Long Beach, CA 90802,1229 E 4th ST
Long Beach, CA 90802,1229 E 4th ST
Long Beach, CA 90802,1229 E 4th ST
8
$2,550,000
$2,900,000
12.1%
Est.Price: ?

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7,442 SqFt

1229 E 4th ST Long Beach, CA 90802

Est. payment /mo
SOLD DATE : 08/23/2024

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Key Details

Sold Price $2,550,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 7,442 sqft

Price per Sqft $342

Subdivision Alamitos Beach (Ab)

MLS Listing ID PW24077326

Sold Date 08/23/24

HOA Y/N No

Year Built 1936

Lot Size 6,534 Sqft

Property Description

We are pleased to present a 12 unit apartment building located at 1229 - 1231 E. 4th Street in Long Beach, California. This is a value-add opportunity in a great location of Alamitos Beach. The subject property is close to 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists 6 parcels for a total of 7,442 rentable square feet spread throughout a 6,745 square foot lot. It was built in 1936 and consists of all one bedroom / one bathroom units. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 7 garages which are generating income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBR3T

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Exterior

Garage Spaces 7.0

Garage Description 7.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 7

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community Yes

Tax ID 7266014019

Energy Description 2750.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kevin King • Marcus & Millichap • kking@marcusmillichap.com
Bought with General NONMEMBER • NONMEMBER MRML

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Nicole Parent

Broker Associate | License ID: 01827226

+1(559) 930-7171

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