1616 E 4th Street Long Beach, CA $ 1,900,000
1616 E 4th Street
$ 1,900,000
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1616 E 4th Street

Long Beach, CA, 90802
$ 1,900,000
Bedrooms6 Baths6.0 Sq 5,300

Monthly Estimate*

$ 13,272

Listed by Re/Max R. E. Specialists
1616 E 4th Street, Long Beach, CA 90802 - Image 1
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Multi-Family Home for sale in Long Beach, CA

for $1,900,000 with 6 bedrooms and 6 full baths. This 5,300 square foot home was built in 1929 on a lot size of 0.1546.

Fantastic Investment Opportunity! Located in the trendy and hip Retro Row neighborhood of Long Beach! 4) very spacious 1 bedroom units with classic art deco features, including classic mock-fireplaces in all of the livingrooms. Lovely archways between the Living and Dining rooms. Hardwood flooring custom built-ins and high ceilings, Plus extra closet space. The kitchens have gorgeous art deco tile back splashes and some with granite counters and breakfast nooks. The baths have custom 20's style flooring. All 4 of these units come with their own private garage. The back building has 2) 1 bedroom units over the 4 garages, also with classic art deco features, built-ins and hardwood floors. There is a very large outdoor lawn with a patio between the two buildings, which creates a great community outdoor space for the occupants. All interior photos were previously taken by the owners of the property. Mostly long term tenants so there is definately an upside to the rental income. Just 4 blocks to the beach, and walking distance to award winning restaurants, amazing boutiques, art galleries and antique shops. The seller will entertain carrying the First Trust Deed!

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Multi-Family Active

Price

$ 1,900,000

Bedrooms

6

Full Bath

6

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.1546

Year Built

1929

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW24002716

Days on Market

131

Features
General
Sewer PublicSewer
Heating WallFurnace
Cooling None
Zoning LBCNR
Garage Spaces 4.0
Pool Features None
Year Built 1929
Tenant Pays Electricity Gas
View Neighborhood
Property SubType Apartment
Gross Income 130380.0
Community Features Biking Sidewalks Urban
County Los Angeles
Net Operating Income 103623.0
Operating Expense 26757.0
Insurance Expense 7785.0
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 Active
Directions Between Cherry and Walnut on the south side of 4th
City Long Beach
Entry Location front
View Y/N Y
Senior Community Y/N N
Total Units 6
MLS Area 4 - Downtown Area Alamitos Beach
Lot Size Square Feet 6733.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 6
Street Name 4th
Listing Terms Cash CashtoNewLoan
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 500.0
Home Warranty Y/N N
Fuel Expense 400.0
Trash Expense 300.0
Water Sewer Expense 316.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 61
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 3
Total Actual Rent 10865.0
Property Sub Type Additional Apartment
Taxes 22420.0
Cap Rate 4.27
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Interior
Flooring Carpet Tile Vinyl Wood
Fireplace Features LivingRoom SeeRemarks
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N Y
Street Suffix Street
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Exterior
Parking Features Covered Garage
Lot Features Item01UnitAcre
Water Source Public
Total Parking 4.0
Lot Size Area 6733.0
Number of Buildings 2
Spa N
Building Area Total 5300.0
Lot Size Acres 0.1546
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 5
Number of Separate Electric Meters 6
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1616
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* Excluded Features
List By
Re/Max R. E. Specialists

Broker

(562) 884-3930

Phone

Affordability Calculator

$13,272
Per Month
100%
0%
0%
Monthly Principal & Interest
$13,272
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% 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
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/2/2024$1,900,000 -4.76% Price Down
1/25/2024$1,995,000 -5.00% Price Down
1/6/2024$2,100,000 Listed Price

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1616 E 4th Street, Long Beach, CA, 90802 is a Multi-Family Home for sale at $1,900,000 with 5,300 sqft and a lot size of 0.1546. 1616 E 4th Street has 6 bedrooms, 6.0 baths, and was built in 1929. The property's zip code is 90802 which is in Long Beach, CA