1545 E 4th St - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$1,645,000 USD
949-500-5099
1545 E 4th St, Long Beach, CA for Sale
$1,645,000 USD
Apartments - FOR SALE
1/19
null | 5.66% Cap Rate

1545 E 4th St
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Prime Rental Location on Retro Row. About 1 Mile from Alamitos Beach
  • 5.7% CAP Rate on Current Rents; Projected 5.2% Cash on Cash Return
  • Beautifully Maintained Property; New Roof 2024
  • Upgraded Interiors
  • Walking Distance to Vintage Shops, Trendy Cafes & Cultural Attractions
  • Financing Available with as little as 25% Down

OVERVIEW

Located in the heart of Retro Row, just a mile from Alamitos Beach, this beautifully maintained multi-unit property offers a 5.7% CAP rate on current rents and projected 5.2% cash on cash return. The property features (4) one-bedroom/one-bathroom units and (1) three-bedroom/two-bathroom house, providing a versatile mix of rental options. Recent upgrades include a brand-new roof (2024) and modernized interiors, ensuring long-term value and tenant appeal. Situated within walking distance to vintage shops, trendy cafes, and cultural attractions, this prime location offers high demand and strong rental income potential. Don’t miss this exceptional investment opportunity.

FOR SALE DETAILS

PRICE

$1,645,000 USD

PRICE/SF

$345 USD /SF

# OF UNITS

5

PRICE/UNIT

$329,000

CAP RATE

5.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,347 SF

ZONING

LBCNR

APN/PARCEL ID

7266-018-026

ASK ABOUT THIS PROPERTY

Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

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Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.