1616 East 4th Street

Long Beach, CA 90802

$1,800,000
Price
6
Beds
6
Baths
5,300 Sq. Ft.
$340 / Sq. Ft.
5,300
Sq. Ft.
$340
per Sq. Ft.
a front view of a house with a garage
a front view of a house with a yard
a view of a house with a patio
a view of house with yard outdoor seating and entertaining space
a car parked in front of a house
a living room with furniture and a fireplace
a living room with furniture and a large window
a living room with furniture
a living room with furniture
a view of entryway
a view of a refrigerator with white cabinets
a bathroom with a sink vanity and a mirror
an empty room with wooden floor and windows
a view of an empty room with wooden floor and a window
a view of a hallway
a kitchen with stainless steel appliances cabinets and window
a bathroom with a toilet sink and mirror
a bedroom with a bed and a potted plant on the dresser
an empty room with wooden floor and windows
an empty room with wooden floor and windows
a kitchen with granite countertop stainless steel appliances a sink and a stove

Description

Fantastic Investment Opportunity! Located in the trendy and hip Retro Row neighborhood of Long Beach! 4) very spacious 1 bedroom units with classic art deco features, including classic mock-fireplaces in all of the livingrooms. Lovely archways between the Living and Dining rooms. Hardwood flooring custom built-ins and high ceilings, Plus extra closet space. The kitchens have gorgeous art deco tile back splashes and some with granite counters and breakfast nooks. The baths have custom 20's style flooring....Fantastic Investment Opportunity! Located in the trendy and hip Retro Row neighborhood of Long Beach! 4) very spacious 1 bedroom units with classic art deco features, including classic mock-fireplaces in all of the livingrooms. Lovely archways between the Living and Dining rooms. Hardwood flooring custom built-ins and high ceilings, Plus extra closet space. The kitchens have gorgeous art deco tile back splashes and some with granite counters and breakfast nooks. The baths have custom 20's style flooring. All 4 of these units come with their own private garage. The back building has 2) 1 bedroom units over the 4 garages, also with classic art deco features, built-ins and hardwood floors. There is a very large outdoor lawn with a patio between the two buildings, which creates a great community outdoor space for the occupants. All interior photos were previously taken by the owners of the property. Mostly long term tenants so there is definately an upside to the rental income. Just 4 blocks to the beach, and walking distance to award winning restaurants, amazing boutiques, art galleries and antique shops. The seller will entertain carrying the First Trust Deed!
  1. Listed by Cynthia Voss • DRE #00881330 • Brokerage DRE #01363872 • Re/Max R. E. Specialists • 562-884-3930
  2. Listed by Nathan Walter • DRE #01955448 • Brokerage DRE #01363872 • Re/Max R. E. Specialists

Property Details for 1616 East 4th Street

View
Neighborhood
Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5300
LISTING UPDATED: 11/11/2024 04:06 AM

Property Details for 1616 East 4th Street

StatusActive
MLS #PW24002716
Days on Market318
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
CountyLos Angeles County

Building Information for 1616 East 4th Street

Building/Complex1616 E 4th StFloor-Stories2Residences-Pet Policy-Year Built1929Building Size-

Property Information for 1616 East 4th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $130,435
  • Gross Scheduled Income: $136,140
  • Gross Spendable Income: $108,723
  • Net Operating Income: $108,723
  • Gross Multiplier: 13.29
  • Cap Rate: 6.0
Expense Details
  • Operating Expense: $26,757
  • New Taxes Expense: $19,800
  • Gardener Expense: $4,200
  • Fuel Expense: $400
  • Licenses Expense: $889
  • Electric Expense: $500
  • Insurance Expense: $7,785
  • Maintenance Expense: $9,007
  • Professional Management Expense: $0
  • Other Expense: $300
  • Other Expense Description: Legal
  • Trash Expense: $300
  • Water Sewer Expense: $316
  • Supplies Expense: $3,060
  • Total Expenses: $46,557
Tax / Assessment Info
  • Tax Tract Number: 2
  • Tax Census Tract: 5765.03
  • CFD/Mello-Roos Fee: $1,206
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Biking, Sidewalks, Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: Living Room, See Remarks
  • Fireplace Rooms: Living Room, Other
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet, Tile, Vinyl, Wood
Exterior Features
  • Entry Location: front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 6
  • Improvements Amount: $1,026,000.00
  • Land Lease: No
  • Land Lease Type: Fee
  • Land Value: $774,000.00
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Covered, Garage
Property / Structure Info
  • Builders Tract Name: Alamitos Beach
  • Builders Tract Code: Alamitos Beach (AB)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,195
  • Unit Type Total Rent: $2,195
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,225
  • Unit Type Total Rent: $2,225
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,550
  • Unit Type Total Rent: $1,550
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,575
  • Unit Type Total Rent: $1,575
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number With Range: 6
  • Number With Refrigerator: 6

Property History for 1616 East 4th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1616 East 4th Street

Taxable ValueLand$283,977Additions$369,174Total$653,151
Tax Record2024$9,377 ($781 / month)
Home Facts
Total Finished SqFt5,300 SqFtAbove Grade Finished SqFt5,300 SqFtLot Size6,731 SqFtStyleMulti-Family Res (5+ Units)Year Built1929ZoningLBCNRCountyLOS ANGELESAPN7275-016-005

Schools near 1616 East 4th Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Burbank Elementary School
Public - K to 5
Franklin Classical Middle School
Public - 6 to 8
Polytechnic High School
Public - 9 to 12
Clear Passage Educational Center
Charter - 9 to 12
Rating
School
Distance
Burbank Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Clear Passage Educational Center
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1616 East 4th Street, Long Beach, CA 90802

1616 East 4th Street is a multi-family home for sale in Long Beach, CA 90802. This property was listed for sale on January 5, 2024 by Re/Max R. E. Specialists, it's currently listed at $1,800,000. It has been on the market for a total of 318 days and was last sold on December 19, 2002. This listing's school district is Long Beach Unified School District. Nearby schools include Burbank Elementary School, Franklin Classical Middle School and Polytechnic High School. 1616 East 4th Street is a 6-bed, 6-bath, 5,300 sqft multi-family home built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re/Max R. E. Specialists, Cynthia Voss, DRE #00881330; Re/Max R. E. Specialists, Nathan Walter, DRE #01955448

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.