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1227 E 4th St
Long Beach, CA 90802
Retail Property For Sale
Investment Highlights
- Value-Add Opportunity for investors to bring the apartment rents up to market, which have grown 17% year-over-year in LB. 4.8% Pro Forma Cap Rate.
- Urban, Infill Location ideally situated 4 blocks from the beach and just east of both Downtown Long Beach and the East Village Arts District.
- Ideal 1031 exchange available for quick close to accommodate exchange timelines.
- Corner Property Along Highly Desired E 4th Street and just a short walk to Retro Row, featuring a diverse mix of 40+ independence merchants.
- Incredibly tight market fundamentals with only one commercial unit currently marketed as available along two miles of E 4th Street.
- Low Management Hassle as an easy to manage 3 tenant property with no deferred maintenance.
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,298 SF
Building Class
C
Year Built
1928
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.06
Lot Size
0.05 AC
Zoning
LBCNR - Neighborhood Commercial Zoning Districts
Parking
15 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
35’ on East 4th Street
Property Taxes
| Parcel Number | 7266-014-015 | Improvements Assessment | $408,000 |
| Land Assessment | $497,250 | Total Assessment | $905,250 |
Property Taxes
Parcel Number
7266-014-015
Land Assessment
$497,250
Improvements Assessment
$408,000
Total Assessment
$905,250
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