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4308 E 4th St Long Beach, CA 90814
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Key Details
Sold Price $2,400,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,119 sqft
Price per Sqft $468
MLS Listing ID 25497543
Sold Date 05/09/25
Bedrooms 12
Year Built 1953
Lot Size 6,751 Sqft
Acres 0.155
Property Sub-Type Multi-Family
Property Description
PRICED TO SELL. 8 units on the Eastside of Long Beach in Belmont Heights - heavily remodeled in 2019 - over $400K in CAP EX spent. 11.4 GRM And 5.8% CAP against in-place rents. Excellent unit mix for the area with 1 and 2-bedroom units. 5 parking spaces in the rear (3 garages and 2 open). All units had new kitchens, baths, flooring, etc. in 2019. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). Exterior was updated in 2019 as well - new paint, windows, landscaping, lighting, etc. Put 30% Down. Excellent financing available for qualified Buyers - 5.25% 5-year fixed, fully amortized. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Location
State CA
County Los Angeles
Area Belmont Heights, Alamitos Heights
Zoning LBR3T
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment None
Exterior
Parking Features Assigned
Garage Spaces 3.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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Bought with The Agency
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