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1244 E. 4th Street

1244 E. 4th Street,Long Beach, CA 90802

14

Unit

$3,495,000

Price

Property Details

Price Per Unit

$249,643

Price per SF

$358

Current Cap Rate

5.78%

Market Cap Rate

7.25%

Current GRM

11.36

Market GRM

9.62

1244 E. 4th Street

1244 E. 4th Street,Long Beach, CA 90802

$3,495,000

Price

Property Details

Price per SF

$358

Price Per Unit

$249,643

Price per SF

$358

Current Cap Rate

5.78%

Market Cap Rate

7.25%

Unit

14

Current GRM

11.36

Market GRM

9.62

Description

in vibrant Retro Row neighborhood of Long Beach.

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.

Highlights

  • 13 of 14 Units Fully Renovated
  • Attractive Mix of 1BD, 2BD and 3BD Units
  • Double Paned Windows Throughout
  • Vibrant Retro Row Neighborhood
  • 6 Garages Offer Potential for ADU Conversion

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