613-627 W 4th St - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$2,100,000 USD
714-713-9086
613-627 W 4th St, Long Beach, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/19
null | 5.13% Cap Rate

613-627 W 4th St
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Two Adjacent Parcels totaling 10 units include 9 single-story cottage units and 1 detached single-family residence positioned on adjacent lots.
  • Diverse Unit Mix featuring 1 studio, 5 one-bedroom units, 3 two-bedroom units, and 1 three-bedroom unit.
  • Cottage-Style Configuration with private entrances creates a low-density residential environment that differentiates the property.
  • Detached Single-Family Home with spacious backyard is complemented by 3 private garages featuring gated frontage areas.
  • Recent Capital Improvements including roof replacements in 2020 & 2021 along with 5 recently replaced water heaters.
  • Walkable Downtown Long Beach Location Near Major Employers supports consistent rental demand from government, healthcare, and portrelated industries.

OVERVIEW

The Leeson Group of Marcus & Millichap is pleased to present 613 - 627 West 4th Street, a unique 10-unit multifamily investment opportunity situated on two adjacent parcels in Downtown Long Beach, California. The offering consists of a 9-unit cottage-style apartment community and a detached single-family residence located on the neighboring parcel. The cottage parcel features single-story construction with individual entrances, creating a low-density residential layout that differs from traditional corridor-style multifamily properties. The adjacent parcel is improved with a single-family home featuring a spacious backyard. At the rear of the lot are three private garages with gated areas in front, providing additional parking or storage space. Originally constructed between 1901 and 1918, the property offers a diverse unit mix consisting of 1 studio unit, 5 one-bedroom/one-bath units, 2 two-bedroom/one-bath units, 1 two-bedroom/one-and-one-half-bath unit, and 1 three-bedroom/two-bath unit. The variety of floor plans allows the property to appeal to a broad tenant base within the Downtown Long Beach rental market. Ownership has completed several recent capital improvements, including roof replacements in 2020 and 2021 and five recently replaced water heaters. Additional interior upgrades and unit improvements have been completed across multiple units in 2025 and 2026, including flooring replacement, interior painting, kitchen counter reglazing, and various unit turn improvements. 613 - 627 West 4th Street is located within walking distance of major Downtown Long Beach employers and neighborhood amenities, supporting consistent rental demand. The property is also just over half a mile from Mosaic, the large-scale redevelopment of the former City Place site that is introducing new residential, retail, and commercial space to the area. Residents benefit from convenient access to Interstate 710, the Metro A Line, and the nearby Port of Long Beach, one of the region’s largest employment hubs. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$330 USD /SF

# OF UNITS

10

PRICE/UNIT

$210,000

CAP RATE

5.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1907

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,748 SF

ZONING

LBPD30

APN/PARCEL ID

7278-025-025,7278-025-026

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.