$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