Listing provided courtesy of Kevin King of Marcus & Millichap. Last updated 2024-05-03 08:11:21.000000. Listing information © 2023 CRMLS.
Asking Price: $3,500,000
1045 4th, Long Beach CA 90802
Community: 4 - Downtown Area, Alamitos Beach
Status: Active
This Apartment property was built in 1922 and is priced at $3,500,000. Please see the additional details below.
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.