939-941 E 4th St - Storefront Retail/Residential FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$1,595,000 USD
562-257-1233
939-941 E 4th St, Long Beach, CA for Sale
$1,595,000 USD
Storefront Retail/Residential - FOR SALE
1/6
null | 6.04% Cap Rate

939-941 E 4th St
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • An approximately 4,000 square feet 2-story mixed-use retail and multi-family residential building on a 0.056-acre lot.
  • Walkable location near restaurants, galleries, boutiques, professional services in and around the East Village Arts District and the 4th Street Retro.
  • Close proximity to Beaches, The Promenade, Long Beach Waterfront.
  • As well as Convention & Entertainment Center, including the Queen Mary and Shoreline Village as well as the recently opened Long Beach Amphitheater.
  • Easy access to Metro A Line stations, I-605, I-405, Long Beach Airport and the greater Los Angeles/Orange County basin.

OVERVIEW

Marcus and Millichap REIS is pleased to present 939 E 4th Street, Long Beach, CA an approximate 4,000 sq. ft. 2-story vintage mixed-use property on approximately 2,465 sq. ft of land area. The property is located the Alamitos Beach neighborhood adjacent to the East Village Arts District of Downtown Long Beach and adjacent to 4th Street Retro Row, a distinctive Long Beach eclectic retail corridor. The property includes an approximate 2,080 square feet of commercial space divided into 2 restaurant/ bar tenancies front E 4th Street and approximately 1,920 square feet of residential area containing 2-1-bedroom and 1-bathroom and 2-Studio and 1-bathroom units as well as an interior corridor. The ground level includes the Stache Bar, a well-established type-48 licensed local bar which originally opened in July 2009 and in 2020 the operator expanded into the adjoining space and created Sideburns Hamburger Grill. The property is adjacent to Downtown Long Beach as well as The East Village Arts and the 4th Street Retro Row Business Districts, all of which are city’s most established lifestyle districts, known for its collection of independent retailers, galleries, cafés, restaurants, salons, and creative businesses.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$399 USD /SF

CAP RATE

6.04%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,465 SF

ZONING

CO, Long Beach

APN/PARCEL ID

7266-008-014

ASK ABOUT THIS PROPERTY

Martin PorterMarcus & MillichapMore Info
562-257-1233

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Martin PorterMarcus & MillichapMore Info
562-257-1233

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