1244 E 4th Street Long Beach, CA ^$ 3,495,000

1244 E 4th Street

^$ 3,495,000

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1244 E 4th Street

Long Beach, CA, 90802

^$ 3,495,000

Bedrooms21 Baths6.0 Sq 9,765

Monthly Estimate*

^$ 23,229

Listed by Keller Williams - Santa Monica

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Multi-Family Home for sale in Long Beach, CA

for $3,495,000 with 21 bedrooms and 6 full baths. This 9,765 square foot home was built in 1962 on a lot size of 0.2054.

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.

Multi-Family Pending

Price

^$ 3,495,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.2054

Year Built

1962

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW23183807

Days on Market

236

Features

General

Sewer PublicSewer

Zoning LBCNR

Garage Spaces 6.0

Pool Features None

Year Built 1962

Stories 2

Levels Two

Property SubType MixedUse

Gross Income 298372.0

Community Features Sidewalks

County Los Angeles

Net Operating Income 202134.0

Operating Expense 96238.0

Insurance Expense 8000.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Alamitos Beach (AB)

Garage Y/N Y

Special Listing Conditions Standard

Status Pending

Directions Orange Ave & E 4th St

City Long Beach

Entry Location 1

View Y/N N

Senior Community Y/N N

Total Units 14

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Square Feet 8946.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 4th

Listing Terms Cash CashtoNewLoan Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 2456.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 7116.0

Water Sewer Expense 3056.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 182

Building Area Units SquareFeet

Standard Status Pending

Year Built Source Assessor

Tax Lot 11

Property Sub Type Additional MixedUse

Taxes 43591.0

Cap Rate 5.78

Exterior

Lot Features Item1115UnitsAcre

Water Source Public

Total Parking 6.0

Lot Size Area 8946.0

Number of Buildings 2

Spa N

Building Area Total 9765.0

Lot Size Acres 0.2054

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 14

Number of Separate Electric Meters 14

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features Inside

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1244

* Excluded Features

List By

Keller Williams - Santa Monica

Broker

(310) 774-3740

Phone

Affordability Calculator

$23,229

Per Month

Monthly Principal & Interest: $23,229
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,061,744

Percent of Sale Price 41%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/28/2024	$3,495,000	-2.78%	Price Down
2/15/2024	$3,595,000	-1.51%	Price Down
11/7/2023	$3,650,000	-6.29%	Price Down
10/3/2023	$3,895,000		Listed Price

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1244 E 4th Street, Long Beach, CA, 90802 is a Multi-Family Home for sale at $3,495,000 with 9,765 sqft and a lot size of 0.2054. 1244 E 4th Street has 21 bedrooms, 6.0 baths, and was built in 1962. The property's zip code is 90802 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/24/2024. 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.

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1244 E 4th Street

Multi-Family Home for sale in Long Beach, CA

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