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Sold on 01/02/2025
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1045 E 4th St, Long Beach, CA 90802

$2,650,000

Last sold 01/02/2025 after 259 Days

  • —

    bed

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    bath

Multi-family not for sale
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About 1045 E 4th St

Property type Multi-family
Neighborhood
Year built 1922
HOA fee $0/month
Lot size 0.28 Acre
Parking 5 garage spaces
Rental estimate
Property description
We are pleased to present a 14 unit apartment building located at 1045 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 of 8,720 rentable square feet spread throughout a 11,980 square foot lot. It was built in 1922 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 5 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.
Listed by
Listing Agent - Kevin King
Listing Agent Contact: Kking@marcusmillichap.com
Listing Office - Marcus & Millichap
Source: CRMLS mls logo
MLS#PW24077362 • last updated 1 year ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.275
Lot Size (SqFt) 11980
Year Built 1922
Interior
Laundry None
Exterior
Building Area Square Feet, 8720
# Parking Spaces 5
# Garage Spaces 5
Lot Description 11-15 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Curbs, Sidewalks
Subdivision Alamitos Beach (AB), Alamitos Beach (AB)
Zoning LBCNR
Directions 4th Street & Bonito Ave
APN 7266009023
Multifamily Details
Expense: Trash 2125
Operating Expense 91431
Expense: Insurance 14000
Total Expenses 91431
Expense: Maintenance 11900
Expense: Water/ Sewer 2125
Gross Income 267569
Expense: Electric 2125
Gross Scheduled Income 271824
Expense: Fuel 2125
Expense: Gardener 2000
Rental est.: $1,230/month
Gross rent multiplier: 179.5
  • Jan 2025
    mls logo MLS # PW24077362
  • Jan 2, 2025 Sold
    $2,650,000
  • Oct 3, 2024 Pending
    —
  • Aug 20, 2024 Price Change
    $2,995,000 (-10.6%)
  • May 24, 2024 Price Change
    $3,350,000 (-4.3%)
  • Apr 18, 2024 Listed
    $3,500,000
  • Dec 2024
    Public Records
  • Dec 24, 2024 Sold
    $2,650,000 (-11.5%)
  • Year Property taxes Tax assessment
  • 2024
    $11,863 +2.0%
    $728,658 +1.99%
  • 2023
    $11,635 +5.9%
    $714,466 +1.99%
  • 2022
    $10,985 +2.8%
    $700,552 +1.99%
  • 2021
    $10,689 +0.3%
    $686,911 +1.03%
  • 2020
    $10,660
    $679,917
  • 1045 E 4th St
    $2.65M
  • Franklin
    $534K +26% y/y
  • 90802
    $459K -8% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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5/10
Stevenson Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Polytechnic High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/22/2026. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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