Long Beach, CA 90802,1229 East 4th Street
Long Beach, CA 90802,1229 East 4th Street
Long Beach, CA 90802,1229 East 4th Street
Listed by Kevin King • Marcus & Millichap
$2,550,000
Est. payment /mo
Est.Price: ?

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7,442 SqFt
SOLD DATE : 08/23/2024

Key Details

Sold Price $2,550,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 7,442 sqft

Price per Sqft $342

Subdivision Alamitos Beach

MLS Listing ID PW-24077326

Year Built 1936

Lot Size 6,534 Sqft

Property Description

We are pleased to present a 12 unit apartment building located at 1229 - 1231 E. 4th Street in Long Beach, California. This is a value-add opportunity in a great location of Alamitos Beach. The subject property is close to 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists 6 parcels for a total of 7,442 rentable square feet spread throughout a 6,745 square foot lot. It was built in 1936 and consists of all one bedroom / one bathroom units. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 7 garages which are generating income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment.

Location

State CA

County Los Angeles

Zoning LBR3T

Interior

Laundry None

Exterior

Parking Features Gated

Garage Spaces 7.0

Pool None

Community Features Curbs, Sidewalks

Building

Lot Description 11-15 Units/Acre

Sewer Public Sewer

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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