3700 E 4th St - Apartments FOR SALE


Long Beach, CA 90814- Belmont Heights
$2,450,000 USD
714-713-9086
3700 E 4th St, Long Beach, CA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/12
null | 5.69% Cap Rate

3700 E 4th St
Long Beach, CA 90814
Belmont Heights


HIGHLIGHTS

  • 8-unit Belmont Heights multifamily asset in one of Long Beach’s most desirable coastal rental neighborhoods.
  • Strong in-place rents with ownership keeping rates aligned through regular annual increases.
  • Desirable unit mix with 4 one-bed/one-bath, 1 two-bed/one-bath, and 3 two-bed/two-bath units.
  • Four units feature in-unit laundry, with additional on-site laundry available to residents.
  • Recent 2024 roof replacement adds to the property’s well-maintained physical profile.
  • Four single-car garages provide convenient parking and supplemental income potential.

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present 3700 East 4th Street, an 8-unit multifamily investment property located in the Belmont Heights neighborhood of Long Beach, California. Constructed in 1963, the property totals approximately 6,336 net rentable square feet on a 0.14-acre parcel and features a desirable unit mix of 4 one-bed/one-bath units, 1 two-bed/one-bath unit, and 3 two-bed/two-bath units. 3700 East 4th Street offers investors the opportunity to acquire a well-positioned multifamily asset in one of Long Beach’s most desirable coastal rental neighborhoods. Belmont Heights is known for its established residential character, proximity to the beach, and access to popular lifestyle amenities, supporting strong renter demand within the immediate area. The property provides several resident amenities, including 4 single-car garages, on-site laundry, security/screen doors, and in-unit laundry in 4 of the units. Current ownership has also maintained the asset through recent improvements, including a roof replacement completed in 2024. In addition to its physical attributes, the property benefits from strong in-place rents, as ownership has kept rents aligned through regular increases. Offered at a 5.69% cap rate on current rents, 3700 East 4th Street provides investors with immediate in-place income in a high-demand Belmont Heights location, while maintaining long-term appeal through its coastal Long Beach setting, functional unit mix, and proximity to daily conveniences and lifestyle amenities. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$387 USD /SF

# OF UNITS

8

PRICE/UNIT

$306,250

CAP RATE

5.69%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R3, Long Beach

APN/PARCEL ID

7255-003-008

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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