders Tract Code
Belmont Heights (BH)
Neighborhood
Belmont Heights (Bh)

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.

Additional Information

Tract Number
5776.0
Lot Description
Gutters, Park, Sidewalks, Storm Drains, Street Lights, Urban
Appliances
Electric Water Heater, Gas Oven, Gas Range, Gas Cooktop
Pool Description
None
Heat
Central
Cooling
Yes
Cooling Description
Central Air
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$98,400
Operating Expense
24600
Unit One Total Units
1
Unit One Beds
3
Unit One Baths
2
Unit One Actual Rent
3950.00
Unit One Total Rent
3950.00
Unit One Pro Forma
3950
Unit One Furnished
Unfurnished
Unit Two Total Units
1
Unit Two Beds
1
Unit Two Baths
1
Unit Two Garage Spaces
1.00
Unit Two Actual Rent
2250.00
Unit Two Total Rent
2250.00
Unit Two Pro Forma
2250
Unit Two Furnished
Unfurnished
Unit Three Total Units
1
Unit Three Beds
1
Unit Three Baths
1
Unit Three Garage Spaces
1.00
Unit Three Actual Rent
2000.00
Unit Three Total Rent
2000.00
Unit Three Pro Forma
2000
Unit Three Furnished
Unfurnished

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Juan Huizar from Sage Real Estate

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.