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1427 E 4th, Long Beach, CA 90802

  • $1,999,000

  • bed

  • bath

Multi-family active under contract 127 days
Movoto is helping 68 homebuyers near you

About 1427 E 4th

Property type Multi-family
Neighborhood
Year built 1929
HOA fee $0/month
Lot size 2,951 Sqft
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property description
Prime Mixed-Use Investment | Retro Row – Long Beach*** 1427 E 4th St is a fully renovated property located in the heart of Long Beach’s high-traffic Retro Row. The 5,065 SF building consists of 2 street-level retail units (leased to a popular Coffee Shop and an Upscale Healing Station on long-term leases) and 4 residential units (2 one-bedroom units and 2 studios), all fully upgraded and turnkey. Offered at the BEST PRICE PER SQ.FT. in the market, the property delivers a 6.60% Cap Rate with strong NOI and IMMEDIATE CASH FLOW. Retail benefits from consistent foot traffic and destination-level visibility, while residential units perform well in a low-vacancy rental market. Recent comprehensive renovations translate to minimal maintenance and solid upside through rent growth. Located in a corridor supported by ongoing Long Beach infrastructure and redevelopment investment, this asset offers stable income with long-term appreciation.
Listed by
Listing Agent - Olga Wright
Listing Agent Contact: 310-801-7373
Listing Office - Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS mls logo
MLS#SB26028039 • last updated 2 months ago
Movoto checked CRMLS for data 4 minutes ago
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Overview
Type Residential Income
SubType Apartment
Status Active Under Contract
Lot Size (Acres) 0.0677
Lot Size (SqFt) 2951
Year Built 1929
Interior
Laundry Community
Exterior
Building Area Square Feet, 5065
# Parking Spaces 2
# Garage Spaces 2
Lot Description Paved
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Sidewalks
Directions North Of 4th St East Of Alamitos Ave
APN 7266018036
Multifamily Details
Operating Expense 39685
Cap Rate 6.6
Expense: Insurance 7598
Total Expenses 39685
Expense: Maintenance 3500
Expense: Water/ Sewer 4400
Gross Income 171690
Gross Multiplier 11.29
Gross Scheduled Income 177000
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  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90802
  • Franklin
  • 1427 E 4th

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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