17
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$7,995,000
Est. payment /mo
Active
1827 E 4th ST Long Beach, CA 90802
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25047558
Originating Board California Regional MLS
Year Built 1928
Lot Size 8,767 Sqft
Property Description
We are pleased to present the 4th Street Property; an enticing investment opportunity in Long Beach's Retro Row, a thriving and popular neighborhood. This fully stabilized, 19-unit, turnkey 1920s building combines historic charm with modern amenities, featuring eight new tandem garage parking spots and a luxurious 2-bedroom penthouse unit. With upgraded plumbing, electrical, mechanical systems, and a new roof, maintenance concerns are minimized. The property's prime location in Retro Row, and it's desirable amenities including 9-foot ceilings, new stainless steel appliances, and an in-unit washer and dryer, ensures strong tenant demand and potential for rental income growth. Offering a 5.3% CAP rate and a 13.53 GRM, the 4th Street Property stands out as a promising investment in one of Long Beach's most dynamic and desirable areas.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry None
Exterior
Garage Spaces 8.0
Pool None
Building
Lot Description Irregular
Water District - Public
Others
Tax ID 7266026036
Special Listing Condition Not Applicable
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Listed by Christopher Walker • Triqor Group