1917 E 4th new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90802
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW25236303
Year Built 1923
Lot Size 0.285 Acres
Property Sub-Type Mixed Use
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 and long-term value in one of the city's most dynamic submarkets.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Laundry Common Area
Exterior
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Sidewalks
Building
Lot Description 16-20 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,1031 Exchange
Listing Terms Cash,Cash to New Loan,1031 Exchange
Special Listing Condition Standard