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SOLD 10/25/2021

4721 Clark Avenue, Long Beach, CA 90808$1,500,000

8
beds
6
baths
4264
ft2
· 8816
ft2 lot
$373 / ft2

Listing provided courtesy of Listing Broker: Fred Lavi, Lavi & Associates
Source CRMLS;
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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.

HOA

$0/month

On market

8 months

Year built

1944

Property type

Condo

Parking

5

MLS

PV21006658

Price / Sq.Ft.

$373 / ft2

Status

Closed

Home details for 4721 Clark Avenue

Interior Features & Layout
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 4264.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Garage Faces Rear, Garage - Single Door
•   
Garage Spaces: 5.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: LBR34
•   
Stories Total: 2
•   
Year Built Source: Estimated
Lot Info
•   
Lot Features: Level with Street, Lot 6500-9999
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.2024
•   
Lot Size Area: 8816.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 3
•   
Total Units: 5
Property Features
•   
Common Walls: 1 Common Wall
Property Type
•   
Common Interest: Community Apartment
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 5
•   
Number Of Separate Gas Meters: 5
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Operating Expense Percent: 24.00
•   
Gross Operating Income: 103476.00
•   
Water Sewer Expense: 1622.00
•   
Other Expense Description: taxes &
•   
Other Expense: 1400.00
•   
Laundry Income: 0.00
•   
Licenses Expense: 545.00
•   
Maintenance Expense: 4988.00
•   
Cap Rate: 4.70
•   
Total Actual Rent: 8371.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 16000.00
•   
Insurance Expense: 3714.00
•   
Professional Management Expense: 0.00
•   
Total Expenses: 29289.00
•   
Gross Scheduled Income: 103476.00
•   
Tax Block: H
•   
Operating Expense: 29289.00
•   
Gardener Expense: 1020.00
•   
Gross Multiplier: 15.40
Tax/Assessment Info
•   
Gross Income: 103476.00
•   
Tax Year: 2021
•   
Taxes: 2783.57
Lease Info
•   
Net Operating Income: 78593.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1200.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 1.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1200.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1850.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 1850.00
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 1
•   
Has Attached Garage
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 2800.00
•   
Unit 1 Total Rent: 2800.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1628.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1628.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 1.00
•   
Unit 4 Bedrooms: 1
Unit 5 Information
•   
Unit 5 Actual Rent: 1145.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 1145.00
•   
Unit 5 Garage Spaces: 1.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 1
Multi Unit Information
•   
# Of Units: 5
•   
Number Of Units Leased: 4
School Neighborhood & Directions
Location
•   
Other Subdivision Name: Lakewood Village (LKVL)
•   
Subdivision: Lakewood Village (LKVL)
•   
Community Features: Curbs
School Info
•   
Directions: Del Amo Blvd toward East, Right turn on Clark Ave.
Other
Calculation
•   
Dom: 240
•   
Cdom: 240

Neighborhood snapshot

26
Properties for sale
6.5
Median days on market
$579.44
Median sold price/sqft
102.30%
Sold/List %
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Property History for 4721 Clark Avenue

10/25/2021
10/25/2021
CRMLS #PV21006658
sold
CRMLS #PV21006658
$1,590,000
+7.83%
10/22/2021
10/22/2021
Public Record
sold
Public Record
$1,474,500
--7.26%
10/14/2021
10/14/2021
CRMLS #PV21006658
active
CRMLS #PV21006658
$1,590,000
09/18/2021
09/18/2021
CRMLS #PV21006658
pending
CRMLS #PV21006658
$1,590,000
07/10/2021
07/10/2021
CRMLS #PV21006658
active
CRMLS #PV21006658
$1,590,000
--2.75%
See more property history

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