For Sale
$7,995
87 Rivo Alto Canal, Long Beach, CA 90803
Studio
3 ba
Long Beach
Listed by Equity Brokers
For Sale
1 of 16
Photo 1
$1,649,000
1545 E 4th St, Long Beach, CA, 90802
1545 E 4th St, Long Beach, CA, 90802
7 beds
2 baths
multi family
About this home
Multi Family in Long Beach, CA - Bedrooms: 7 - Bathrooms: 2 - Area: 4770 sqft - Year Built: 1923 - Lot: 7353 sqft
Listing Agent: Jon Swire Brokerage: The Agency
Great opportunity for a 1031 investor. 5 units located blocks from Retro Row in Long Beach where all the hip restaurants and stores are. Also a short walk from the beach. NOT subject to local rent control, just AB 1482 (CPI + 5% annual increase). The property features a 3 bedroom single family home and a separate 4plex in the rear with 4 1bed/1bath units (2 units upstairs and 2 down). All units have washer dryers in them and have been heavily updated. The electrical was updated in 2017. There is garage and street parking available. This is an excellent property as a 1031 Upleg or for a new investor. EMAIL LISTING AGENT FOR MORE INFO INCLUDING AN OM.
Property facts
Property type
multi family
Bedrooms
7
Bathrooms
2
Year built
1923
Days on market
183 days
Features & amenities
Features & finishes
Bedrooms: 7
Total Bathrooms: 6
Full Bathrooms: 2
Heating Features: Wall
Lot Size Acres: 0.1688
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7351
Parking Features: Assigned
Parking Total: 5
Number of Buildings: 2
Number of Units: 5
Unit Type: Income
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Unit 1 Total Actual Rent: 3200
Unit 2 Total Actual Rent: 2050
Gross Income: 137000
Gross Scheduled Income: 132000
Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.3
Directions: 5 Units in Long Beach NOT subject to Rent Control.
Source Property Type: Residential Income
Area: Downtown Area
Alamitos Beach
Source Neighborhood: Downtown Area
Parcel Number: 7266-018-026
Postal Code Plus 4: 1806
Zoning: LBCNR
Net Operating Income: 88000
Operating Expense: 45000
Total Square Feet Living: 4770
Year Built: 1923
Levels: Tw
Location
Approximate location · exact address shared on inquiry
Similar homes nearby
For Sale
$2,100,000
221 Belmont Ave, Long Beach, CA 90803
Studio
Long Beach
Listed by Realty One Group West
For Sale
$3,100
1598 Long Beach Blvd Unit 212, Long Beach, CA 90813
Studio
3 ba
Long Beach
Listed by RE/MAX PREMIER/ARCADIA
For Sale
$825,000
837 E Luray Street, Long Beach, CA 90807
Studio
1 ba
Long Beach
Listed by eXp Realty of California Inc
For Sale
$1,100,000
1634 W Parade St, Long Beach, CA 90810
Studio
Long Beach
Listed by Urban Street Ventures, Inc
For Sale
$3,550
1598 Long Beach Blvd, Long Beach, CA 90813
Studio
3 ba
Long Beach
Listed by UNIVERSAL ELITE REALTY
For Sale
$265,000
100 Atlantic Ave Unit 711, Long Beach, CA 90802
Studio
1 ba
Long Beach
Listed by Y Realty
For Sale
$1,995
1513 E Ocean Avenue, Long Beach, CA 90802
Studio
1 ba
Long Beach
Listed by Win Newt Inc
Contact agent
TA
THE AGENCY
Contact this agent