$4,000,000 1827 E 4th Street Long Beach, CA

MLS: PW20149273   Type: Income   County: Los Angeles   City: Long Beach   Area: Downtown Area - Alamitos Beach   Neighborhood: Alamitos Beach   Zip: 90802     Stories: 2

Mortgage $18,779 /mo



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827 E. 4th Street is a seventeen-unit investment asset located on 4th Street / Retro Row, one of the most popular rental markets in Long Beach. A new owner has the opportunity to realize ±34% rental upside potential by renovating the remaining units and bringing in-place rents to market rate. VALUE ADD OPPORTUNITY: The property offers (12) studio units, (4) one-bedroom / one-bath units and (1) penthouse two-bedroom unit with wood beam vaulted ceilings and fireplace. The building features all the charm and character of a 1920's vintage property with hardwood floors, built-ins, casement windows and interior french doors. Two of the of the units have been renovated with modernized kitchens and baths, including stone countertops, custom tile, custom cabinetry and new vanities. HIGHLY SOUGHT-AFTER RENTAL MARKET: The 4th Street / Retro Row neighborhood is one of the most desirable rental markets in Long Beach because of its walkability to a plethora of amenities - the subject property has a Walk Score of 93. Additionally, this neighborhood is minutes to the beach and bike path at Alamitos Beach, as well as trendy cafes, restaurants and boutiques in East Village Arts District and employment opportunities in Downtown Long Beach.

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Price History

7/27/2020 Listed $4,000,000

Attached Structure Attached
Community Features Urban
Directions E 4th St & Cherry Ave
Garage Spaces 0.00
Levels Two
Listagentaor Pacific West
Listing Agent Robert Stepp - BRE#01456379
Listing Agent State License 01456379
MLS Area 4 - Downtown Area, Alamitos Beach
Parking Features Asphalt
Pool Features None
Price Per Square Foot 360.75
Private Pool No
Property Attached Y/N Yes
Senior Community Y/N No
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Subdivision Name Alamitos Beach (AB)
Subdivision Name Alamitos Beach (AB)
Total Units 17
Zoning LBCNR

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Laundry Features Common Area
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 11088.00
Land Lease Y/N No
Lot Features 16-20 Units/Acre
Lot Size Acres 0.2012
Lot Size Area 8765.0000
Lot Size Source Assessor
Lot Size Square Feet 8765.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 17
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Parking Y/N Yes
Total Parking 8.00
Uncovered Spaces 8.00
Water Source Public

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Property vs Zip Code Avg (90802)

Price 4.00M Avg 2.09M

Sqr Feet 11,088 Avg 4,287

Cost / Sqr Ft $361 Avg $489

Acres 0.2012 Avg 0.12

Visits 114 Avg 91

Days on Site 89 Avg 86

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Listing Provided Courtesy Of: Robert Stepp with Keller Williams - Santa Monica.

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J Valen RE Team

Los Angeles, CA