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Sold on 04/01/2025
  • Exterior
  • Living
  • Kitchen
  • Bedroom
  • Bath

4308 E 4th St, Long Beach, CA 90814

  • $2,235,875

    Last sold 04/01/2025 for $2.4M

  • 12

    bed

  • 8

    bath

  • 5,119

    Sqft ($469/Sqft)

Multi-family not for sale
Movoto is helping 68 homebuyers near you

About 4308 E 4th St

Property type Multi-family
Neighborhood
Year built 1953
HOA fee $0/month
Lot size 6,751 Sqft
Movoto estimate
Property description
PRICED TO SELL. 8 units on the Eastside of Long Beach in Belmont Heights - heavily remodeled in 2019 - over $400K in CAP EX spent. 11.4 GRM And 5.8% CAP against in-place rents. Excellent unit mix for the area with 1 and 2-bedroom units. 5 parking spaces in the rear (3 garages and 2 open). All units had new kitchens, baths, flooring, etc. in 2019. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). Exterior was updated in 2019 as well - new paint, windows, landscaping, lighting, etc. Put 30% Down. Excellent financing available for qualified Buyers - 5.25% 5-year fixed, fully amortized. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Listed by
Listing Agent - Jonathan Swire
Listing Office - The Agency
Source: The MLS mls logo
MLS#25497543 • last updated 1 year ago
Movoto checked The MLS for data 6 minutes ago
Overview
Levels/Style Two
MLS # 25497543
Type Residential Income
Status Active
SqFt 5119
Lot Size (SqFt) 6751
Lot Size (Acres) 0.155
Year Built 1953
Interior
Total # of Baths 8
Total # of Bedrooms 12
Exterior
# Parking Spaces 3
Parking Desc Assigned
# Covered Parking Spaces 3
Add'l Structures None
Amenities / Utilities
Equipment None
Location
County Los Angeles
Zoning LBR3T
APN 7255-036-017
Multifamily Details
Unit 1: Furnished No
Unit 1: Projected Rent 1950
Unit 1: # Beds 1
Unit 1: Rent 1950
Unit 2: Rent 2350
Unit 2: Furnished No
Unit 2: Projected Rent 2350
Unit 2: # Beds 2
Unit 2: # Baths 1
Unit 1: # Baths 1
Unit 2: Actual Rent 2350
Unit Type 2106, 2107
Unit 1: Actual Rent 1950
Total # Of Buildings 1
Net Operating Income 135000
Cap Rate 5.8
Gross Income 206000
Gross Operating Income 206000
Gross Rent Multiplier 11.4
Total Annual Expenses 64000
$2.23M
Range: $2.01M-$2.45M
Last 30 days 
  • May 2025
    mls logo MLS # 25497543
  • May 9, 2025 Sold
    $2,400,000 (+2.2%)
  • Feb 12, 2025 Listed
    $2,349,000 (-2.1%)
  • Sep 2018
    mls logo MLS # PW18064504
  • Sep 21, 2018 Sold
    $2,400,000
  • Sep 20, 2018 Sold
    $2,400,000
  • Aug 23, 2018 Pending
    —
  • Mar 20, 2018 Listed
    $2,400,000
  • Mar 20, 2018 Listed
    $2,400,000
  • 4308 E 4th St
    $2.4M
  • Belmont Heights
    $889K +4% y/y
  • 90814
    $560K -6% y/y
  • Long Beach
    $700K -2% y/y
No chart available
Statistics calculated by Movoto

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9/10
Fremont Elementary School
public Grades K-5
Long Beach Unified School District
7/10
Rogers Middle School
public Grades 6-8
Long Beach Unified School District
6/10
Wilson High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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