1631 E 4th St - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$2,200,000 USD
714-713-9086
1631 E 4th St, Long Beach, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/14
null | 5.6% Cap Rate

1631 E 4th St
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Unique Mix of Studio, One, & Two- Bedroom Floor Plans | A 670 SF Commercial Suite with Ample Frontage Along 4th Street
  • Gated Pedestrian Access & Security Doors | Surface Parking, Providing an Additional Revenue Stream
  • Two Units Feature In-Unit Laundry, with Machines Currently Provided by Ownership (Units 1633 & 1633.5)
  • Excellent Location in the North Alamitos Beach Neighborhood | Easy Access to Everyday Needs at Grocery Outlet & El Mercado
  • Blocks Away From the Retail, Dining, & Entertainment Options at Retro Row
  • Just Over 0.50 Miles from an Abundance of Outdoor Activities at Alamitos Beach

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1631 East 4th Street, featuring 8 multifamily units and a commercial suite located in the North Alamitos Beach neighborhood of Long Beach, CA. 1631 East 4th Street offers a unique mix of studio, one, and two-bedroom residential units behind a single-story commercial suite. The gated property features 3 buildings and offers four surface parking spaces in the rear of the property. Situated in a fantastic Long Beach location within the North Alamitos Beach neighborhood, 1631 East 4th Street is surrounded by an abundance of retail, dining, and entertainment options, as well as employers. The property is situated just blocks east of Retro Row, a collection of eclectic shops and restaurants, as well as 0.75 miles west of Downtown Long Beach, the city’s cultural and economic center. Additionally, residents enjoy the properties close proximity to an abundance of everyday needs at Grocery Outlet and El Mercado. Furthermore, 710 East 6th Street benefits from its location, providing easy access to a wide variety of local amenities including, The Pike Outlets, Long Beach Convention & Entertainment Center, Alamitos Beach, and more. In summary, 1631 East 4th Street’s fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$465 USD /SF

# OF UNITS

8

PRICE/UNIT

$275,000

CAP RATE

5.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1904

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,592 SF

ZONING

CN

APN/PARCEL ID

7266-019-026

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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