1427 E 4th St, Long Beach, CA 90802

1427 E 4th St, Long Beach, CA 90802

Long Beach, CA
$1,200,000

Property Description

INVESTMENT HIGHLIGHTS

  • Mixed-Use Building in Prime Long Beach (Zoned LBCNR)
  • All (4) Studio Units are Currently Vacant and Are Equipped With Full Kitchens
  • 5.55% Market CAP | 12.15 Market GRM
  • (5) Total Units: (1) Commercial, (4) Studio Units Upstairs
  • Commercial Space Can Be Split Between (2) Tenants and Features (2) Large Storage Rooms, (2) Bathrooms, (2) Meeting Rooms (Buyer to Verify)
  • Great Value-Add Opportunity | Perfect For an Owner-User or Commercial Investor

EXECUTIVE SUMMARY

Lyon Stahl is proud to present 1427 E 4th Street, a well-positioned mixed-use property in Long Beach. Built in 1929, the existing 5,065 SF building features (1) commercial unit downstairs and (4) studio units upstairs. The downstairs commercial space can be adapted to split between (2) tenants and features (2) large storage rooms, (2) bathrooms, (2) meeting rooms and an office. All (4) upstairs studio units are currently vacant and are equipped with full kitchens.
With a 5.55% market cap, this property is a unique opportunity for any investor or owner-user looking to capitalize on mixed use potential and a value-add proposition in the rapidly gentrifying Long Beach Area.

Property Features

  • Sale Price: $1,200,000
  • Area Size: 5,065 Sq. Ft.
  • Land Area: 2,951 Sq. Ft.
  • Year Built: 1929
  • Listing Date: 4/6/2023
  • Closing Date: 6/1/2023
  • Units: 4
  • Current GRM: 14.88
  • Current Cap Rate: 4.12%
  • Market GRM: 12.15
  • Market Cap Rate: 5.55%