1229 E 4th Street, Long Beach, CA 90802
Property
Sold August 2024
Listing Agent: Kevin King (DRE #01158184) · Listing Office: Marcus & Millichap · Contact: kking@marcusmillichap.com · Bought with: General NONMEMBER · NONMEMBER MRML · MLS #PW24077326 · Source: CRMLS
About this property
We are pleased to present a 12 unit apartment building located at 1229 - 1231 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 6 parcels for a total of 7,442 rentable square feet spread throughout a 6,745 square foot lot. It was built in 1936 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 7 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. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment.
Listing description from the August 2024 sale, as reported to CRMLS.
Sale history