Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    1827 4th Street, Long Beach, CA 90802
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    1827 4th Street
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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
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      We 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.
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    Features
    Building Area Total
    1. 12658.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Country
    1. US
    Days On Market
    1. 26
    Garage Spaces
    1. 8.00
    Insurance Expense
    1. 0.00
    Laundry Features
    1. None
    Levels
    1. Two
    Lot Features
    1. Irregular Lot
    Netoperatingincome
    1. 420855.00
    Number Of Separate Electric Meters
    1. 19
    Number Of Separate Gas Meters
    1. 19
    Parcel Number
    1. 7266026036
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Apartment
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 433401220:CRM
    Totalexpenses
    1. 152415.00
    Trash Expense
    1. 0.00
    Water Sewer Expense
    1. 0.00
    Water Source
    1. Public
    Year Built
    1. 1928
    Year Built Source
    1. Public Records
    Zoning
    1. LBCNR
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836