Skip to main content

Mixed-Use

1711 - 1715 East 4th Street

1711 - 1715 East 4th Street, Long Beach, CA 90802

Listing Price: $1,800,000

Cap Rate
5.09%
Number of Units
4
Occupancy
100.0%
Price/Unit
$450,000
Price/Gross SF
$233.77
Gross SF
7,700

Investment Overview

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present 1711 - 1715 East 4th Street, a 4-unit plus commercial space, mixed-use investment opportunity located in Long Beach, CA. 1711 - 1715 East 4th Street features 4, two-bedroom apartment units, each with 2 bathrooms, and an approximately 3,500 square foot showroom/office space. This commercial space is available to an Owner/ User with a wide variety of uses.

The property represents a unique value-add opportunity with ample upside. Long Beach’s continued strong residential rental metrics, including a 2022 vacancy rate of just 4 percent and year-over-year rent growth of 8.5 percent, provide a new owner with the opportunity to take advantage of the substantial demand for rental units in the area. With current rents well below market rates, new ownership could complete a comprehensive renovation of the units, allowing them to achieve significant rental premiums compared to non-renovated units. Additionally, current ownership has invested significant capital into the refurbishment of the showroom space, which offers a plethora of possible user scenarios.

1711 - 1715 East 4th Street benefits from its excellent North Alamitos Beach location, just blocks away from the 4th Street Corridor, also known as Retro Row, providing residents with convenient access to an abundance of unique and vibrant retail, dining, and entertainment options. Additionally, the property’s central location provides convenient access to popular Long Beach destinations including Downtown, the Shoreline Marina, Alamitos Beach, Junipero Beach, and Bixby Park.

In summary, 1711 - 1715 East 4th Street’s fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool. This overall demand for well-located and maintained apartment units and showroom spaces will be a key driver in the continued growth and success at 1711 -1715 East 4th Street.

Investment Highlights

  • Spacious Two-Bedroom Units Measuring Approximately 1,050 Square Feet
  • 3,500 Square Foot Showroom/Office Space: a Canvas for a Variety of Usage Scenarios
  • Rare Alamitos Beach Owner/User Investment Opportunity
  • Offset Ownership Costs with Residential Unit Income
  • Potential Seller Carry Financing Available
  • Attractive North Alamitos Beach Location
  • Within Walking Distance of Retro Row, a Lively Corridor of Long Beach's Most Unique & Vibrant Shops & Restaurants
  • Within 0.60 Miles of Alamitos Beach, Junipero Beach, & the Shoreline Bike Path

Exclusively Listed By

Financing By

Mixed-Use

1711 - 1715 East 4th Street

Listing Price: $1,800,000

Cap Rate
5.09%
Number of Units
4
Occupancy
100.0%
Price/Unit
$450,000
Price/Gross SF
$233.77
Gross SF
7,700

Investment Highlights

  • Spacious Two-Bedroom Units Measuring Approximately 1,050 Square Feet
  • 3,500 Square Foot Showroom/Office Space: a Canvas for a Variety of Usage Scenarios
  • Rare Alamitos Beach Owner/User Investment Opportunity
  • Offset Ownership Costs with Residential Unit Income
  • Potential Seller Carry Financing Available
  • Attractive North Alamitos Beach Location
  • Within Walking Distance of Retro Row, a Lively Corridor of Long Beach's Most Unique & Vibrant Shops & Restaurants
  • Within 0.60 Miles of Alamitos Beach, Junipero Beach, & the Shoreline Bike Path

Investment Overview

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present 1711 - 1715 East 4th Street, a 4-unit plus commercial space, mixed-use investment opportunity located in Long Beach, CA. 1711 - 1715 East 4th Street features 4, two-bedroom apartment units, each with 2 bathrooms, and an approximately 3,500 square foot showroom/office space. This commercial space is available to an Owner/ User with a wide variety of uses. The property represents a unique value-add opportunity with ample upside. Long Beach’s continued strong residential rental metrics, including a 2022 vacancy rate of just 4 percent and year-over-year rent growth of 8.5 percent, provide a new owner with the opportunity to take advantage of the substantial demand for rental units in the area. With current rents well below market rates, new ownership could complete a comprehensive renovation of the units, allowing them to achieve significant rental premiums compared to non-renovated units. Additionally, current ownership has invested significant capital into the refurbishment of the showroom space, which offers a plethora of possible user scenarios. 1711 - 1715 East 4th Street benefits from its excellent North Alamitos Beach location, just blocks away from the 4th Street Corridor, also known as Retro Row, providing residents with convenient access to an abundance of unique and vibrant retail, dining, and entertainment options. Additionally, the property’s central location provides convenient access to popular Long Beach destinations including Downtown, the Shoreline Marina, Alamitos Beach, Junipero Beach, and Bixby Park. In summary, 1711 - 1715 East 4th Street’s fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool. This overall demand for well-located and maintained apartment units and showroom spaces will be a key driver in the continued growth and success at 1711 -1715 East 4th Street.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower