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$1,888,000
35 Days Online

1023 -1031 E 4th Street
Long Beach, CA 90802

For Sale|Multi-Family|Active
Subdivision:
Alamitos Beach (Ab)
County:
Los Angeles
Listing Courtesy of Ryan Sharpe with Kidder Mathews of California, Inc

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562-355-2430
1023 -1031 E 4th Street1023 -1031 E 4th Street1023 -1031 E 4th Street
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The following mixed-use opportunity consists of two separate structures and approximately 5,750 square feet of gross leasable space. The front building is just under 5,000 square feet containing one 1 bedroom 1 bath unit and one 2 bedroom 1 bath unit above three retail/commercial units. The second freestanding structure is a +/- 800 square foot two bedroom house. All tenants are Month to Month (MTM) and are paying conservative or below market rents. The MTM tenancy gives an owner user or an investor the ability to either occupy or reposition the property at market rents. This is a rare opportunity to purchase a mixed-use asset on just over a 7,500 square foot lot just outside of the East Village Arts District in Long Beach, CA. HIGHLIGHTS: LONG TERM tenants, low rents. Near 100% collection since COVID. LOCATED and on one of the best retail corridors in the city of Long Beach. WALK SCORE Walker's Paradise (93). NEW general plan allows for redevlopment up to 7 stories in the future. LONG BEACH is the up and coming coastal city in Los Angeles county. Hundreds of millions of dollars are pouring into this city and tons of high density mixed use development in planning or developing stages. MIXED-USE allows to diversify risk with both retail and residential tenants

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Listing Snapshot
Price 
$1,888,000
Days Online 
35 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,750 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.17 Acres
Year Built 
1937
MLS Number 
OC21222156
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
PublicRecords
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS
a month agoListing first seen online
General Features
Parking Spaces 
6
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.17
Water 
Public
Attached Garage 
No
Zoning 
LBCO
Listing Conditions 
Standard
Interior Features
Laundry Features 
Common Area
Fireplace 
No
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Exterior Features
Spa 
No
Pool Features 
None
Waterfront Property 
No
Lot 
Street Level
Community Features
Community Features 
Curbs
MLS Area 
4 - Downtown Area, Alamitos Beach


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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