Thank you
Kevin King
Marcus & Millichap
562-257-1200
We are pleased to present a 12 unit apartment building located at 1229 - 1231 E. 4th Street in Long Beach, California. This is a value-add opportunity in a great location of Alamitos Beach. The subject property is close to 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists 6 parcels for a total of 7,442 rentable square feet spread throughout a 6,745 square foot lot. It was built in 1936 and consists of all one bedroom / one bathroom units. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 7 garages which are generating income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment.
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Water Source : Public
Sewer : Public Sewer
Year Built: 1936
Building Area Total: 7,442
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Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.15
Lot Size Source: Assessor
Lot Size Square Feet: 6534
Original List Price: 3,000,000
Listing Contract Date: 2024-04-18
Listing Agreement: Exclusive Right To Sell
Parcel Number: 7266014019
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 4 - Downtown Area, Alamitos Beach
Postal Code Plus 4: 1859
Directions: 4th St & Orange Ave
Zoning: LBR3T
Source Property Type: Residential Income
Area: 4 - Downtown Area, Alamitos Beach
Property SubType: Apartment
Property Age: 88
Common Walls: 2+ Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: Side
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
360 W Ocean Boulevard #.., Long Beach, CA,90802 | $479,000 | 1 | 1 | 777 | 7371 Sqft |
527 W 3rd Street, Long Beach, CA,90802 | $8,700,000 | -- | -- | 19,935 | 7525 Sqft |
140 Linden Avenue #962, Long Beach, CA,90802 | $475,000 | 1 | 1 | 539 | 33488 Sqft |
1030 E Ocean Boulevard .., Long Beach, CA,90802 | $885,000 | 3 | 2 | 1,250 | 21096 Sqft |
1000 E Ocean Boulevard .., Long Beach, CA,90802 | $959,000 | 3 | 2 | 1,592 | 37396 Sqft |
1026 1040 E Broadway, Long Beach, CA,90802 | $3,050,000 | -- | -- | 7,315 | 11213 Sqft |
135 Bonito Avenue #11, Long Beach, CA,90802 | $189,000 | -- | 1 | 342 | 4505 Sqft |
338 Cedar Avenue, Long Beach, CA,90802 | $4,500,000 | -- | -- | 10,150 | 7503 Sqft |
708 E Alta Way, Long Beach, CA,90802 | $799,900 | 2 | 1 | 688 | 1293 Sqft |
455 E Ocean Boulevard #.., Long Beach, CA,90802 | $359,900 | -- | 1 | 527 | 19946 Sqft |
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ByOwner last updated this listing 05/02/2024 @ 20:03
MLS: PW24077326
LISTED BY: Kevin King, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.