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Mixed-Use

1631 E 4th St

1631 E 4th St, Long Beach, CA 90802

Listing Price: $2,200,000

Cap Rate
5.60%
Number of Units
9
Occupancy
100.0%
Price/Unit
$244,444
Price/Gross SF
$464.72
Gross SF
4,734

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1631 East 4th Street, featuring 8 multifamily units and a commercial suite located in the North Alamitos Beach neighborhood of Long Beach, CA.

1631 East 4th Street offers a unique mix of studio, one, and two-bedroom residential units behind a single-story commercial suite. The gated property features 3 buildings and offers four surface parking spaces in the rear of the property.

Situated in a fantastic Long Beach location within the North Alamitos Beach neighborhood, 1631 East 4th Street is surrounded by an abundance of retail, dining, and entertainment options, as well as employers. The property is situated just blocks east of Retro Row, a collection of eclectic shops and restaurants, as well as 0.75 miles west of Downtown Long Beach, the city’s cultural and economic center. Additionally, residents enjoy the properties close proximity to an abundance of everyday needs at Grocery Outlet and El Mercado. Furthermore, 710 East 6th Street benefits from its location, providing easy access to a wide variety of local amenities including, The Pike Outlets, Long Beach Convention & Entertainment Center, Alamitos Beach, and more.

In summary, 1631 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.

Investment Highlights

  • Unique Mix of Studio, One, & Two- Bedroom Floor Plans
  • A 670 SF Commercial Suite with Ample Frontage Along 4th Street
  • Gated Pedestrian Access & Security Doors
  • Surface Parking, Providing an Additional Revenue Stream
  • Two Units Feature In-Unit Laundry, with Machines Currently Provided by Ownership (Units 1633 & 1633.5)
  • Excellent Location in the North Alamitos Beach Neighborhood
  • Easy Access to Everyday Needs at Grocery Outlet & El Mercado
  • Blocks Away From the Retail, Dining, & Entertainment Options at Retro Row

Exclusively Listed By

Financing By

Mixed-Use

1631 E 4th St

Listing Price: $2,200,000

Cap Rate
5.60%
Number of Units
9
Occupancy
100.0%
Price/Unit
$244,444
Price/Gross SF
$464.72
Gross SF
4,734

Investment Highlights

  • Unique Mix of Studio, One, & Two- Bedroom Floor Plans
  • A 670 SF Commercial Suite with Ample Frontage Along 4th Street
  • Gated Pedestrian Access & Security Doors
  • Surface Parking, Providing an Additional Revenue Stream
  • Two Units Feature In-Unit Laundry, with Machines Currently Provided by Ownership (Units 1633 & 1633.5)
  • Excellent Location in the North Alamitos Beach Neighborhood
  • Easy Access to Everyday Needs at Grocery Outlet & El Mercado
  • Blocks Away From the Retail, Dining, & Entertainment Options at Retro Row

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1631 East 4th Street, featuring 8 multifamily units and a commercial suite located in the North Alamitos Beach neighborhood of Long Beach, CA. 1631 East 4th Street offers a unique mix of studio, one, and two-bedroom residential units behind a single-story commercial suite. The gated property features 3 buildings and offers four surface parking spaces in the rear of the property. Situated in a fantastic Long Beach location within the North Alamitos Beach neighborhood, 1631 East 4th Street is surrounded by an abundance of retail, dining, and entertainment options, as well as employers. The property is situated just blocks east of Retro Row, a collection of eclectic shops and restaurants, as well as 0.75 miles west of Downtown Long Beach, the city’s cultural and economic center. Additionally, residents enjoy the properties close proximity to an abundance of everyday needs at Grocery Outlet and El Mercado. Furthermore, 710 East 6th Street benefits from its location, providing easy access to a wide variety of local amenities including, The Pike Outlets, Long Beach Convention & Entertainment Center, Alamitos Beach, and more. In summary, 1631 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.

Exclusively Listed By

Financing By

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