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1545 E 4th St
Long Beach, CA 90802
Multifamily Property For Sale
·
5 Units
Investment Highlights
- 5 units blocks from Retro Row in Long Beach.
- EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
- NOT subject to local rent control.
- All units heavily updated in 2020 including modern electrical.
Executive Summary
5 units located blocks from Retro Row in Long Beach. NOT subject to local rent control, just AB 1482 (CPI + 5% annual increase). The property features a 3 bedroom single family home and a 4plex in the rear with 4 1bed/1bath units. All units have washer dryers in them and have been heavily updated.
The electrical was updated in 2017. There is garage and street parking available. This is an excellent property as a 1031 Upleg or for a new investor.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
The electrical was updated in 2017. There is garage and street parking available. This is an excellent property as a 1031 Upleg or for a new investor.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Property Facts
| Price Per Unit | $448,634 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.30% | Building Size | 9,537 SF |
| Gross Rent Multiplier | 12 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1923/2020 |
| Property Subtype | Apartment | Parking Ratio | 0.84/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LBCNR | ||
| Price Per Unit | $448,634 CAD |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| Gross Rent Multiplier | 12 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 9,537 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1923/2020 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | LBCNR |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Crown Molding
- Kitchen
- Hardwood Floors
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 700 |
| 3+2 | 1 | - | 850 |
Property Taxes
| Parcel Number | 7266-018-026 | Improvements Assessment | $719,729 CAD |
| Land Assessment | $1,679,372 CAD | Total Assessment | $2,399,101 CAD |
Property Taxes
Parcel Number
7266-018-026
Land Assessment
$1,679,372 CAD
Improvements Assessment
$719,729 CAD
Total Assessment
$2,399,101 CAD
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