1616 E 4th ST Long Beach, CA 90802
Pending
$1,800,000
14%
6 Units
6 Beds
6 Baths
5,300 Area(sq.ft.)
6,733 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 2,195 | $ 2,195 | $ 2,400 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,900 | $ 1,900 | $ 2,400 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,225 | $ 2,225 | $ 2,400 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,900 | $ 1,900 | $ 2,400 |
| Unit 5 | 1 | 1 | 1 | No | $ 1,550 | $ 1,550 | $ 1,600 |
| Unit 6 | 1 | 1 | 1 | No | $ 1,575 | $ 1,575 | $ 1,600 |
| 6 | 6 | 6 | 6 | $ 11,345 | $ 11,345 | $ 12,800 |
| MLS #: | PW24002716MR |
| Days On Market: | 333 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 340 |
| Price per unit: | $ 300,000 |
| Year Built: | 1929 |
Property Details
Fantastic Investment Opportunity! Located in the trendy and hip Retro Row neighborhood of Long Beach! 4) very spacious 1 bedroom units with classic art deco features, including classic mock-fireplaces in all of the livingrooms. Lovely archways between the Living and Dining rooms. Hardwood flooring custom built-ins and high ceilings, Plus extra closet space. The kitchens have gorgeous art deco tile back splashes and some with granite counters and breakfast nooks. The baths have custom 20's style flooring. All 4 of these units come with their own private garage. The back building has 2) 1 bedroom units over the 4 garages, also with classic art deco features, built-ins and hardwood floors. There is a very large outdoor lawn with a patio between the two buildings, which creates a great community outdoor space for the occupants. All interior photos were previously taken by the owners of the property. Mostly long term tenants so there is definately an upside to the rental income. Just 4 blocks to the beach, and walking distance to award winning restaurants, amazing boutiques, art galleries and antique shops. The seller will entertain carrying the First Trust Deed!Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 46,557 |
| Net Operating Income: | $ 108,723 |
| Cap Rate: | 6% |
| Gross Rent Multiplier: | 13.29 |
| Actual Gross Rent: | $ 10,865 |
Structure
| Community Features: | Biking, Sidewalks, Urban |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBCNR |
| Land Lease Type: | Fee |
| Parking Garage: | Garage |
Interior
| AC/Cooling: | None |
| Heating: | Wall |
| Fireplace Rooms: | Living Room, Other |
| Laundry: | None |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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Income
