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1229 East 4th Street

Long Beach CA 90802

1
1
0.15 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

We are pleased to present a 12 unit apartment building located at 1229 - 1231 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 6 parcels for a total of 7,442 rentable square feet spread throughout a 6,745 square foot lot. It was built in 1936 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 7 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. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment.

Features

1 bedroom
1 bathroom
0.15 sq. ft. lot size
Multi-Family

Property history for 1229 East 4th Street

2024
Sold
$2,550,000
23 Aug 2024

Happy sellers in Long Beach

<50%
Less than 50% of sellers in Long Beach reported that their sale price either exceeded or met their price expectations.

Long Beach stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Long Beach over the last 12 months.

Local market activity for 1 bedroom multi families in Long Beach

In the last 12 months, 4 one-bedroom multi families similar to 1229 East 4th Street, have been sold.

This represents a 20% increase in one-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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