Long Beach, CA 90802,529 W 4th ST
Long Beach, CA 90802,529 W 4th ST
Long Beach, CA 90802,529 W 4th ST
Long Beach, CA 90802,529 W 4th ST
Long Beach, CA 90802,529 W 4th ST
Long Beach, CA 90802,529 W 4th ST
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$1,250,000

$1,299,000

3.8%
Est.Price: ?

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Est. payment /mo

7,487 Sqft Lot


SOLD DATE : 09/13/2021

Key Details

Sold Price $1,250,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Willmore District (Wm)

MLS Listing ID RS21106381

Sold Date 09/13/21

HOA Y/N No

Year Built 1900

Lot Size 7,487 Sqft

Property Description

This well priced and well located 4 unit property - currently configured as 5 units - is located in Long Beach, California only a few blocks from the Promenade, Pine Street Eateries, the Convention Center and the Pike outdoor shopping complex. The 5 unit property is comprised of 2 separate structures on a large 7497 SF lot. The front structure is a pre-craftsman house with 3 bedrooms/2bth, built in 1900.  The rear building is 1960-era construction and consists of 2 units with 2-Bedroom/1-Bth and 2 units with 1-Bedroom/1-Bth. All units are separately metered for gas and electricity. Front house was upgraded to newer plumbing and electricity in the 2000's. Both structures have newer roofs. This building is located two blocks away from the Long Beach Courthouse and walking distance to World Trade Center Long Beach and DTLB amenities. Tenants have convenient access to freeways as well as shops and restaurants. Coastal Long Beach has high demand and low vacancy rates. The city is currently investing in major redevelopment along with the Long Beach Port which is undergoing a $4 billion development. In addition, the $400 million Deukmajian Court House (Long Beach Courthouse) was completed in 2018. These factors, among many others, make this an excellent opportunity. Upside in the rents and amazing location! Don't miss this great investment opportunity in a dense rental market with low vacancy rate and strong income. Property address: 527 - 529 W 4th Street.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBPD30

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Pool None

Community Features Sidewalks

Total Parking Spaces 10

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Sewer Unknown

Water Other

New Construction No

Others

Senior Community No

Tax ID 7278026019

Acceptable Financing Cash to Existing Loan

Listing Terms Cash to Existing Loan

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Eileen Rivera • GE Dean and Associates
Bought with Anthony Walker • Buckingham Investments, Inc

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