$1,499,000 - 4505 E 4th Street, Long Beach

  • 0Beds
  • Baths
  • 2,750SQ. Feet
  • 0.14Acres

The best price and Gross Rent Multiplier on the market in the area at 15.2 GRM. These brand new buildings require little to no repairs, as this is a rare owner-user or investment opportunity to own three separate homes on a lot in Belmont Heights. This like-new property is within walking distance to the Colorado Lagoon, Marina Vista Park, Recreation Golf Course, and all of the shops and eateries along 4th Street. While the original structure was built in 1919, the front house has been gorgeously renovated, including new flooring, new paint, fully remodeled kitchen and bathrooms, tons of improvements to the major systems, and even a finished basement. The two homes in the rear are brand new construction that were just completed in September 2020, each being large 1 bed, 1 bath freestanding structures. Both of the rear homes include air-conditioning, washer and dryer, outdoor space, and garage parking. As an owner-user, the strong rents provide upside by lowering your monthly payments, while giving you the luxury of picking your neighbors. As an investor, the location, lifestyle, and income this property generates are hard to ignore. This investment is sure to appeal to a wide base of high-quality tenants that will pay strong rents to live in a brand new home in the highly-sought after Belmont Heights neighborhood.

Sales Agent

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

Essential Information

  • MLS® #:PW20219272
  • Price:$1,499,000
  • Bathrooms:0.00
  • Square Footage:2,750
  • Acres:0.14
  • Year Built:1919
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:4505 E 4th Street
  • Area:Belmont Heights, Alamitos Heights (2)
  • Subdivision:Belmont Heights (BH)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90814

Amenities

  • Parking Spaces:4
  • # of Garages:2

Interior

  • Appliances:Electric Water Heater, Gas Oven, Gas Range, Gas Stove
  • Heating:Central Furnace
  • Cooling:Central A/C
  • # of Stories:1
  • Stories:One Level

Exterior

  • Lot Description:0-1 Unit/Acre

Additional Information

  • Date Listed:October 16th, 2020
  • Days on Market:100
  • Zoning:LBR3T

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Similar Neighborhoods to "Belmont Heights (BH)" in Long Beach, California

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Belmont Heights (bh)

Bluff Park (blf)

  • City:
    Long Beach
  • Price Range:
    $1,249,000 - $2,998,750
  • Current Listings:
    5
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $629
  • Link:
    Bluff Park (BLF) Homes For Sale
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Provided By: Juan Huizar(01417642), Sage Real Estate.

Based on information from California Regional Multiple Listing Service, Inc. as of January 25th, 2021 at 5:26pm CST. 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.