PRICED TO SELL. 8 units on the Eastside of Long Beach in Belmont Heights – heavily remodeled in 2019 – over $400K in CAP EX spent. 11.4 GRM And 5.8% CAP against in-place rents. Excellent unit mix for the area with 1 and 2-bedroom units. 5 parking spaces in the rear (3 garages and 2 open). All units had new kitchens, baths, flooring, etc. in 2019. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). Exterior was updated in 2019 as well – new paint, windows, landscaping, lighting, etc. Put 30% Down. Excellent financing available for qualified Buyers – 5.25% 5-year fixed, fully amortized. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Property Details
Price:
$2,349,000
MLS #:
25497543
Status:
Active
Baths:
0
Address:
4308 E 4th Street
Type:
Residential Income
Neighborhood:
2belmontheightsalamitosheights
City:
Long Beach
Listed Date:
Feb 12, 2025
State:
CA
ZIP:
90814
Lot Size:
6,751 sqft / 0.16 acres (approx)
Year Built:
1953
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
Assigned
Parking Spots
3.00
Stories Total
2
Financial
Map
Community
- Address4308 E 4th Street Long Beach CA
- Area2 – Belmont Heights, Alamitos Heights
- CityLong Beach
- CountyLos Angeles
- Zip Code90814
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4308 E 4th Street
Long Beach, CA
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