4831 Clark Avenue, Long Beach CA, 90808

Sold

4831 Clark Avenue

Long Beach CA, 90808

$1,350,000

$581.90 per sqft

Sold

4 Beds

4 Baths

2,320 sqft

Residential

Built in 1944

Listed by John McCann with Lyon Stahl Investment Real Estate, Inc. 310-425-9838

4831 Clark Ave is a 4-unit building that is situated on an 8,848 Square foot lot. The subject property is composed of (4) 1-bedroom and 1-bath units (built 1944). Each 1-bedroom unit is approximately 600 square feet. There are (5) single-car garages located in the back of the property. Ownership has made substantial improvements including new landscaping, vinyl fences, exterior paint and two units have been fully updated. Electrical, plumbing, and roof are in great working condition. Gas & Electric are individually metered paid by the tenants and the owner pays for water and trash. This asset presents a unique opportunity to purchase a 4-unit building with 15% potential upside in rents in a premier location of Long Beach. There is also an opportunity for an investor to build (2) ADU's on the property to generate a significant amount of additional income.

22214271

MLSⓇ ID

November 1, 2022

Listed

March 23, 2024

Updated

Map

4831 Clark Avenue
Long Beach CA, 90808

Interior Features

Total Stories: 2
Bedrooms: 4 Beds
Bathrooms: 4 Baths
Appliances: Microwave, Refrigerator
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.2 Acres

Other Property Details

Area Name: 29 - Lakewood Village
Days on Market: 10
Garage: No
Parking Total: 8
View: No
County: Los Angeles
Pool: No
Zoning: LBR34
Buyer Agency Compensation: 2%

Listing Contact: 310-425-9838

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:34 AM UTC