4201 E Jacinto Way - Multi-Family FOR SALE


Long Beach, CA 90815- Artcraft Manor
$1,550,000 USD
949-607-7096
4201 E Jacinto Way, Long Beach, CA for Sale
$1,550,000 USD
Multi-Family - FOR SALE
1/14
null | 3% Cap Rate

4201 E Jacinto Way
Long Beach, CA 90815
Artcraft Manor


HIGHLIGHTS

  • Rare north-of-PCH Traffic Circle area location
  • 100% single-story construction on a 12,190 SF lot
  • Recent capital improvements including exterior paint, garage doors, landscaping, and windows replaced within the last 10 years
  • Approximately 30% rental upside
  • Private laundry hook-ups for each unit
  • (4) single-car garages plus additional on-site open parking

OVERVIEW

Fourplex opportunities north of PCH and Atherton within the Traffic Circle area of East Long Beach rarely come available. Built in 1943, the property offers approximately 3,145 square feet on an oversized 12,190 square foot lot, a land footprint rarely found in Long Beach. The unit mix consists of (1) 2 bed / 2 bath and (3) 1 bed / 1 bath units, each with private laundry hookups and small fenced backyards. Three units have been updated, with the 2-bedroom receiving the most improvement. The single-story layout, generous setback, and updated landscaping create strong curb appeal, while parking is a major differentiator with (4) single-car garages plus additional on-site open parking. A garage has been converted to enclosed laundry/closet space, and exterior laundry hookups and enclosures have been added; these improvements are non-permitted. Approximately 30% rental upside remains, creating a clear path to increased income. Windows were replaced within the last 10 years. Ideally positioned with immediate access to Lakewood Blvd, the 405 Freeway, Cal State Long Beach, and Long Beach Airport

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$493 USD /SF

# OF UNITS

4

PRICE/UNIT

$387,500

CAP RATE

3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1943

PARKING SPACES

8

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

7219-007-020

ASK ABOUT THIS PROPERTY

Nicholas PetrosianRE/MAX Commercial & Investment RealtyMore Info
949-607-7096

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Nicholas PetrosianRE/MAX Commercial & Investment RealtyMore Info
949-607-7096

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