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Long Beach, CA 90802 1616 E 4th Street

$1,900,000

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Presented By: Cynthia Voss with Re/Max R. E. Specialists; 562-884-3930
  • MLS# PW24002716
  • 01/05/2024
  • Request Tour
  • Request Info
  • BedBeds • 6
  • BathBaths • 6
  • FootageSQFT • 5,300
  • GarageGarage • 4

Home Details

Fantastic Investment Opportunity! Located in the trendy and hip Retro Row neighborhood of Long Beach! 4) very spacious 1 bedroom units with classic art deco features, including classic mock-fireplaces in all of the livingrooms. Lovely archways between the Living and Dining rooms. Hardwood flooring custom built-ins and high ceilings, Plus extra closet space. The kitchens have gorgeous art deco tile back splashes and some with granite counters and breakfast nooks. The baths have custom 20's style flooring. All 4 of these units come with their own private garage. The back building has 2) 1 bedroom units over the 4 garages, also with classic art deco features, built-ins and hardwood floors. There is a very large outdoor lawn with a patio between the two buildings, which creates a great community outdoor space for the occupants. All interior photos were previously taken by the owners of the property. Mostly long term tenants so there is definately an upside to the rental income. Just 4 blocks to the beach, and walking distance to award winning restaurants, amazing boutiques, art galleries and antique shops. The seller will entertain carrying the First Trust Deed!
Presented By: Cynthia Voss with Re/Max R. E. Specialists; 562-884-3930

Interior Features for 1616 E 4th Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesLivingRoom, SeeRemarks
Fireplace Y/NYes
FlooringCarpet, Tile, Vinyl, Wood
Heating Y/NYes
Laundry FeaturesNone
Street SuffixStreet
Total Stories2

Other Rooms

Entry Level1

General for 1616 E 4th Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.27
Carport Y/NNo
CityLong Beach
Community FeaturesBiking, Sidewalks, Urban
CoolingNone
CountyLos Angeles
Days on Market61
DirectionsBetween Cherry and Walnut on the south side of 4th
Electric Expense500.0
Entry Locationfront
Fuel Expense400.0
Garage Spaces4.0
Garage Y/NYes
Gross Income130380.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense7785.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet6733.0
MLS Area4 - Downtown Area, Alamitos Beach
MaintenanceExpense9007.0
MobileHomeRemainsYNNo
Net Operating Income103623.0
New ConstructionNo
Number of Units Leased6
Operating Expense26757.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street Name4th
Subdivision NameAlamitos Beach (AB)
Tax Lot3
Taxes$22,420
Tenant PaysElectricity, Gas
Total Actual Rent10865.0
Total Units6
Trash Expense300.0
ViewNeighborhood
View Y/NYes
Water Sewer Expense316.0
Waterfront Y/NNo
Year Built1929
Year Built SourceAssessor
ZoningLBCNR

Exterior for 1616 E 4th Street

Building Area Total5300.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.1546
Lot Size Area6733.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters6
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesCovered, Garage
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,900,000
MLS#PW24002716
List Date 01/05/2024
Property Type Multi-Family
Phone 714.964.3311
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Request Info
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors