Long Beach, CA 90802 1545 E 4th Street
$1,645,000
5 more
Presented By: Rick Applebaum with Morgan Skenderian; rma@morganskenderian.com
Beds • 7
Baths • 3
SQFT • 4,770
Garage • 1
Year Built • 1923
Home Details
Located in the heart of Retro Row, just a mile from Alamitos Beach, this beautifully maintained multi-unit property offers a 5.7% CAP rate on current rents. The property features (4) one-bedroom/one-bathroom units and (1) three-bedroom/two-bathroom house, providing a versatile mix of rental options. Recent upgrades include a brand-new roof (2024) and modernized interiors, ensuring long-term value and tenant appeal.
Situated within walking distance to vintage shops, trendy cafes, and cultural attractions, this prime location offers high demand and strong rental income potential. Don't miss this exceptional investment opportunity.
Presented By: Rick Applebaum with Morgan Skenderian; rma@morganskenderian.com
Interior Features for 1545 E 4th Street
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, GasDryerHookup
Total Stories2
Other Rooms
Entry Level1
General for 1545 E 4th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.66
Carport Y/NNo
CityLong Beach
Community FeaturesBiking, Curbs, DogPark, Park, Sidewalks
CoolingWallWindowUnits
CountyLos Angeles
DirectionsSouth of 7th Street and East of Alamitos Avenue
Electric On Property Y/NNo
Entry LocationStreet
Fuel Expense474.0
Garage Spaces1.0
Garage Y/NYes
Gross Income137215.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense5407.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCashToNewLoan
Lot Size Square Feet7347.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MaintenanceExpense5324.0
MobileHomeRemainsYNNo
Net Operating Income93108.0
New ConstructionNo
Number Of Units Total5
Open Parking Spaces3.0
Operating Expense39991.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameAlamitos Beach (AB)
Tax Lot20
Taxes$21,617
Trash Expense1351.0
Water Sewer Expense1196.0
Waterfront Y/NNo
Year Built1923
Year Built SourceAssessor
ZoningLBCNR
Exterior for 1545 E 4th Street
Building Area Total4770.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1687
Lot Size Area7347.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDriveway, Garage
Private PoolNo
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Justin Hughey
Price
$1,645,000
MLS#PW25052506
List Date
03/10/2025
Property Type
Multi-Family
Phone
(562) 818-1655
