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1427 E 4th St 6 Unit Apartment Building $1,999,000 ($333,167/Unit) 6.60% Cap Rate Long Beach, CA 90802
Investment Highlights
- Turnkey Fully Renovated Income Property Offered at 6.6% Cap Rate
- Located in the high traffic corridor of 4th St
- Great Mix of Two Commercial Units on Ground Floor and Four Residential Units Above
- Commercial Tenants - Popular Coffee Shop and High End Body Restore Healing Station
Executive Summary
Prime Mixed-Use Investment | Retro Row – Long Beach*** 1427 E 4th St is a fully renovated property located in the heart of Long Beach’s high-traffic Retro Row. The 5,065 SF building consists of 2 street-level retail units (leased to a popular Coffee Shop and an Upscale Salon on long-term leases) and 4 residential units (2 one-bedroom units and 2 studios), all fully upgraded and turnkey. Offered at the BEST PRICE PER SQ.FT. in the market, the property delivers a 6.60% Cap Rate with strong NOI and IMMEDIATE CASH FLOW. Retail benefits from consistent foot traffic and destination-level visibility, while residential units perform well in a low-vacancy rental market. Recent comprehensive renovations translate to minimal maintenance and solid upside through rent growth. Located in a corridor supported by ongoing Long Beach infrastructure and redevelopment investment, this asset offers stable income with long-term appreciation.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,999,000 | Apartment Style | Low-Rise |
| Price Per Unit | $333,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 6.60% | Building Size | 6,065 SF |
| Gross Rent Multiplier | 11.29 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1929/2025 |
| Property Subtype | Apartment | ||
| Zoning | LBCNR - Commercial | ||
| Price | $1,999,000 |
| Price Per Unit | $333,167 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| Gross Rent Multiplier | 11.29 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 6,065 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1929/2025 |
| Zoning | LBCNR - Commercial |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (94)
Property Taxes
| Parcel Number | 7266-018-036 | Improvements Assessment | $832,320 |
| Land Assessment | $416,160 | Total Assessment | $1,248,480 |
Property Taxes
Parcel Number
7266-018-036
Land Assessment
$416,160
Improvements Assessment
$832,320
Total Assessment
$1,248,480
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1427 E 4th St
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