1427 E 4th St - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$1,999,000 USD
310-801-7373
1427 E 4th St, Long Beach, CA for Sale
$1,999,000 USD
Apartments - FOR SALE
1/20
null | 6.6% Cap Rate

1427 E 4th St
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Turnkey Fully Renovated Income Property Offered at 6.6% Cap Rate
  • Great Mix of Two Commercial Units on Ground Floor and Four Residential Units Above
  • Located in the high traffic corridor of 4th St
  • Commercial Tenants - Popular Coffee Shop and High End Body Restore Healing Station

OVERVIEW

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 Salon 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.

FOR SALE DETAILS

PRICE

$1,999,000 USD

PRICE/SF

$330 USD /SF

# OF UNITS

6

PRICE/UNIT

$333,167

CAP RATE

6.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

LBCNR

APN/PARCEL ID

7266-018-036

ASK ABOUT THIS PROPERTY

Olga WrightLyon Stahl Investment Real EstateMore Info
310-801-7373

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Olga WrightLyon Stahl Investment Real EstateMore Info
310-801-7373

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.