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    4721 Clark Avenue

    Long Beach, CA 90808
    • $1,590,000
    • STATUS: Active
    • ON SITE: 244 days
    • ID#: PV21006658
    UPDATED: 35 min ago
    $1,590,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,264
      SQFT
    • $373
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1944
    County:

    School Ratings & Info

    Description

    Excellent location in prestigious Lakewood Village. Developers dream, rents are low and property is under utilized with lot size of about 8,815 square feet. one 2-bedroom unit was added about 1955 and one 3-bedroom unit was added about 1965. owner lives in the back 3- bedroom apartment which has direct access to to the garage, has laundry hookups in its unit and has own back yard. Close to Lakewood Center Mall and Long Beach City College with many schools near by. close to FWY 91 on North; FWY 405 on South; FWY 710 on the West and FWY 605 on the East. Analysis is based on Pro Forma rents.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T20:34:01.337. 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 deemed reliable but is not guaranteed accurate by the MLS or CENTURY 21 Jordan-Link & Co.. Licensed in the State of California, USA.
    www.century21jordanlink.com/homes/113516822
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    4721 Clark Avenue Long Beach, CA 90808

    • Price: $1,590,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: PV21006658
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    4,264
    SQFT
    $373
    $/SQFT
    1944
    Built
    Neighborhood:
    Lakewood Village (Lkvl)
    County:
    Los Angeles
    Area:
    29 - Lakewood Village
    Property Description
    Excellent location in prestigious Lakewood Village. Developers dream, rents are low and property is under utilized with lot size of about 8,815 square feet. one 2-bedroom unit was added about 1955 and one 3-bedroom unit was added about 1965. owner lives in the back 3- bedroom apartment which has direct access to to the garage, has laundry hookups in its unit and has own back yard. Close to Lakewood Center Mall and Long Beach City College with many schools near by. close to FWY 91 on North; FWY 405 on South; FWY 710 on the West and FWY 605 on the East. Analysis is based on Pro Forma rents.
    Exterior Features

    Lot Features Street Level Number Of Separate Electric Meters 5 Parking Features Door-SingleGarageGarage Faces Rear Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 1 Common Wall

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.7 Common Interest Community Apartment Community Features Curbs Garage YN Yes Gross Income 103476 Gross Scheduled Income 103476 Insurance Expense 3714 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Maintenance Expense 4988 Net Operating Income 78593 New Construction YN No New Taxes Expense 16000 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 29289 Other Expense 1400 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 8371 Trash Expense 0 Water Sewer Expense 1622 Water Source Public Zoning Lbr34

    Listing provided courtesy of Fred Lavi of Lavi & Associates


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T20:34:01.337. 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 deemed reliable but is not guaranteed accurate by the MLS or CENTURY 21 Jordan-Link & Co.. Licensed in the State of California, USA.
     
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