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939-941 E 4th St 4,000 SF 100% Leased Retail Building Long Beach, CA 90802 $1,595,000 ($398.75/SF) 6.04% Cap Rate
Investment Highlights
- An approximately 4,000 square feet 2-story mixed-use retail and multi-family residential building on a 0.056-acre lot.
- Close proximity to Beaches, The Promenade, Long Beach Waterfront.
- Easy access to Metro A Line stations, I-605, I-405, Long Beach Airport and the greater Los Angeles/Orange County basin.
- Walkable location near restaurants, galleries, boutiques, professional services in and around the East Village Arts District and the 4th Street Retro.
- As well as Convention & Entertainment Center, including the Queen Mary and Shoreline Village as well as the recently opened Long Beach Amphitheater.
Executive Summary
Marcus and Millichap REIS is pleased to present 939 E 4th Street, Long Beach, CA an approximate
4,000 sq. ft. 2-story vintage mixed-use property on approximately 2,465 sq. ft of land area.
The property is located the Alamitos Beach neighborhood adjacent to the East Village Arts District
of Downtown Long Beach and adjacent to 4th Street Retro Row, a distinctive Long Beach eclectic
retail corridor.
The property includes an approximate 2,080 square feet of commercial space divided into 2 restaurant/
bar tenancies front E 4th Street and approximately 1,920 square feet of residential area containing
2-1-bedroom and 1-bathroom and 2-Studio and 1-bathroom units as well as an interior corridor.
The ground level includes the Stache Bar, a well-established type-48 licensed local bar which originally
opened in July 2009 and in 2020 the operator expanded into the adjoining space and created Sideburns
Hamburger Grill.
The property is adjacent to Downtown Long Beach as well as The East Village Arts and the 4th Street Retro
Row Business Districts, all of which are city’s most established lifestyle districts, known for its collection of
independent retailers, galleries, cafés, restaurants, salons, and creative businesses.
4,000 sq. ft. 2-story vintage mixed-use property on approximately 2,465 sq. ft of land area.
The property is located the Alamitos Beach neighborhood adjacent to the East Village Arts District
of Downtown Long Beach and adjacent to 4th Street Retro Row, a distinctive Long Beach eclectic
retail corridor.
The property includes an approximate 2,080 square feet of commercial space divided into 2 restaurant/
bar tenancies front E 4th Street and approximately 1,920 square feet of residential area containing
2-1-bedroom and 1-bathroom and 2-Studio and 1-bathroom units as well as an interior corridor.
The ground level includes the Stache Bar, a well-established type-48 licensed local bar which originally
opened in July 2009 and in 2020 the operator expanded into the adjoining space and created Sideburns
Hamburger Grill.
The property is adjacent to Downtown Long Beach as well as The East Village Arts and the 4th Street Retro
Row Business Districts, all of which are city’s most established lifestyle districts, known for its collection of
independent retailers, galleries, cafés, restaurants, salons, and creative businesses.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
C
Year Built
1913
Price
$1,595,000
Price Per SF
$398.75
Cap Rate
6.04%
NOI
$96,333
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.62
Lot Size
0.06 AC
Zoning
CO, Long Beach - Commercial/Office/Residential (Mixed-Use).
Frontage
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7266-008-014 | Improvements Assessment | $562,755 |
| Land Assessment | $301,695 | Total Assessment | $864,450 |
Property Taxes
Parcel Number
7266-008-014
Land Assessment
$301,695
Improvements Assessment
$562,755
Total Assessment
$864,450
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