3011 E 4th St, Long Beach, CA 90814
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3011 E 4th St, Long Beach, CA 90814
3011 E 4th St, Long Beach, CA 90814
3011 E 4th St, Long Beach, CA 90814
3011 E 4th St, Long Beach, CA 90814
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$ 2,349,000
Est. payment /mo
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3011 E 4th St Long Beach, CA 90814

15 Beds

9 Baths

6,403 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,403 sqft

Price per Sqft $366

MLS Listing ID 26826121

Bedrooms 15

Year Built 1963

Lot Size 6,753 Sqft

Acres 0.155

Property Sub-Type Multi-Family

Property Description

PRICED TO SELL - 9.7X GRM AND 6.9% CAP AT MARKET RENTS - IN PRIME LONG BEACH. 8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0% total). Located on the East Side of Long Beach close to Belmont Shores and the Traffic Circle. The property is impeccably maintained and professionally managed. Excellent unit mix of 2 and 3 bed units featuring 4 garage spaces in the front of the property (each could be rented for $150 each). Unit interiors are in good condition, but a new owner could choose to upgrade them even further and increase rents to market, approx. 15% above current levels. There is an onsite laundry room. The main electrical panel is 200 AMPS - Buyer to verify. The 3 bedroom unit has a large private patio in the rear of the building. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs.

Location

State CA

County Los Angeles

Area Eastside, Circle Area

Zoning LBR3T

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment None

Exterior

Parking Features Assigned

Garage Spaces 8.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by The Agency

NEARBY SCHOOL & BUSINESS

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3011 E 4th St

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Name

Name

Phone*

Phone

Message

Message
Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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