3514 E 4th, Long Beach, CA 90814
3514 E 4th, Long Beach, CA 90814
3514 E 4th, Long Beach, CA 90814
3514 E 4th, Long Beach, CA 90814
3514 E 4th, Long Beach, CA 90814
3514 E 4th, Long Beach, CA 90814
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HomeSmart Realty Group

HomeSmart Realty Group

+1(949) 878-8721
$ 1,100,000
Est. payment | /mo

2,465 Sqft Lot

Save
$ 1,100,000
Est. payment | /mo
Save

2,465 Sqft Lot

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Belmont Heights (Bh)

MLS Listing ID PW26215302

HOA Y/N No

Year Built 1930

Lot Size 2,465 Sqft

Property Sub-Type Mixed Use

Property Description

3514 E. 4th Street is a charming four-unit multifamily property ideally positioned along Long Beach's highly desirable 4th Street / Retro Row corridor. Built in 1930, the property offers distinctive vintage character and consists of four oversized 1BD/1BA units averaging approximately 712 square feet. The property is offered at $1,100,000, equating to an attractive $275,000 per unit, with a current 5.52% cap rate. The asset benefits from strong in-place rents and a stable renter profile, providing immediate cash flow with limited reliance on future rent growth. Current rents average approximately $1,833 per unit, compared with an average of $1,915 among the selected rent comparables. With three of the four units already achieving $1,845 per month, the property offers an established income stream while retaining modest additional rental upside. Located east of Redondo Avenue in the heart of the 4th Street / Retro Row area, 3514 E. 4th Street offers residents walkable access to an extensive collection of restaurants, shops, and neighborhood amenities. The combination of a highly desirable Long Beach location, oversized units, strong existing rents and a sub-$300,000- per-unit basis presents a compelling opportunity to acquire a well- positioned four-unit asset in one of the city's most established rental markets.

Location

State CA

County Los Angeles

Area 2 - Belmont Heights, Alamitos Heights

Interior

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7257016002

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Robert Stepp Keller Williams Realty Downey 310-463-2916, DRE #01456379

Nearby Locations

HomeSmart Realty Group

+1(949) 878-8721

admin@realtygrouphs.com

3750 Schaufele Ave Suite 270, Beach, California 90808, United States

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3514 E 4th