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    3011 E 4th Street

    Long Beach, CA 90814
    • $2,500,000
    • STATUS: ACTIVE
    • ON SITE: 282 days
    • ID#: 302498063
    UPDATED: 66 min ago
    $2,500,000
    • 5
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Long Beach (90814)
    Type:
    Multi-Family
    Built:
    1963
    County:
    Los Angeles
    Area:
    Long Beach (90814)

    School Ratings & Info

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    Description

    3011 E. 4th Street is an 8-unit apartment building located in the heart of the popular 4th Street-Retro Row neighborhood of Long Beach. The asset provides a value-add opportunity with +/-18% rental upside potential. The property offers an attractive mix of (7) two-bedroom / one-bath units and (1) three-bedroom / two-bath unit. Three of the units have been fully renovated, with improvements that include quartz countertops, new hardwood flooring and new cabinets. Ample parking is available with four garages 3011 E. 4th Street is an 8-unit apartment building located in the heart of the popular 4th Street-Retro Row neighborhood of Long Beach. The asset provides a value-add opportunity with +/-18% rental upside potential. The property offers an attractive mix of (7) two-bedroom / one-bath units and (1) three-bedroom / two-bath unit. Three of the units have been fully renovated, with improvements that include quartz countertops, new hardwood flooring and new cabinets. Ample parking is available with four garages with tandem driveway spaces in front of building. The 4th Street-Retro Row neighborhood is in high rental demand because of its walkability to a plethora of dining and shopping amenities as well as its close proximity to East Village Arts District and Downtown Long Beach employment.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
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    3011 E 4th Street Long Beach, CA 90814

    • Price: $2,500,000
    • Status: ACTIVE
    • Updated: 66 min ago
    • ID#: 302498063
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1963
    Built
    Neighborhood:
    Long Beach (90814)
    County:
    Los Angeles
    Area:
    Long Beach (90814)
    Property Description
    3011 E. 4th Street is an 8-unit apartment building located in the heart of the popular 4th Street-Retro Row neighborhood of Long Beach. The asset provides a value-add opportunity with +/-18% rental upside potential. The property offers an attractive mix of (7) two-bedroom / one-bath units and (1) three-bedroom / two-bath unit. Three of the units have been fully renovated, with improvements that include quartz countertops, new hardwood flooring and new cabinets. Ample parking is available with four garages 3011 E. 4th Street is an 8-unit apartment building located in the heart of the popular 4th Street-Retro Row neighborhood of Long Beach. The asset provides a value-add opportunity with +/-18% rental upside potential. The property offers an attractive mix of (7) two-bedroom / one-bath units and (1) three-bedroom / two-bath unit. Three of the units have been fully renovated, with improvements that include quartz countertops, new hardwood flooring and new cabinets. Ample parking is available with four garages with tandem driveway spaces in front of building. The 4th Street-Retro Row neighborhood is in high rental demand because of its walkability to a plethora of dining and shopping amenities as well as its close proximity to East Village Arts District and Downtown Long Beach employment.
    Exterior Features

    Pool N/K

    Interior Features

    Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 2

    Property Features

    Annual Expense Actual 53322 Buildings 1 Gross Scheduled Income Actual 171230 Terms CashExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1641.0 Unit2 Rent Actual 2150.0 Zoning Assessor

    Listing provided courtesy of Keller Williams - Santa Monica. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    The Legacy Real Estate Team
    10620 Treena St, Suite 230
    San Diego CA, 92131