1631 East 4th Street features 8 multifamily units and a commercial suite located in the North Alamitos Beach neighborhood of Long Beach, CA. 1631 East 4th Street offers a unique mix of studio, one, and two-bedroom residential units behind a single-story commercial suite. The gated property features 3 buildings and… Read More offers four surface parking spaces in the rear of the property. Situated in a fantastic Long Beach location within the North Alamitos Beach neighborhood, 1631 East 4th Street is surrounded by an abundance of retail, dining, and entertainment options, as well as employers. The property is situated just blocks east of Retro Row, a collection of eclectic shops and restaurants, as well as 0.75 miles west of Downtown Long Beach, the city’s cultural and economic center. Additionally, residents enjoy the properties close proximity to an abundance of everyday needs at Grocery Outlet and El Mercado. Furthermore, 1631 East 4th Street benefits from its location, providing easy access to a wide variety of local amenities including, The Pike Outlets, Long Beach Convention & Entertainment Center, Alamitos Beach, and more. In summary, 1631 East 4th Street’s fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool. Read Less
Property listed by Marcus & Millichap RE Invest, Tyler Leeson [email protected]
Listing Snapshot
Days Online
0
Last Updated
Property Type
Apartment
Lot Size
0.15 Acres
Year Built
1947
MLS Number
OC25112766
30 Days Snapshot Of 90802
$650k
-9%
(avg) sold price
22
-26%
homes sold
108
+20%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1947, Building area total: 4,734, Levels: Two, 2 stories, 2 buildings, Common walls: NoCommonWalls
Community
Curbs, Gutters, Sidewalks
Expenses
Electric expense: $1,304, Fuel expense: $1,304, Insurance expense: $7,200, Maintenance expense: $6,300, New taxes expense: $24,804, Operating expense: $61,543, Trash expense: $1,304, Water sewer expense: $1,304, Other expense: $8,997
Income
Gross income: $186,108, Net operating income: $118,982
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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