1045 East 4th Street

Long Beach, CA 90802

$3,500,000
Price
1
Beds
14
Baths
8,720 Sq. Ft.
$401 / Sq. Ft.
8,720
Sq. Ft.
$401
per Sq. Ft.

Description

We are pleased to present a 14 unit apartment building located at 1045 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 of 8,720 rentable square feet spread throughout a 11,980 square foot lot. It was built in 1922 and...We are pleased to present a 14 unit apartment building located at 1045 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 of 8,720 rentable square feet spread throughout a 11,980 square foot lot. It was built in 1922 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 5 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.
  1. Listed by Kevin King • DRE #01158184 • Brokerage DRE #00530854 • Marcus & Millichap • kking@marcusmillichap.com

Property Details for 1045 East 4th Street

Parking Spaces Total
5
Private Pool
No
Total Units
14.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
8720
Assessor Parcel Number
7266-009-023
Property Attached YN
true

Location

Listing Courtesy of Marcus & Millichap, Kevin King, DRE #01158184
Add your commute
LISTING UPDATED: 04/18/2024 02:59 AM

Property Details for 1045 East 4th Street

StatusActive
MLS #PW24077362
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Kevin King, DRE #01158184
Add your commute

Building Information for 1045 East 4th Street

Building/Complex1045 E 4th StFloor-Stories2Residences-Pet Policy-Year Built1922Building Size-

Payment Calculator

$20,071 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,101

Property Taxes

$970

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1045 East 4th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $173,891
  • Gross Scheduled Income: $266,784
  • Net Operating Income: $173,891
  • Number Of Rented Garages: 5
  • Garage Income: $3,900
Expense Details
  • Operating Expense: $88,788
  • New Taxes Expense: $43,750
  • Gardener Expense: $2,000
  • Fuel Expense: $2,125
  • Licenses Expense: $715
  • Electric Expense: $2,125
  • Insurance Expense: $5,287
  • Maintenance Expense: $11,900
  • Professional Management Expense: $13,136
  • Other Expense: $3,500
  • Other Expense Description: Misc.
  • Trash Expense: $2,125
  • Water Sewer Expense: $2,125
  • Total Expenses: $88,788
Tax / Assessment Info
  • Tax Tract Number: 576501
  • Tax Census Tract: 5765.01
  • CFD/Mello-Roos Fee: $2,745
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 14
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Alamitos Beach
  • Builders Tract Code: Alamitos Beach (AB)
Unit Information
Unit 1
  • Unit Type Units Total: 14
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 5
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $22,232
  • Unit Type Total Rent: $22,232
  • Unit Type Pro Forma: 27930
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1

Property History for 1045 East 4th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1045 East 4th Street

Taxable ValueLand$434,492Additions$279,974Total$714,466
Tax Record2023$11,635 ($970 / month)
Home Facts
Total Finished SqFt8,720 SqFtAbove Grade Finished SqFt8,720 SqFtLot Size11,980 SqFtStyleMulti-Family Res (5+ Units)ZoningLBCNRCountyLOS ANGELESAPN7266-009-023

Schools near 1045 East 4th Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Stevenson Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Renaissance High School For The Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1045 East 4th Street is a multi-family home for sale in Long Beach, CA 90802. This property was listed for sale on April 18, 2024 by Marcus & Millichap, it's currently listed at $3,500,000. This listing's school district is Long Beach Unified School District. Nearby schools include Stevenson Elementary School, Franklin Classical Middle School and Polytechnic High School. 1045 East 4th Street is a 1-bed, 14-bath, 8,720 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Kevin King, DRE #01158184

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.