Listed by Robert Stepp • Keller Williams Realty Downey
$3,900,000
Est. payment /mo
10,171 SqFt
New
1917 E 4th Long Beach, CA 90802
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,171 sqft
Price per Sqft $383
MLS Listing ID CRPW25236303
HOA Y/N No
Year Built 1923
Lot Size 0.285 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
1917 E. 4th Street is an 18-unit apartment building located in the heart of Long Beach's highly sought-after 4th Street / Retro Row district. This property offers investors the opportunity to acquire a well-positioned asset in a supply-constrained rental market at an attractive 9.55 GRM on current rents. The building offers an attractive mix of studio, one-, two-, and three- bedroom units. On-site laundry and parking, generate additional income streams. Recent capital improvements include new electrical subpanels and new windows installed throughout the building within the past seven years. The property includes 7 parking garages and one surface space in a neighborhood where parking is often limited. Recognized in publications such as The New York Times, Sunset Magazine, and The New Yorker, 4th Street / Retro Row is a vibrant, pedestrian- and bike-friendly corridor, home to 40+ independent merchants. The area is celebrated for its eclectic mix of vintage and contemporary clothing, furniture, accessories, art, antiques, and collectibles, as well as a diverse range of acclaimed restaurants, cafés, wine bars. With its prime location, strong rental fundamentals, and recent upgrades, 1917 E. 4th Street represents a compelling investment opportunity for buyers seeking stable income an
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Common Area
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