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323 W 4th St
Long Beach, CA 90802
Units #201 & #203 · Multifamily Property For Sale
·
2 Units
Investment Highlights
- Own Your Own (OYO) Property
- Ideal for an owner-user strategy—live in one unit while generating income by renting out the other
- 2 Units on 1 Parcel
Executive Summary
Rare opportunity to own two studio units (#201 and #203) in one transaction in the heart of Downtown Long Beach. This is an Own Your Own (OYO) property—meaning buyers purchase shares in a corporation that owns the building, granting exclusive occupancy rights to the units. This structure often offers a more affordable entry point compared to traditional condos. Both studios have been remodeled and are move-in ready, featuring updated finishes and a clean, modern feel. Ideal for an owner-user strategy—live in one unit while generating income by renting out the other. Positioned in a highly desirable location, just steps from the vibrant energy of Pine Avenue and 3rd Street Promenade, with easy access to restaurants, bars, cafes, and boutique shops. With major global events on the horizon—including matches for the FIFA World Cup 2026 and the 2028 Summer Olympics—this property offers strong potential for future rental demand and long-term growth. A versatile investment in a prime location—don’t miss this unique opportunity. HOA covers gas, water, sewer, trash, building insurance and common areas.
Property Facts
| Price Per Unit | $249,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.48% | Building Size | 749 SF |
| No. Units | 2 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1923 |
| Apartment Style | Mid-Rise | ||
| Zoning | LBR4N | ||
| Price Per Unit | $249,500 |
| Sale Type | Investment |
| Cap Rate | 5.48% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 749 SF |
| Average Occupancy | 0% |
| No. Stories | 4 |
| Year Built | 1923 |
| Zoning | LBR4N |
Amenities
Unit Amenities
- Kitchen
- Oven
- Range
Site Amenities
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,675 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $737,841 | |
| Land Assessment | $647,417 | Total Assessment | $1,385,258 |
Property Taxes
Parcel Numbers
Land Assessment
$647,417
Improvements Assessment
$737,841
Total Assessment
$1,385,258
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