Under Contract
1244 E 4th Street
Long Beach CA, 90802
$3,495,000
$357.91 per sqft
Under Contract
9,765 sqft
Multi-family
Built in 1962
Listed by Robert Stepp with Keller Williams - Santa Monica 310-482-2200
1244 E. 4th Street is a 14-unit apartment asset in vibrant Retro Row neighborhood of Long Beach. The property is offered at 11.36 GRM and 5.78% Cap Rate on current rents. The property is comprised of (2) three- bedroom units; (3) two-bedroom units and (9) one-bedroom units. Thirteen of the 14 units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers. Double-paned windows are featured throughout the building, and (6) garages onsite provide the opportunity for garage income or the potential for additional rental income through conversion to ADUs.
The property is located in prime Retro Row, walking distance from shopping, dining and nightlife amenities.
PW23183807
MLSⓇ ID
October 2, 2023
Listed
April 2, 2024
Updated
Map
1244 E 4th Street
Long Beach CA, 90802
Interior Features
Total Stories
2
Laundry Description
Inside
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.21 Acres
Lot Features
11-15 Units/Acre
Sewer
Public Sewer
Other Property Details
Area Name
4 - Downtown Area, Alamitos Beach
Days on Market
182
Garage
Yes
Garage Spaces
6
Parking Total
6
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LBCNR
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
4/2/2024 | Under Contract | — |
3/28/2024 | Price Change | $3,495,000 -3% |
2/16/2024 | Price Change | $3,595,000 -2% |
11/6/2023 | Price Change | $3,650,000 -7% |
Listing Contact: 310-482-2200
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/2/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 4/2/2024 at 1:48 AM UTC