1917 E 4th St - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$4,100,000 USD
310-463-2916
1917 E 4th St, Long Beach, CA for Sale
$4,100,000 USD
Apartments - FOR SALE
1/23
null | 6.33% Cap Rate

1917 E 4th St
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Priced at 9.97 GRM on Current Rents
  • Excellent Location - in the Heart of Retro Row
  • New Electrical Subpanels
  • New Windows Throughout within the Past 7 Years
  • 7 Parking Garages + 2 Tandem Spaces
  • Opportunity to Acquire Adjacent Parking Lot - Contact Agent for Details

OVERVIEW

1917 E. 4th Street is an 18-unit apartment building located in the heart of Long Beach’s highly sought-after 4th Street / Retro Row district. This property offers investors the opportunity to acquire a well-positioned asset in a supply-constrained rental market at an attractive 9.97 GRM on current rents. The building offers an attractive mix of studio, one-, two-, and three-bedroom units. On-site laundry and parking, generate additional income streams. Recent capital improvements include new electrical subpanels and new windows installed throughout the building within the past seven years. The property includes 7 parking garages and 2 tandem spaces in a neighborhood where parking is often limited. In addition, there is an opportunity to acquire an adjacent parking lot; see pages 14/15 for details. Recognized in publications such as The New York Times, Sunset Magazine, and The New Yorker, 4th Street / Retro Row is a vibrant, pedestrian- and bike-friendly corridor, home to 40+ independent merchants. The area is celebrated for its eclectic mix of vintage and contemporary clothing, furniture, accessories, art, antiques, and collectibles, as well as a diverse range of acclaimed restaurants, cafés, wine bars. With its prime location, strong rental fundamentals, and recent upgrades, 1917 E. 4th Street represents a compelling investment opportunity for buyers seeking stable income and long-term value in one of the city’s most dynamic submarkets.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$403 USD /SF

# OF UNITS

18

PRICE/UNIT

$227,778

CAP RATE

6.33%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Optional Adjacent Parking Lot

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1917

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,397 SF

ZONING

CNR, Long Beach

APN/PARCEL ID

7266-026-004

ASK ABOUT THIS PROPERTY

Robert SteppStepp Commercial - KWPEMore Info
310-463-2916

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Robert SteppStepp Commercial - KWPEMore Info
310-463-2916

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