1711 - 1715 East 4th Street

For Sale

1711 - 1715 East 4th Street, Long Beach, CA 90802

This Long Beach property for sale is located at 1711 - 1715 East 4th Street. The current listed sale price for 1711 - 1715 East 4th Street is $1,800,000. 1711 - 1715 East 4th Street is situated on a lot that is 0.17 acre in size.

Contacts

broker

Nick Kazemi

The Leeson Group Marcus & Millichap

(949) 419-3333

Property Details

  • Property Type Multi-Family
  • Property Size 7,700 SF
  • Units 5
  • Lot Size 0.17 Acre
  • Year Built 1927
  • Date Updated Feb 27, 2024
N/AThe Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present 1711 - 1715 East 4th Street, a 4-unit plus commercial space, mixed-use investment opportunity located in Long Beach, CA. 1711 - 1715 East 4th Street features 4, two-bedroom apartment units, each with 2 bathrooms, and an approximately 3,500 square foot showroom/office space. This commercial space is available to an Owner/ User with a wide variety of uses. The property represents a unique value-add opportunity with ample upside. Long Beach’s continued strong residential rental metrics, including a 2022 vacancy rate of just 4 percent and year-over-year rent growth of 8.5 percent, provide a new owner with the opportunity to take advantage of the substantial demand for rental units in the area. With current rents well below market rates, new ownership could complete a comprehensive renovation of the units, allowing them to achieve significant rental premiums compared to non-renovated units. Additionally, current ownership has invested significant capital into the refurbishment of the showroom space, which offers a plethora of possible user scenarios. 1711 - 1715 East 4th Street benefits from its excellent North Alamitos Beach location, just blocks away from the 4th Street Corridor, also known as Retro Row, providing residents with convenient access to an abundance of unique and vibrant retail, dining, and entertainment options. Additionally, the property’s central location provides convenient access to popular Long Beach destinations including Downtown, the Shoreline Marina, Alamitos Beach, Junipero Beach, and Bixby Park. In summary, 1711 - 1715 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. This overall demand for well-located and maintained apartment units and showroom spaces will be a key driver in the continued growth and success at 1711 -1715 East 4th Street.

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Highlights

  • Spacious Two-Bedroom Units Measuring Approximately 1,050 Square Feet
  • 3,500 Square Foot Showroom/Office Space: a Canvas for a Variety of Usage Scenarios
  • Rare Alamitos Beach Owner/User Investment Opportunity
  • Offset Ownership Costs with Residential Unit Income
  • Potential Seller Carry Financing Available
  • Attractive North Alamitos Beach Location
  • Within Walking Distance of Retro Row, a Lively Corridor of Long Beach’s Most Unique & Vibrant Shops & Restaurants
  • Within 0.60 Miles of Alamitos Beach, Junipero Beach, & the Shoreline Bike Path
  • Within 1.25 Miles of 2nd Street, the Heart of Belmont Shore & Home to a Plethora of Retail, Dining, & Entertainment Options

Getting around

  • 96/100

    Walk Score ®

  • 50/100

    Transit Score ®

  • 93/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Long Beach, CA
  • Neighborhood Alamitos Beach
  • Zip Code 90802
  • Market Los Angeles

Points of Interest

  • 5th Street

    1.08 miles

  • 1st Street

    1.10 miles

  • Anaheim Street

    1.27 miles

  • Downtown Long Beach

    1.31 miles

  • Pacific Avenue

    1.33 miles

  • Pacific Coast Highway

    1.61 miles

  • Willow Street

    2.63 miles

  • Wardlow

    3.61 miles

  • Del Amo

    5.73 miles

  • Artesia

    7.81 miles

  • USA gas

    0.61 miles

  • Chevron

    0.69 miles

  • Shell

    0.79 miles

  • ARCO

    0.97 miles

  • SB gas

    1.06 miles

  • Chevron

    1.10 miles

  • Mobil

    1.28 miles

  • Chevron

    1.60 miles

  • 76

    1.61 miles

  • Arco

    1.62 miles

  • Long Beach Transit

    0.79 miles

  • Parking structure

    1.19 miles

  • parking structure

    1.23 miles

  • Lot 6

    1.25 miles

  • Lot 5

    1.28 miles

  • Lot 8

    1.28 miles

  • 4th & Pacific Lot

    1.31 miles

  • Lot 7 staff

    1.31 miles

  • Lot 1

    1.31 miles

  • Lot 3 Staff

    1.35 miles

  • Long Beach Motel

    0.52 miles

  • Argonne Motel

    0.54 miles

  • Beach Plaza Hotel

    0.56 miles

  • Beach Inn Motel

    0.65 miles

  • Vagabond Inn Convention Center Long Beach

    0.71 miles

  • Travelodge Convention Center

    0.86 miles

  • City Center Motel

    0.87 miles

  • Rodeway Inn Long Beach Convention Center

    0.87 miles

  • The Inn of Long Beach

    0.88 miles

  • Courtyard by Marriott Long Beach Downtown

    0.92 miles

  • Big Saver Food

    0.40 miles

  • Northgate Market

    0.47 miles

  • Ralphs

    0.76 miles

  • Vons

    0.83 miles

  • El Super

    1.02 miles

  • La Bodega

    1.03 miles

  • Smart & Final Extra!

    1.10 miles

  • Food 4 Less

    1.15 miles

  • Factory 2-U

    1.16 miles

  • Total Fashion

    1.18 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Nick Kazemi

The Leeson Group Marcus & Millichap

(949) 419-3333