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Sold on 10/08/2024
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1244 E 4th St, Long Beach, CA 90802

$3,450,000

Last sold 10/08/2024 after 372 Days

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    bed

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    bath

Multi-family not for sale
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About 1244 E 4th St

Property type Multi-family
Neighborhood
Year built 1962
HOA fee $0/month
Lot size 8,946 Sqft
Parking 6 garage spaces
Rental estimate
Property description
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.
Listed by
Listing Agent - Robert Stepp
Listing Agent Contact: 310-463-2916
Listing Office - Keller Williams - Santa Monica
Source: CRMLS mls logo
MLS#PW23183807 • last updated 2 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Commercial/Residential
Status Closed
Lot Size (Acres) 0.2054
Lot Size (SqFt) 8946
Year Built 1962
Interior
Laundry Inside
Exterior
Building Area Square Feet, 9765
# Parking Spaces 6
# Garage Spaces 6
Lot Description 11-15 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Sidewalks
Subdivision Alamitos Beach (AB), Alamitos Beach (AB)
Zoning LBCNR
Directions Orange Ave & E 4th St
APN 7275006007
Multifamily Details
Expense: Trash 7116
Operating Expense 96238
Cap Rate 5.78
Expense: Insurance 8000
Total Expenses 96238
Expense: Maintenance 9800
Expense: Water/ Sewer 3056
Gross Income 298372
Expense: Electric 2456
Gross Multiplier 11.36
Gross Scheduled Income 307600
Expense: Gardener 1200
Rental est.: $1,150/month
Gross rent multiplier: 250.0
  • Oct 2024
    mls logo MLS # PW23183807
  • Oct 9, 2024 Sold
    $3,450,000
  • Apr 30, 2024 Pending
    —
  • Apr 1, 2024 Active
    —
  • Mar 28, 2024 Price Change
    $3,495,000 (-2.8%)
  • Feb 14, 2024 Price Change
    $3,595,000 (-1.5%)
  • Nov 6, 2023 Price Change
    $3,650,000 (-6.3%)
  • Oct 2, 2023 Listed
    $3,895,000 (+34.3%)
  • Oct 2024
    Public Records
  • Oct 8, 2024 Sold
    $3,450,000 (-1.3%)
  • Nov 2017
    Public Records
  • Nov 17, 2017 Sold
    $2,900,000 (+75.8%)
  • Jan 2016
    Public Records
  • Jan 29, 2016 Sold
    $1,650,000
  • Year Property taxes Tax assessment
  • 2024
    $42,291 +1.7%
    $3,235,941
  • 2023
    $41,580 +6.5%
    $3,235,941 +4.04%
  • 2022
    $39,025 +2.1%
    $3,110,323 +2.0%
  • 2021
    $38,232 +0.3%
    $3,049,356
  • 2020
    $38,131
    $3,049,356
  • 1244 E 4th St
    $3.45M
  • Franklin School
    $495K +22% 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.

Around Franklin School

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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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