Address
1827 E 4th Street Long Beach, CA
Price
$ 4,000,000
Property Attributes
  • MLS#PW20149273
  • TypeIncome
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaDowntown Area - Alamitos Beach
  • NeighborhoodAlamitos Beach
  • Zip90802
  • Style
  • Price$ 4,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage11088
  • Lot Size8,764 SqFt
Listing Provided Courtesy Of:
Robert Stepp with Keller Williams - Santa Monica.
Property Description

827 E. 4th Street is a seventeen-unit investment asset located on 4th Street / Retro Row, one of the most popular rental markets in Long Beach. A new owner has the opportunity to realize ±34% rental upside potential by renovating the remaining units and bringing in-place rents to market rate. VALUE ADD OPPORTUNITY: The property offers (12) studio units, (4) one-bedroom / one-bath units and (1) penthouse two-bedroom unit with wood beam vaulted ceilings and fireplace. The building features all the charm and character of a 1920's vintage property with hardwood floors, built-ins, casement windows and interior french doors. Two of the of the units have been renovated with modernized kitchens and baths, including stone countertops, custom tile, custom cabinetry and new vanities. HIGHLY SOUGHT-AFTER RENTAL MARKET: The 4th Street / Retro Row neighborhood is one of the most desirable rental markets in Long Beach because of its walkability to a plethora of amenities - the subject property has a Walk Score of 93. Additionally, this neighborhood is minutes to the beach and bike path at Alamitos Beach, as well as trendy cafes, restaurants and boutiques in East Village Arts District and employment opportunities in Downtown Long Beach.

Price History
7/27/2020 Listed $4,000,000

General Features

Attached Structure Attached
Community Features Urban
Directions E 4th St & Cherry Ave
Garage Spaces 0.00
Levels Two
Listagentaor Pacific West
Listing Agent Robert Stepp - BRE#01456379
Listing Agent State License 01456379
MLS Area 4 - Downtown Area, Alamitos Beach
Parking Features Asphalt
Pool Features None
Price Per Square Foot 360.75
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Subdivision Name Alamitos Beach (AB)
Subdivision Name Alamitos Beach (AB)
Total Units 17
Zoning LBCNR

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Laundry Features Common Area
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 11088.00
Lot Features 16-20 Units/Acre
Lot Size Acres 0.2012
Lot Size Area 8765.0000
Lot Size Source Assessor
Lot Size Square Feet 8765.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 17
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Parking Y/N Yes
Total Parking 8.00
Uncovered Spaces 8.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90802

Price
AVG $2.1M
$4M
Visits
AVG 92
117
Year Built
AVG 1923
1928

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