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Listed by Christopher Walker • Triqor Group
$ 7,995,000
Est. payment /mo
Active
1827 East 4th Street Long Beach, CA 90802
12,658 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 12,658 sqft
Price per Sqft $631
MLS Listing ID PW-25047558
Year Built 1928
Lot Size 8,767 Sqft
Property Sub-Type Apartment
Property Description
We are pleased to present the 4th Street Property; an enticing investment opportunity in Long Beach's Retro Row, a thriving and popular neighborhood. This fully stabilized, 19-unit, turnkey 1920s building combines historic charm with modern amenities, featuring eight new tandem garage parking spots and a luxurious 2-bedroom penthouse unit. With upgraded plumbing, electrical, mechanical systems, and a new roof, maintenance concerns are minimized. The property's prime location in Retro Row, and it's desirable amenities including 9-foot ceilings, new stainless steel appliances, and an in-unit washer and dryer, ensures strong tenant demand and potential for rental income growth. Offering a 5.3% CAP rate and a 13.53 GRM, the 4th Street Property stands out as a promising investment in one of Long Beach's most dynamic and desirable areas.
Location
State CA
County Los Angeles
Zoning LBCNR
Interior
Laundry None
Exterior
Parking Features Gated
Garage Spaces 8.0
Pool None
Community Features Sidewalks
Building
Lot Description Irregular Lot
Sewer Public Sewer