Long Beach, CA 90802 1045 E 4th Street
$2,995,000
Pending
7 more
Presented By: Kevin King with Marcus & Millichap; [email protected]
Beds • 14
Baths • 1
SQFT • 8,720
Garage • 5
Home Details
We are pleased to present a 14 unit apartment building located at 1045 E. 4th Street in Long Beach, California. This is a value-add opportunity in a great location of Alamitos Beach. The subject property is close to 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists of 8,720 rentable square feet spread throughout a 11,980 square foot lot. It was built in 1922 and consists of all one bedroom / one bathroom units. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 5 garages which are generating income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores.
Presented By: Kevin King with Marcus & Millichap; [email protected]
Interior Features for 1045 E 4th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 1045 E 4th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Sidewalks
CountyLos Angeles
Days on Market168
Directions4th Street & Bonito Ave
Electric Expense2125.0
Electric On Property Y/NNo
Entry Locationfront
Fuel Expense2125.0
Garage Spaces5.0
Garage Y/NYes
Gross Income267569.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense14000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet11980.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MaintenanceExpense11900.0
MobileHomeRemainsYNNo
Net Operating Income176138.0
New ConstructionNo
NumberOfUnitsTotal14
Operating Expense91431.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Subdivision NameAlamitos Beach (AB)
Tax Lot9
Taxes$37,438
TermsCash, CashToNewLoan, Exchange1031
Trash Expense2125.0
View Y/NNo
Water Sewer Expense2125.0
Waterfront Y/NNo
Year Built1922
Year Built SourceAssessor
ZoningLBCNR
Exterior for 1045 E 4th Street
Building Area Total8720.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesElevenToFifteenUnitsAcre
Lot Size Acres0.275
Lot Size Area11980.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters15
Number of Separate Gas Meters15
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking5.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480