$2,750,000 4108 E Broadway Long Beach, CA

MLS: PW20149194   Type: Income   County: Los Angeles   City: Long Beach   Area: Belmont Heights - Alamitos Heights   Neighborhood: Belmont Heights   Zip: 90803  

Mortgage $12,911 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

0

0

0

3,424

5,005

1923

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.

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Price History

7/27/2020 Listed $2,750,000

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
Private Pool No
Property Attached Y/N Yes
Senior Community Y/N No
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
Land Lease Y/N No
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

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Direct Link:

https://www.jvalenrealestate.com/property/25-PW20149194-4108-E-Broadway-Long-Beach-CA-90803

Gallery (21 photos)

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Property vs Zip Code Avg (90803)

Price 2.75M Avg 2.33M

Sqr Feet 3,424 Avg 3,754

Cost / Sqr Ft $803 Avg $623

Acres 0.1149 Avg 0.12

Visits 90 Avg 118

Days on Site 87 Avg 61

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Listing Provided Courtesy Of: Robert Stepp with Keller Williams - Santa Monica.




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Location & Address

J Valen RE Team

Los Angeles, CA
310-231-6864
888-879-7812