We are pleased to present this incredible value-add opportunity in a prime Long Beach location, 3627 E 4th
St Long Beach, CA 90814. This property sits on a 6,500+ square foot lot, and is located in one of Long Beach's most sought-after
neighborhoods, Belmont Heights. The building currently consists of two 1 bed/1 bath and two 2 bed/1 bath units. This offering allows the possibility for a savvy investor to add ADU's in the rear of the property, for additional income. Not taking into the account the addition of ADU's, 3627 E 4th St currently offers 14% upside in net operating income, upon leasing out all of the units at market rents. The property has recently received new copper plumbing, electrical upgrades, and $50,000 worth of exterior renovations. This investment property is truly a gem, as it has been well taken-care-of, resides in a remarkable location, has development potential, and offers the opportunity for an investor to realize more than 14% in upside
Sold for $1,760,000 on 09/12/23
Listing Provided by:
Shane Young DRE #01963090 562-318-0213,
Younglewin Advisors, Inc.
Bought with: Younglewin Advisors, Inc.
$1,760,000
3627 E 4th St, Long Beach, CA 90814
6beds
4baths
4,000sqft
Quadruplex
Built in 1924
-- sqft lot
$1,948,400 Zestimate®
$440/sqft
$4,547 Estimated rent
Home value
$1,948,400
$1.75M - $2.16M
$4,547/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 12, 2023 at 04:45pm
Listing Provided by:
Shane Young DRE #01963090 562-318-0213,
Younglewin Advisors, Inc.
Bought with:
Shane Young, DRE #01963090
Younglewin Advisors, Inc.
Source: CRMLS,MLS#: PW23139703
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,000
- Total interior livable area: 4,000 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Entry location: 3627 E 4th St
- Pool features: None
Lot
- Size: 6,504 sqft
- Features: Back Yard, Yard
Details
- Parcel number: 7255002009
- Zoning: LBCNR
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs
Location
- Region: Long Beach
Other
Other facts
- Listing terms: Cash,Cash to New Loan,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 9/12/2023 | Sold | $1,760,000+0.6%$440/sqft |
Source:  CRMLS #PW23139703 | ||
| 8/26/2023 | Pending sale | $1,750,000$438/sqft |
Source: CRMLS #PW23139703 | ||
| 7/31/2023 | Listed for sale | $1,750,000+183.4%$438/sqft |
Source: CRMLS #PW23139703 | ||
| 1/16/2003 | Sold | $617,500+76.4%$154/sqft |
Source: Public Record | ||
| 6/15/1998 | Sold | $350,000$88/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $23,782 +4.5% | $1,795,200 +2% |
| 2024 | $22,759 +96.1% | $1,760,000 +104.7% |
| 2023 | $11,606 +6.4% | $859,600 +2% |
Find assessor info on the county website
Neighborhood: Belmont Heights
Nearby schools
GreatSchools rating
- 9/10Fremont Elementary SchoolGrades: K-5Distance: 0.3 mi
- 7/10Rogers Middle SchoolGrades: 6-8Distance: 1.1 mi
- 6/10Wilson High SchoolGrades: 9-12Distance: 0.6 mi
Get a cash offer in 3 minutes
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Estimated market value
$1,948,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,948,400