

Listed by Kristina Moore Properties
$2,699,000
433 W 4th Long Beach
Details
APN 7280012018
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,674
Units 12
NOI $175,298
Price per SqFt $311
Year Built 1919
Buildings 3
Stories 2
Lot Size (SqFt) 4,515
Multifamily | 12 Units
Marketing description
433 W 4th Street is a rare 12-unit investment opportunity just 4 blocks from the ocean. 3 Separate buildings consisting of 4 units each with a unit mix of 10-1 bedroom / 1 bath units and 2- 2 bed/ 1 bathroom units. HUGE building Sq. Ft. 8,674 total which is approximately 722 Sq Ft. per unit these are large spacious units. Individually metered for gas, electricity and water keeps owners expenses down with tenants paying all utilities. Walking distance to Pine Avenue, restaurants, shopping, nightlife, and waterfront attractions that continue to drive demand in one of Southern California’s fastest growing rental markets. With strong rental demand, easy access to the 710 freeway, and continued redevelopment throughout Downtown Long Beach, 433 W 4th Street presents an exceptional opportunity for investors looking to acquire a coastal multi-family asset with immediate cash flow opportunity! Hurry a deal like this will not last long!
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Listed by Kristina Moore Properties
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$175,298.00
$14,608.17/mo
Valuation Metrics
0
DSCR
6.49%
Cap Rate
6.49%
ROI
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