1545 E 4th St, Long Beach, CA, 90802
Property Details
7
2
multi family
Description
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.
Location
Address
1545 E 4th St, Long Beach, CA, 90802
City
Long Beach
Features and 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, Alamitos Beach, 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
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