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Sold on 12/24/2024
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1616 E 4th St, Long Beach, CA 90802

$1,500,000

Last sold 12/24/2024 after 354 Days

  • —

    bed

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    bath

Multi-family not for sale

About 1616 E 4th St

Property type Multi-family
Neighborhood
Year built 1929
HOA fee $0/month
Lot size 6,733 Sqft
Parking 4 garage spaces
Rental estimate
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!
Listed by
Listing Agent - Cynthia Voss
Listing Agent Contact: 562-884-3930
Listing Office - Re/Max R. E. Specialists
Source: CRMLS mls logo
MLS#PW24002716 • last updated 1 year ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1546
Lot Size (SqFt) 6733
Year Built 1929
Interior
Laundry None
Exterior
Building Area Square Feet, 5300
Parking Covered, Garage
# Parking Spaces 4
# Garage Spaces 4
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Fireplaces Living Room, See Remarks
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View Neighborhood
County Los Angeles
Community Features Biking, Sidewalks, Urban
Subdivision Alamitos Beach (AB), Alamitos Beach (AB)
Neighborhood Retro-Row
Zoning LBCNR
Directions Between Cherry And Walnut On The South Side Of 4th
APN 7275016005
Multifamily Details
Expense: Trash 300
Gross Spendable Income 108723
Operating Expense 26757
Cap Rate 6
Expense: Insurance 7785
Total Expenses 46557
Expense: Maintenance 9007
Expense: Water/ Sewer 316
Gross Income 130435
Expense: Electric 500
Gross Multiplier 13.29
Gross Scheduled Income 136140
Expense: Supplies 3060
Expense: Fuel 400
Expense: Gardener 4200
Rental est.: $1,230/month
Gross rent multiplier: 101.6
  • Dec 2024
    mls logo MLS # PW24002716
  • Dec 24, 2024 Sold
    $1,500,000
  • Dec 20, 2024 Pending
    —
  • Dec 8, 2024 Active
    —
  • Jul 1, 2024 Listed
    —
  • Jun 4, 2024 Active
    —
  • May 23, 2024 Price Change
    $1,800,000 (-5.3%)
  • Mar 2, 2024 Price Change
    $1,900,000 (-4.8%)
  • Jan 25, 2024 Price Change
    $1,995,000 (-5.0%)
  • Jan 5, 2024 Listed
    $2,100,000 (+356.5%)
  • Dec 2024
    Public Records
  • Dec 24, 2024 Sold
    $1,500,000 (-16.7%)
  • Dec 2002
    Public Records
  • Dec 19, 2002 Sold
    $460,000
  • Year Property taxes Tax assessment
  • 2024
    $9,377 +1.8%
    $653,151
  • 2023
    $9,212 +6.2%
    $653,151 +2.0%
  • 2022
    $8,671 +2.4%
    $640,345 +4.04%
  • 2021
    $8,465 +0.3%
    $615,482 +1.04%
  • 2020
    $8,441 +4.5%
    $609,172 +4.04%
  • 2018
    $8,078
    $585,519
  • 1616 E 4th St
    $1.5M
  • 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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Source: GreatSchools.org © 2026. All rights reserved.

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