ACTIVE
1229 E 4th Street
Long Beach CA, 90802
$3,000,000
ACTIVE
1 Bed
Multi-family
We are pleased to present a 12 unit apartment building located at 1229 - 1231 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 6 parcels for a total of 7,442 rentable square feet spread throughout a 6,745 square foot lot. It was built in 1936 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 7 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. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment.
PW24077326
MLSⓇ ID
April 18, 2024
Listed
May 16, 2024
Updated
Map
1229 E 4th Street
Long Beach CA, 90802
Interior Features
Total Stories
2
Bedrooms
1
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.15 Acres
Lot Features
Curbs, Sidewalks
Other Property Details
Days on Market
27
Garage
No
View
No
County
Los Angeles
Pool
No
Pool Features
None
Zoning
Assessor
Buyer Agency Compensation
2%
Listed by Marcus & Millichap, Kevin King,
Listing Contact: 000-0000
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Data last updated 4:07 AM UTC, 5/16/2024
