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1229 E 4th Street Long Beach, CA $ 3,000,000
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1229 E 4th Street
$ 3,000,000
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1229 E 4th Street

Long Beach, CA, 90802
$ 3,000,000
Bedrooms12 Baths1.0 Sq 7,442

Monthly Estimate*

$ 20,956

Listed by Marcus & Millichap
1229 E 4th Street, Long Beach, CA 90802 - Image 1
1229 E 4th Street, Long Beach, CA 90802 - Image 2
1229 E 4th Street, Long Beach, CA 90802 - Image 3
1229 E 4th Street, Long Beach, CA 90802 - Image 4
1229 E 4th Street, Long Beach, CA 90802 - Image 5
1229 E 4th Street, Long Beach, CA 90802 - Image 6
1229 E 4th Street, Long Beach, CA 90802 - Image 7
1229 E 4th Street, Long Beach, CA 90802 - Image 8
1229 E 4th Street, Long Beach, CA 90802 - Image 9
1229 E 4th Street, Long Beach, CA 90802 - Image 10

Multi-Family Home for sale in Long Beach, CA

for $3,000,000 with 12 bedrooms and 1 full bath. This 7,442 square foot home was built in 1936 on a lot size of 0.15.

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.

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Multi-Family Active

Price

$ 3,000,000

Bedrooms

12

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.15

Year Built

1936

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW24077326

Days on Market

26
Features
General
Sewer PublicSewer
Zoning LBR3T
Garage Spaces 7.0
Pool Features None
Year Built 1936
Stories 2
Levels Two
Property SubType Apartment
Gross Income 137994.0
Community Features Curbs Sidewalks
Additional Parcels Description 7266-014-017
County Los Angeles
Net Operating Income 137994.0
Operating Expense 78039.0
Insurance Expense 2638.0
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 4th St & Orange Ave
City Long Beach
Entry Location Side
View Y/N N
Senior Community Y/N Y
Total Units 12
MLS Area 4 - Downtown Area Alamitos Beach
Lot Size Square Feet 6534.0
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 2750.0
Home Warranty Y/N N
Fuel Expense 2750.0
Trash Expense 2750.0
Water Sewer Expense 2750.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 0
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 5
Total Actual Rent 18276.0
Property Sub Type Additional Apartment
Taxes 37500.0
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Exterior
Lot Features Item1115UnitsAcre
Water Source Public
Total Parking 7.0
Lot Size Area 6534.0
Number of Buildings 2
Spa N
Building Area Total 7442.0
Lot Size Acres 0.15
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 13
Number of Separate Electric Meters 13
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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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 None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 1229
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* Excluded Features
List By
Marcus & Millichap

Broker

(562) 257-1200

Phone

Affordability Calculator

$20,956
Per Month
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Monthly Principal & Interest
$20,956
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/18/2024$3,000,000 Listed Price

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1229 E 4th Street, Long Beach, CA, 90802 is a Multi-Family Home for sale at $3,000,000 with 7,442 sqft and a lot size of 0.15. 1229 E 4th Street has 12 bedrooms, 1.0 baths, and was built in 1936. The property's zip code is 90802 which is in Long Beach, CA

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