1827 4th Street, Long Beach, CA 90802
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- MLS#: PW25047558 ( Apartment )
- Street Address: 1827 4th Street
- Viewed: 4
- Price: $7,995,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1928
- Bldg sqft: 0
- Days On Market: 28
- Additional Information
- County: LOS ANGELES
- City: Long Beach
- Zipcode: 90802
- Provided by: Triqor Group
- Contact: Christopher Christopher
- DMCA Notice
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DescriptionWe are pleased to present the 4th Street Property; an enticing investment opportunity in Long Beachs 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 propertys prime location in Retro Row, and its 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 Beachs most dynamic and desirable areas.
Property Location and Similar Properties
Features
Building Area Total
- 12658.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Country
- US
Days On Market
- 26
Garage Spaces
- 8.00
Insurance Expense
- 0.00
Laundry Features
- None
Levels
- Two
Lot Features
- Irregular Lot
Netoperatingincome
- 420855.00
Number Of Separate Electric Meters
- 19
Number Of Separate Gas Meters
- 19
Parcel Number
- 7266026036
Pool Features
- None
Professionalmanagementexpense
- 0.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 433401220:CRM
Totalexpenses
- 152415.00
Trash Expense
- 0.00
Water Sewer Expense
- 0.00
Water Source
- Public
Year Built
- 1928
Year Built Source
- Public Records
Zoning
- LBCNR