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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 2,900,000

Est. payment | -/mo

1 Bed

1 Bath

6,534 Sqft Lot

Save

$ 2,900,000

Est. payment | -/mo

Save

1 Bed

1 Bath

6,534 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID PW24077326

Bedrooms 1

Lot Size 6,534 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

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.

Location

State CA

County Los Angeles

Zoning Assessor

Direction 4th St & Orange Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Restrictions Other/Remarks

Tax ID 7266014019

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

Listed by Kevin King, DRE#01158184 Marcus & Millichap

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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1229 E 4th Street Long Beach, CA 90802