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1427 4th , Long Beach, CA 90802
Priced at Only: $1,999,000
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Address: 1427 4th , Long Beach, CA 90802
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  • MLS#: SB26028039 ( Apartment )
  • Street Address: 1427 4th
  • Viewed: 1
  • Price: $1,999,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1929
  • Bldg sqft: 0
  • Days On Market: 42
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90802
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Olga Olga
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Prime Mixed Use Investment | Retro Row Long Beach*** 1427 E 4th St is a fully renovated property located in the heart of Long Beachs high traffic Retro Row. The 5,065 SF building consists of 2 street level retail units (leased to a popular Coffee Shop and an Upscale Healing Station on long term leases) and 4 residential units (2 one bedroom units and 2 studios), all fully upgraded and turnkey. Offered at the BEST PRICE PER SQ.FT. in the market, the property delivers a 6.60% Cap Rate with strong NOI and IMMEDIATE CASH FLOW. Retail benefits from consistent foot traffic and destination level visibility, while residential units perform well in a low vacancy rental market. Recent comprehensive renovations translate to minimal maintenance and solid upside through rent growth. Located in a corridor supported by ongoing Long Beach infrastructure and redevelopment investment, this asset offers stable income with long term appreciation.
Features
Building Area Total
  1. 5065.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Country
  1. US
Days On Market
  1. 33
Electric Expense
  1. 0.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 2.00
Insurance Expense
  1. 7598.00
Laundry Features
  1. Community
Lot Features
  1. Paved
Netoperatingincome
  1. 132005.00
Newtaxesexpense
  1. 24188.00
Parcel Number
  1. 7266018036
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 456179560:CRM
Totalexpenses
  1. 39685.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 4400.00
Water Source
  1. Public
Year Built
  1. 1929
Year Built Source
  1. Assessor
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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