1244 E 4th Street, Long Beach, CA 90802

About this property

1244 E. 4th Street is a 14-unit apartment asset in vibrant Retro Row neighborhood of Long Beach. The property is offered at 11.36 GRM and 5.78% Cap Rate on current rents. The property is comprised of (2) three- bedroom units; (3) two-bedroom units and (9) one-bedroom units. Thirteen of the 14 units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers. Double-paned windows are featured throughout the building, and (6) garages onsite provide the opportunity for garage income or the potential for additional rental income through conversion to ADUs. The property is located in prime Retro Row, walking distance from shopping, dining and nightlife amenities.

Listing description from the October 2024 sale, as reported to CRMLS.

Sale history

$3,450,000

Sold October 2024 · listed $3,495,000, orig. $3,895,000, on market October 2023 · MLS #PW23183807 · Source: CRMLS

Listing Agent: Robert Stepp · Listing Office: Keller Williams - Santa Monica · Contact: 310-463-2916 · Bought with: Christian Tait · Marcus & Millichap

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