Description

3514 E. 4th Street is a charming four-unit multifamily property ideally positioned along Long Beach’s highly desirable 4th Street / Retro Row corridor. Built in 1930, the property offers distinctive vintage character and consists of four oversized 1BD/1BA units averaging approximately 712 square feet. The property is offered at $1,100,000, equating to an attractive $275,000 per unit, with a current 5.52% cap rate. The asset benefits from strong in-place rents and a stable renter profile, providing immediate cash flow with limited reliance on future rent growth. Current rents average approximately $1,833 per unit, compared with an average of $1,915 among the selected rent comparables. With three of the four units already achieving $1,845 per month, the property offers an established income stream while retaining modest additional rental upside. Located east of Redondo Avenue in the heart of the 4th Street / Retro Row area, 3514 E. 4th Street offers residents walkable access to an extensive collection of restaurants, shops, and neighborhood amenities. The combination of a highly desirable Long Beach location, oversized units, strong existing rents and a sub-$300,000- per-unit basis presents a compelling opportunity to acquire a well- positioned four-unit asset in one of the city’s most established rental markets.

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Property information

Property type

Residential Income

Sub-type

Mixed Use

Year built

1930

Living area

2,848 Sq Ft

Lot size

0.06 acres

Price / Sq Ft

$386

Days on market

5

Stories

2

Parcel number

7257016002

Features

Laundry

Electric Dryer Hookup · Gas Dryer Hookup

Community

Sidewalks

Sewer / Water

Public Sewer · Public