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    3011 E. 4th Street

    3011 E. 4th Street,Long Beach, CA 90814

    1963

    Year Built

    $2,500,000

    Price

    Property Details

    Price Per Unit

    $312,500

    Price per SF

    $312,500

    Current Cap Rate

    4.37

    Market Cap Rate

    5.47

    Current GRM

    14.60

    Market GRM

    1241

    3011 E. 4th Street

    3011 E. 4th Street,Long Beach, CA 90814

    $2,500,000

    Price

    Property Details

    Price per SF

    $312,500

    Price Per Unit

    $312,500

    Price per SF

    $312,500

    Current Cap Rate

    4.37

    Market Cap Rate

    5.47

    Year Built

    1963

    Current GRM

    14.60

    Market GRM

    1241

    Description

    3011 E. 4th Street, Long Beach, CA 90814

    Price: $2,500,000
    Units: 8
    Year Built: 1963
    Size: 6,403 SF
    Current Cap Rate: 4.37%
    Current GRM: 14.60
    Market Cap Rate: 5.47%
    Market GRM: 1241
    Price per Unit: $312,500
    Price per SF: $390

    Highlights

    • Value-add opportunity with +/-18% rental upside potential
    • Located in the heart of the desirable 4th Street / Retro Row
    • Attractive mix of (7) two-bedroom / one-bath units and (1) three-bedroom / two-bath unit
    • Three of the 8 units have been completely renovated
    • Capital improvements include quartz countertops, new hardwood flooring and new cabinets
    • Ample parking with four garages with tandem driveway spaces in front of building

    Map

    Brokers

    Robert Stepp 310.774.3740 Email: [email protected]

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