We are pleased to present the 4th Street Property' an enticing investment opportunity in Long Beach’s 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 property’s prime location in Retro Row, and it’s 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 Beach’s most dynamic and desirable areas.
Property Details
Price:
$7,995,000
MLS #:
PW25047558
Status:
Active
Baths:
0
Address:
1827 E 4th Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
699notdefined
City:
Long Beach
Listed Date:
Mar 4, 2025
State:
CA
ZIP:
90802
Lot Size:
8,767 sqft / 0.20 acres (approx)
Year Built:
1928
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Schools
Interior
Exterior
Community Features
Sidewalks
Garage Spaces
8.00
Lot Features
Irregular Lot
Parking Spots
8.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address1827 E 4th Street Long Beach CA
- Area699 – Not Defined
- CityLong Beach
- CountyLos Angeles
- Zip Code90802
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1827 E 4th Street
Long Beach, CA
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