First Team Real Estate Logo

Long Beach, CA 90802 1244 E 4th Street

$3,495,000

Pending
1244 E 4Th Street Long Beach, Ca - Image 11244 E 4Th Street Long Beach, Ca - Image 21244 E 4Th Street Long Beach, Ca - Image 3
17 more
1244 E 4Th Street Long Beach, Ca - Image 41244 E 4Th Street Long Beach, Ca - Image 51244 E 4Th Street Long Beach, Ca - Image 61244 E 4Th Street Long Beach, Ca - Image 71244 E 4Th Street Long Beach, Ca - Image 81244 E 4Th Street Long Beach, Ca - Image 91244 E 4Th Street Long Beach, Ca - Image 101244 E 4Th Street Long Beach, Ca - Image 111244 E 4Th Street Long Beach, Ca - Image 121244 E 4Th Street Long Beach, Ca - Image 131244 E 4Th Street Long Beach, Ca - Image 141244 E 4Th Street Long Beach, Ca - Image 151244 E 4Th Street Long Beach, Ca - Image 161244 E 4Th Street Long Beach, Ca - Image 171244 E 4Th Street Long Beach, Ca - Image 181244 E 4Th Street Long Beach, Ca - Image 191244 E 4Th Street Long Beach, Ca - Image 201244 E 4Th Street Long Beach, Ca - Image 21
Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-463-2916
  • MLS# PW23183807
  • 10/02/2023
  • Request Tour
  • Request Info
  • BedBeds • 9
  • BathBaths • 1
  • FootageSQFT • 9,765
  • GarageGarage • 6

Home Details

1244 E. 4th Street is a 14-unit apartment asset in vibrant Retro Row neighborhood of Long Beach. The property is offered at 11.36 GRM and 5.78% Cap Rate on current rents. The property is comprised of (2) three- bedroom units; (3) two-bedroom units and (9) one-bedroom units. Thirteen of the 14 units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers. Double-paned windows are featured throughout the building, and (6) garages onsite provide the opportunity for garage income or the potential for additional rental income through conversion to ADUs. The property is located in prime Retro Row, walking distance from shopping, dining and nightlife amenities.
Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-463-2916

Interior Features for 1244 E 4th Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Street SuffixStreet
Total Stories2

Other Rooms

Entry Level1

General for 1244 E 4th Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.78
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
CountyLos Angeles
Days on Market182
DirectionsOrange Ave & E 4th St
Electric Expense2456.0
Entry Location1
Fuel Expense0.0
Garage Spaces6.0
Garage Y/NYes
Gross Income298372.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense8000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet8946.0
MLS Area4 - Downtown Area, Alamitos Beach
MaintenanceExpense9800.0
MobileHomeRemainsYNNo
Net Operating Income202134.0
New ConstructionNo
Operating Expense96238.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Street Name4th
Subdivision NameAlamitos Beach (AB)
Tax Lot11
Taxes$43,591
Total Units14
Trash Expense7116.0
View Y/NNo
Water Sewer Expense3056.0
Waterfront Y/NNo
Year Built1962
Year Built SourceAssessor
ZoningLBCNR

Exterior for 1244 E 4th Street

Building Area Total9765.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem1115UnitsAcre
Lot Size Acres0.2054
Lot Size Area8946.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters14
Number of Separate Gas Meters14
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $3,495,000
MLS#PW23183807
List Date 10/02/2023
Property Type Pending
Phone 714.964.3311
Request Tour
Request Info
Visit My Website

Similar Properties to 1244 E 4th Street

Ask A Question

CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors