1045 E 4th Street Long Beach, CA ^$ 3,500,000

1045 E 4th Street

^$ 3,500,000

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1045 E 4th Street

Long Beach, CA, 90802

^$ 3,500,000

Bedrooms14 Baths1.0 Sq 8,720

Monthly Estimate*

^$ 24,449

Listed by Marcus & Millichap

1045 E 4th Street, Long Beach, CA 90802 - Image 1

1045 E 4th Street, Long Beach, CA 90802 - Image 2

1045 E 4th Street, Long Beach, CA 90802 - Image 3

1045 E 4th Street, Long Beach, CA 90802 - Image 4

1045 E 4th Street, Long Beach, CA 90802 - Image 5

1045 E 4th Street, Long Beach, CA 90802 - Image 6

1045 E 4th Street, Long Beach, CA 90802 - Image 7

1045 E 4th Street, Long Beach, CA 90802 - Image 8

1045 E 4th Street, Long Beach, CA 90802 - Image 9

1045 E 4th Street, Long Beach, CA 90802 - Image 10

1045 E 4th Street, Long Beach, CA 90802 - Image 11

1045 E 4th Street, Long Beach, CA 90802 - Image 12

Multi-Family Home for sale in Long Beach, CA

for $3,500,000 with 14 bedrooms and 1 full bath. This 8,720 square foot home was built in 1922 on a lot size of 0.275.

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.

Multi-Family Active

Price

^$ 3,500,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.275

Year Built

1922

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW24077362

Days on Market

Features

General

Sewer PublicSewer

Zoning LBCNR

Garage Spaces 5.0

Pool Features None

Year Built 1922

Stories 2

Levels Two

Property SubType Apartment

Gross Income 173891.0

Community Features Curbs Sidewalks

County Los Angeles

Net Operating Income 173891.0

Operating Expense 88788.0

Insurance Expense 5287.0

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 Street & Bonito Ave

City Long Beach

Entry Location front

View Y/N N

Senior Community Y/N N

Total Units 14

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Square Feet 11980.0

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 2125.0

Home Warranty Y/N N

Fuel Expense 2125.0

Trash Expense 2125.0

Water Sewer Expense 2125.0

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 9

Property Sub Type Additional Apartment

Taxes 43750.0

Exterior

Lot Features Item1115UnitsAcre

Water Source Public

Total Parking 5.0

Lot Size Area 11980.0

Number of Buildings 1

Spa N

Building Area Total 8720.0

Lot Size Acres 0.275

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 15

Number of Separate Electric Meters 15

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 None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1045

* Excluded Features

List By

Marcus & Millichap

Broker

(562) 257-1200

Phone

Affordability Calculator

$24,449

Per Month

Monthly Principal & Interest: $24,449
Monthly Property Taxes: --
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

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,090,646

Percent of Sale Price 40%

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
4/18/2024	$3,500,000		Listed Price

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1045 E 4th Street, Long Beach, CA, 90802 is a Multi-Family Home for sale at $3,500,000 with 8,720 sqft and a lot size of 0.275. 1045 E 4th Street has 14 bedrooms, 1.0 baths, and was built in 1922. 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 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.

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 5/14/2024. 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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1045 E 4th Street

Multi-Family Home for sale in Long Beach, CA

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