$2,750,000 - 4108 4114 E Broadway, Long Beach

  • 0Beds
  • Baths
  • 3,424SQ. Feet
  • 0.11Acres

4108 E. Broadway is an impeccably renovated six-unit investment property located in Belmont Heights, one of the most popular rental markets in Southern California. The asset is fully stabilized, achieving robust rents for all units. The property offers four 1 BD / 1 BA units in the front building and two studio units in the rear building. A beautifully landscaped courtyard in between provides lounge space as well as BBQ and dining facilities. The property also offers ample parking with four garages and two surface spaces. Extensive interior renovations totaling over $50,000 per unit include new windows and doors, hardwood flooring, custom shaker-style cabinets, quartz countertops, in-unit washer/dryers, stainless steel appliances, new bathroom tile and modern lighting, ceiling fans and fixtures throughout. Exterior renovations include extensive repairs, hardscaping, lighting and new gates and fencing. The Belmont Heights location is desirable for young urban professionals seeking a quiet neighborhood ambiance with accessibility to outdoor activities along with shopping and dining amenities. The property is within minutes to the beach and bike path as well as the popular 2nd Street shopping and dining destination. The seller's renovations and management provide a new buyer with a nearly brand new condition property that is 100% occupied. In total, the tenant base has an average income of approximately $113K, well within range of housing affordability guidelines.

Sales Agent

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

Essential Information

  • MLS® #:PW20149194
  • Price:$2,750,000
  • Bathrooms:0.00
  • Square Footage:3,424
  • Acres:0.11
  • Year Built:1923
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:4108 4114 E Broadway
  • Area:Belmont Heights, Alamitos Heights (2)
  • Subdivision:Belmont Heights (BH)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90803

Amenities

  • Parking Spaces:6
  • # of Garages:4

Interior

  • Heating:Floor Furnace

Exterior

  • Lot Description:6-10 Units/Acre

Additional Information

  • Date Listed:July 27th, 2020
  • Days on Market:90
  • Zoning:LBR3S

Similar Type Properties to PW20149194, 4108 4114 E Broadway, Long Beach

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Belmont Heights (bh)

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Peninsula (pi)

  • City:
    Long Beach
  • Price Range:
    $1,899,000 - $2,295,000
  • Current Listings:
    2
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $1,249
  • Link:
    Peninsula (PI) Homes For Sale
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Provided By: Robert Stepp(01456379), Keller Williams - Santa Monica.

Based on information from California Regional Multiple Listing Service, Inc. as of October 26th, 2020 at 8:22am 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.