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$ 7,995,000
Est. payment /mo
New
1827 E 4th ST Long Beach, CA 90802
8,768 Sqft Lot
UPDATED:
03/04/2025 10:56 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25047558
HOA Y/N No
Year Built 1928
Lot Size 8,768 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
Area 699 - Not Defined
Zoning LBCNR
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description Irregular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7266026036
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Christopher Walker • Triqor Group • chris.walker@triqorgroup.com