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(310)918-5027
Real Estate Company
1244 E 4th Street, Long Beach, CA 90802
- $3,450,000
- Sold Price
- $3,450,000
- List Price
- $3,495,000
- Closing Date
- Oct 08, 2024
- Status
- CLOSED
- MLS#
- PW23183807
- Year Built
- 1962
- Lot Size
- 8,946
- Acres
- 0.21
- Lot Location
- 11-15 Units/Acre
- Days on Market
- 181
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
- Neighborhood
- Alamitos Beach (Ab)
Property Description
1244 E. 4th Street is a 14-unit apartment asset in vibrant Retro Row neighborhood of Long Beach. The property is offered at 11.36 GRM and 5.78% Cap Rate on current rents. The property is comprised of (2) three- bedroom units; (3) two-bedroom units and (9) one-bedroom units. Thirteen of the 14 units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers. Double-paned windows are featured throughout the building, and (6) garages onsite provide the opportunity for garage income or the potential for additional rental income through conversion to ADUs. The property is located in prime Retro Row, walking distance from shopping, dining and nightlife amenities.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 14
- Gross Scheduled Income
- $307,600
- Operating Expense
- 96238
Listing courtesy of Listing Agent: Robert Stepp (rstepp@steppcommercial.com) from Listing Office: Keller Williams - Santa Monica.
Listing sold by Christian Tait from Marcus & Millichap
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.