REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 7,995,000
Est. payment | /mo
5 Beds
4 Baths
8,767 Sqft Lot
$ 7,995,000
Est. payment | /mo
5 Beds
4 Baths
8,767 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25047558
Bedrooms 5
HOA Y/N No
Lot Size 8,767 Sqft
Property Sub-Type Res Income 2-4 Units
Property 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.
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.
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.
Location
State CA
County Los Angeles
Area Long Beach (90802)
Zoning Public Rec
Building
Lot Description Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Acceptable Financing Conventional
Space Rent $2,075
Listing Terms Conventional
Listed by Christopher Walker • Triqor Group
GET MORE INFORMATION
Patrick Cohen
REALTOR® | Lic# 1936110