Address
4108 E Broadway Long Beach, CA
Price
$ 2,750,000
Property Attributes
- MLS#PW20149194
- TypeIncome
- CountyLOS ANGELES
- CityLong Beach
- AreaBelmont Heights - Alamitos Heights
- NeighborhoodBelmont Heights
- Zip90803
- Style
- Price$ 2,750,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3424
- Lot Size5,005 SqFt
Listing Provided Courtesy Of:
Robert Stepp with Keller Williams - Santa Monica.
Property Description
4108 E. Broadway is an impeccably renovated six-unit investment property located in Belmont Heights, one of the most popular rental markets in Southern California. The asset is fully stabilized, achieving robust rents for all units. The property offers four 1 BD / 1 BA units in the front building and two studio units in the rear building. A beautifully landscaped courtyard in between provides lounge space as well as BBQ and dining facilities. The property also offers ample parking with four garages and two surface spaces. Extensive interior renovations totaling over $50,000 per unit include new windows and doors, hardwood flooring, custom shaker-style cabinets, quartz countertops, in-unit washer/dryers, stainless steel appliances, new bathroom tile and modern lighting, ceiling fans and fixtures throughout. Exterior renovations include extensive repairs, hardscaping, lighting and new gates and fencing. The Belmont Heights location is desirable for young urban professionals seeking a quiet neighborhood ambiance with accessibility to outdoor activities along with shopping and dining amenities. The property is within minutes to the beach and bike path as well as the popular 2nd Street shopping and dining destination. The seller's renovations and management provide a new buyer with a nearly brand new condition property that is 100% occupied. In total, the tenant base has an average income of approximately $113K, well within range of housing affordability guidelines.
| Price History | |
|---|---|
| 7/27/2020 | Listed $2,750,000 |
General Features
| Attached Structure | Attached |
|---|---|
| Community Features | Urban |
| Directions | Belmont Ave & E Broadway |
| Garage Spaces | 4.00 |
| Heating | Floor Furnace |
| Listagentaor | Pacific West |
| Listing Agent | Robert Stepp - BRE#01456379 |
| Listing Agent State License | 01456379 |
| MLS Area | 2 - Belmont Heights, Alamitos Heights |
| Parking Features | Garage, Uncovered |
| Pool Features | None |
| Price Per Square Foot | 803.15 |
| Property Attached Y/N | Yes |
| Sewer | Public Sewer |
| Source System | CRMLS |
| Special Listing Conditions | Standard |
| Subdivision Name | Belmont Heights (BH) |
| Subdivision Name | Belmont Heights (BH) |
| Total Units | 6 |
| Zoning | LBR3S |
Interior Features
| 1st Bedroom Area Unit Type | Square Feet |
|---|---|
| 2nd Bedroom Area Unit Type | Square Feet |
| 3rd Bedroom Area Unit Type | Square Feet |
| Common Walls | 2+ Common Walls |
| Heating Y/N | Yes |
| Laundry Features | Common Area, In Kitchen |
| Laundry Y/N | Yes |
| Studio Area Unit Type | Square Feet |
Exterior Features
| Building Area Total | 3424.00 |
|---|---|
| Lot Features | 6-10 Units/Acre |
| Lot Size Acres | 0.1149 |
| Lot Size Area | 5007.0000 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 5007.00 |
| Lot Size Units | Square Feet |
| Number of Buildings | 2 |
| Number of Separate Electric Meters | 6 |
| Number of Separate Gas Meters | 6 |
| Number of Separate Water Meters | 1 |
| Parking Y/N | Yes |
| Total Parking | 6.00 |
| Uncovered Spaces | 2.00 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 90803
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of October 28, 2020 9:46 AM UTC 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.
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