20
See all 20 photos
$1,999,000
Est. payment /mo
2,949 Sqft Lot
Active Under Contract
1427 E 4th Long Beach, CA 90802
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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID SB26028039
HOA Y/N No
Year Built 1929
Lot Size 2,949 Sqft
Property Sub-Type Apartment
Property Description
Prime Mixed-Use Investment | Retro Row – Long Beach***
1427 E 4th St is a fully renovated property located in the heart of Long Beach's high-traffic Retro Row. The 5,065 SF building consists of 2 street-level retail units (leased to a popular Coffee Shop and an Upscale Healing Station on long-term leases) and 4 residential units (2 one-bedroom units and 2 studios), all fully upgraded and turnkey.
Offered at the BEST PRICE PER SQ.FT. in the market, the property delivers a 6.60% Cap Rate with strong NOI and IMMEDIATE CASH FLOW. Retail benefits from consistent foot traffic and destination-level visibility, while residential units perform well in a low-vacancy rental market.
Recent comprehensive renovations translate to minimal maintenance and solid upside through rent growth. Located in a corridor supported by ongoing Long Beach infrastructure and redevelopment investment, this asset offers stable income with long-term appreciation.
1427 E 4th St is a fully renovated property located in the heart of Long Beach's high-traffic Retro Row. The 5,065 SF building consists of 2 street-level retail units (leased to a popular Coffee Shop and an Upscale Healing Station on long-term leases) and 4 residential units (2 one-bedroom units and 2 studios), all fully upgraded and turnkey.
Offered at the BEST PRICE PER SQ.FT. in the market, the property delivers a 6.60% Cap Rate with strong NOI and IMMEDIATE CASH FLOW. Retail benefits from consistent foot traffic and destination-level visibility, while residential units perform well in a low-vacancy rental market.
Recent comprehensive renovations translate to minimal maintenance and solid upside through rent growth. Located in a corridor supported by ongoing Long Beach infrastructure and redevelopment investment, this asset offers stable income with long-term appreciation.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description Paved
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7266018036
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Olga Wright Lyon Stahl Investment Real Estate, Inc. 310-801-7373, DRE #01315042
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