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1545 E 4th St 5 Unit Apartment Building $1,649,000 ($329,800/Unit) 5.30% Cap Rate Long Beach, CA 90802
Investment Highlights
- 5 units blocks from Retro Row in Long Beach.
- EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
- NOT subject to local rent control.
- All units heavily updated in 2020 including modern electrical.
Executive Summary
5 units located blocks from Retro Row in Long Beach. NOT subject to local rent control, just AB 1482 (CPI + 5% annual increase). The property features a 3 bedroom single family home and a 4plex in the rear with 4 1bed/1bath units. All units have washer dryers in them and have been heavily updated.
The electrical was updated in 2017. There is garage and street parking available. This is an excellent property as a 1031 Upleg or for a new investor.
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.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
The electrical was updated in 2017. There is garage and street parking available. This is an excellent property as a 1031 Upleg or for a new investor.
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.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$137,000
|
$14.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$137,000
|
$14.37
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $137,000 |
| Annual Per SF | $14.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $137,000 |
| Annual Per SF | $14.37 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,649,000 | Apartment Style | Low-Rise |
| Price Per Unit | $329,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.30% | Building Size | 9,537 SF |
| Gross Rent Multiplier | 12 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1923/2020 |
| Property Subtype | Apartment | Parking Ratio | 0.84/1,000 SF |
| Zoning | LBCNR | ||
| Price | $1,649,000 |
| Price Per Unit | $329,800 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| Gross Rent Multiplier | 12 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 9,537 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1923/2020 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | LBCNR |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Crown Molding
- Kitchen
- Hardwood Floors
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 700 |
| 3+2 | 1 | - | 850 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 7266-018-026 | Improvements Assessment | $529,088 |
| Land Assessment | $1,234,542 | Total Assessment | $1,763,630 |
Property Taxes
Parcel Number
7266-018-026
Land Assessment
$1,234,542
Improvements Assessment
$529,088
Total Assessment
$1,763,630
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1545 E 4th St
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