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$1,499,000

4505 E 4th Street
Long Beach, CA 90814

For Sale|Multi-Family|Active
Subdivision:
County:
Los Angeles

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(619) 353-5888
4505 E 4th Street4505 E 4th Street4505 E 4th Street4505 E 4th Street
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The best price and Gross Rent Multiplier on the market in the area at 15.2 GRM. These brand new buildings require little to no repairs, as this is a rare owner-user or investment opportunity to own three separate homes on a lot in Belmont Heights. This like-new property is within walking distance to the Colorado Lagoon, Marina Vista Park, Recreation Golf Course, and all of the shops and eateries along 4th Street. While the original structure was built in 1919, the front house has been gorgeously renovated The best price and Gross Rent Multiplier on the market in the area at 15.2 GRM. These brand new buildings require little to no repairs, as this is a rare owner-user or investment opportunity to own three separate homes on a lot in Belmont Heights. This like-new property is within walking distance to the Colorado Lagoon, Marina Vista Park, Recreation Golf Course, and all of the shops and eateries along 4th Street. While the original structure was built in 1919, the front house has been gorgeously renovated, including new flooring, new paint, fully remodeled kitchen and bathrooms, tons of improvements to the major systems, and even a finished basement. The two homes in the rear are brand new construction that were just completed in September 2020, each being large 1 bed, 1 bath freestanding structures. Both of the rear homes include air-conditioning, washer and dryer, outdoor space, and garage parking. As an owner-user, the strong rents provide upside by lowering your monthly payments, while giving you the luxury of picking your neighbors. As an investor, the location, lifestyle, and income this property generates are hard to ignore. This investment is sure to appeal to a wide base of high-quality tenants that will pay strong rents to live in a brand new home in the highly-sought after Belmont Heights neighborhood.

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Listing Snapshot
Price
$1,499,000
Days Online
91 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Partial Baths
N/A
Lot Size
0.1402 Acres
Year Built
N/A
MLS Number
PW20219272
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
5 days agoListing updated with changes from the MLS
3 months agoListing first seen online
General Features
Terms
CashConventional
Stories
1 Story
Interior Features
Water Heater Type
Electric
Cooling
Central Forced Air
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Exterior Features
Pool
N/K
Schools
School District
Unknown
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Sage Real Estate

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2018-present San Diego MLS®.
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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