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
AVG $2.11M
$2.75M
Visits
AVG 127
126
Year Built
AVG 1937
1923

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