Long Beach, CA 90814 4308 E 4th Street
$2,349,000
9 more
Presented By: Jonathan Swire with The Agency;
Beds • 12
Baths • 8
SQFT • 5,119
Year Built • 1953
Home Details
PRICED TO SELL. 8 units on the Eastside of Long Beach in Belmont Heights - heavily remodeled in 2019 - over $400K in CAP EX spent. 11.4 GRM And 5.8% CAP against in-place rents. Excellent unit mix for the area with 1 and 2-bedroom units. 5 parking spaces in the rear (3 garages and 2 open). All units had new kitchens, baths, flooring, etc. in 2019. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). Exterior was updated in 2019 as well - new paint, windows, landscaping, lighting, etc. Put 30% Down. Excellent financing available for qualified Buyers - 5.25% 5-year fixed, fully amortized. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Presented By: Jonathan Swire with The Agency;
Interior Features for 4308 E 4th Street
Bedrooms
Total Bedrooms12
Bathrooms
Half Baths0
Total Baths8
1/4 Baths
3/4 Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2
General for 4308 E 4th Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.8
Carport Y/NNo
CityLong Beach
CoolingNone
CountyLos Angeles
Directions8 units on the Eastside of Long Beach in Belmont Heights.
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income206000.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6751.0
Lot Size UnitsSquareFeet
MLS Area2 - Belmont Heights, Alamitos Heights
MobileHomeRemainsYNNo
Net Operating Income135000.0
New ConstructionNo
Number Of Units Total8
Open Parking Spaces2.0
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Waterfront Y/NNo
Year Built1953
ZoningLBR3T
Exterior for 4308 E 4th Street
Building Area Total5119.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50x135
Lot Size Acres0.155
Lot Size Area6751.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking3.0
Additional Details
Price History
Keegan Cin
Team Lead
