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Property Description

We are pleased to present a 14 unit apartment building located at 1045 E. 4th Street in Long Beach, California. This is a value-add opportunity in a great location of Alamitos Beach. The subject property is close to 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists of 8,720 rentable square feet spread throughout a 11,980 square foot lot. It was built in 1922 and consists of all one bedroom / one bathroom units. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 5 garages which are generating income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores.

Features
2
1
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: Curbs, Sidewalks
Additional Information
Marcus & Millichap
0
PKEVKING
PB12429
Kevin
7266009023
: Standard
5
Two
35

Multi-Family For Sale

1045 4th Street, Long Beach, California 90802

8,720 Sqft
$3,500,000
Listing ID #PW24077362
Basic Details
Status : Active
DaysOnMarket : 0
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : PW24077362
Price : $3,500,000
Living Area : 8,720 Sqft
Lot Size : 11,980 Sqft
Year Built : 1922
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90802
Price Per Square Foot : $401
Subdivision : Alamitos Beach (AB)
ModificationTimestamp : 2024-04-18 09:59:55
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