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Sherry Ramos

sherry.ramos@engelvoelkers.com +1(818) 429-2793

$ 2,995,000

Est. payment -/mo

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Pending

1045 E 4th ST Long Beach, CA 90802

8,720 SqFt

UPDATED:

10/03/2024 11:47 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 8,720 sqft

Price per Sqft $343

Subdivision Alamitos Beach (Ab)

MLS Listing ID PW24077362

HOA Y/N No

Year Built 1922

Lot Size 0.275 Acres

Property Description

We are pleased to present a 14 unit apartment building located at 1045 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 of 8,720 rentable square feet spread throughout a 11,980 square foot lot. It was built in 1922 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 5 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.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBCNR

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 5

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7266009023

Energy Description 2125.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Kevin King • Marcus & Millichap • kking@marcusmillichap.com

Sherry Ramos

Advisor | License ID: 01271018

+1(818) 429-2793

Sherry Ramos

1045 E 4th ST Long Beach, CA 90802

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1045 E 4th ST