$1,888,000 - 1023 -1031 E 4th Street, Long Beach

  • 0Beds
  • Baths
  • 0SQ. Feet
  • 0.17Acres

The following mixed-use opportunity consists of two separate structures and approximately 5,750 square feet of gross leasable space. The front building is just under 5,000 square feet containing one 1 bedroom 1 bath unit and one 2 bedroom 1 bath unit above three retail/commercial units. The second freestanding structure is a +/- 800 square foot two bedroom house. All tenants are Month to Month (MTM) and are paying conservative or below market rents. The MTM tenancy gives an owner user or an investor the ability to either occupy or reposition the property at market rents. This is a rare opportunity to purchase a mixed-use asset on just over a 7,500 square foot lot just outside of the East Village Arts District in Long Beach, CA. HIGHLIGHTS: LONG TERM tenants, low rents. Near 100% collection since COVID. LOCATED and on one of the best retail corridors in the city of Long Beach. WALK SCORE Walker's Paradise (93). NEW general plan allows for redevlopment up to 7 stories in the future. LONG BEACH is the up and coming coastal city in Los Angeles county. Hundreds of millions of dollars are pouring into this city and tons of high density mixed use development in planning or developing stages. MIXED-USE allows to diversify risk with both retail and residential tenants

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:OC21222156
  • Price:$1,888,000
  • Bathrooms:0.00
  • Acres:0.17
  • Year Built:1937
  • Type:Residential Income
  • Status:Closed

Community Information

  • Address:1023 -1031 E 4th Street
  • Area:4 - Downtown Area, Alamitos Beach
  • Subdivision:Alamitos Beach (AB)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90802

Amenities

  • Parking Spaces:6
  • Pool:None

Interior

  • # of Stories:2

Exterior

  • Lot Description:Street Level

Additional Information

  • Date Listed:October 22nd, 2021
  • Days on Market:86
  • Zoning:LBCO
  • HOA Fees:0.00

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Provided By: Ryan Sharpe, Kidder Mathews of California, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of May 21st, 2022 at 8:17pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.