Skip To Content

1616 E 4th Street

Long Beach, CA 90802
  • $1,800,000
  • STATUS: Active Under Contract
  • ON SITE: 161 Days
  • ID#: PW24002716
Under Contract
UPDATED: 61 min ago
$1,800,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

Listing Agent(s): Cynthia Voss of Re/Max R. E. Specialists (562-493-3004) and Nathan Walter of Re/Max R. E. Specialists(562-493-3004)


Description

Fantastic Investment Opportunity! Located in the trendy and hip Retro Row neighborhood of Long Beach! 4) very spacious 1 bedroom units with classic art deco features, including classic mock-fireplaces in all of the livingrooms. Lovely archways between the Living and Dining rooms. Hardwood flooring custom built-ins and high ceilings, Plus extra closet space. The kitchens have gorgeous art deco tile back splashes and some with granite counters and breakfast nooks. The baths have custom 20's style flooring. All 4 of these units come with their own private garage. The back building has 2) 1 bedroom units over the 4 garages, also with classic art deco features, built-ins and hardwood floors. There is a very large outdoor lawn with a patio between the two buildings, which creates a great community outdoor space for the occupants. All interior photos were previously taken by the owners of the property. Mostly long term tenants so there is definately an upside to the rental income. Just 4 blocks to the beach, and walking distance to award winning restaurants, amazing boutiques, art galleries and antique shops. The seller will entertain carrying the First Trust Deed!

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-15T09:34:21.01. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/146425456
Print Image

1616 E 4th Street Long Beach, CA 90802

  • Price: $1,800,000
  • Status: Active Under Contract
  • On Site: 161 Days
  • Updated: 61 min ago
  • ID#: PW24002716
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1929
Built
Neighborhood:
Alamitos Beach (Ab)
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
Fantastic Investment Opportunity! Located in the trendy and hip Retro Row neighborhood of Long Beach! 4) very spacious 1 bedroom units with classic art deco features, including classic mock-fireplaces in all of the livingrooms. Lovely archways between the Living and Dining rooms. Hardwood flooring custom built-ins and high ceilings, Plus extra closet space. The kitchens have gorgeous art deco tile back splashes and some with granite counters and breakfast nooks. The baths have custom 20's style flooring. All 4 of these units come with their own private garage. The back building has 2) 1 bedroom units over the 4 garages, also with classic art deco features, built-ins and hardwood floors. There is a very large outdoor lawn with a patio between the two buildings, which creates a great community outdoor space for the occupants. All interior photos were previously taken by the owners of the property. Mostly long term tenants so there is definately an upside to the rental income. Just 4 blocks to the beach, and walking distance to award winning restaurants, amazing boutiques, art galleries and antique shops. The seller will entertain carrying the First Trust Deed!
Exterior Features

Entry Level 1 Entry Location front Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 6 Parking Features CoveredGarage Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features Living RoomSee Remarks Fireplace YN Yes Flooring CarpetTileVinylWood Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 5.75 Common Interest Community Apartment Community Features BikingSidewalksUrban Electric Expense 500 Fuel Expense 400 Garage YN Yes Gross Income 130380 Gross Scheduled Income 130380 Insurance Expense 7785 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 9007 Net Operating Income 103623 New Construction YN No New Taxes Expense 19800 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 26757 Other Expense 300 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 3060 Tenant Pays ElectricityGas Total Actual Rent 10865 Trash Expense 300 Water Sewer Expense 316 Water Source Public Zoning LBCNR



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-15T09:34:21.01. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372270645-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372270645-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372270645-2.jpg
Logo
Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Cynthia Voss of Re/Max R. E. Specialists (562-493-3004) and Nathan Walter of Re/Max R. E. Specialists(562-493-3004)