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1827 E 4th St

19 Unit Apartment Building $11,622,844 CAD ($611,729 CAD/Unit) 4.97% Cap Rate Long Beach, CA 90802

Investment Highlights

  • Located on the Famous 4th Street “Retro Row” Near Carroll Park and Broadway Corridor
  • 100% New Building Systems Including Plumbing, Mechanical and Electrical
  • Eight Newly Constructed Tandem Garage Parking Spots with Storage Units
  • Fully Stabilized, Turnkey Asset / $1,600,000 in CAPEX Investment
  • Completely Renovated Units with Stainless Steel Appliances, In-Unit Washer & Dryer, & 9-Foot Ceilings
  • Individually Metered for Gas & Electric

Executive Summary

Triqor Group is proud to present 1827 4th Street in Long Beach, CA. The property presents a rare opportunity to invest in a new, fully stabilized, turnkey asset located in Long Beach’s iconic Retro Row — a vibrant, high-demand neighborhood known for its eclectic charm and walkable lifestyle. Meticulously renovated with over $1,600,000 in upgrades, this 19-unit property offers a seamless blend of 1920s character and modern amenities.
No detail has been overlooked in the comprehensive transformation of this property. The building features entirely new electrical systems, including updated city meters, rewired interiors, and newly installed subpanels for each unit. Plumbing has been completely overhauled, with new water lines, waste systems, and gas lines installed throughout. Each unit now includes added water and gas lines to accommodate modern conveniences like washers, dryers, and dishwashers, providing tenants with unmatched functionality and comfort.
The designer-managed interior renovations shine with high-end finishes such as shaker-style cabinetry, Calacatta gold quartz countertops, energy-efficient stainless steel appliances, and updated bathroom fixtures. The property also boasts new flooring, custom light fixtures, and fresh paint throughout, ensuring a premium living experience. Exterior improvements include new exterior lighting, upgraded common areas, and weatherproofing for windows and doors.
Located on 4th Street Retro Row, this property is surrounded by vintage boutiques, trendy restaurants, and a thriving arts scene. This pedestrian-friendly area boasts a Walk Score of 96, offering a lifestyle that attracts renters and keeps demand high. Whether strolling through nearby Carroll Park, enjoying the energy of the Broadway Corridor, or exploring the eclectic shops and dining options, Retro Row is a hub of activity and charm.
This property’s ideal location ensures easy access to downtown Long Beach, major employment centers, and entertainment hotspots, making it a highly desirable option for tenants. Additionally, Retro Row’s dynamic atmosphere, featuring art walks, festivals, and community events, continues to elevate its reputation as one of Long Beach’s most exciting neighborhoods.

Attachments

4th Street - OM

Property Facts

Price $11,622,844 CAD
Price Per Unit $611,729 CAD
Sale Type Investment
Cap Rate 4.97%
Gross Rent Multiplier 14.15
No. Units 19
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.20 AC
Building Size 12,658 SF
No. Stories 2
Year Built/Renovated 1928/2024
Parking Ratio 0.63/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 12 $2,961 CAD 550
1+1 4 $4,033 CAD 725
2+1 3 $4,394 CAD 756 - 800
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Biker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7266-026-036
Land Assessment
$2,922,858 CAD
Improvements Assessment
$2,754,794 CAD
Total Assessment
$5,677,652 CAD

zoning

Zoning Code CNR, Long Beach
CNR, Long Beach
  • Listing ID: 34082964

  • Date on Market: 2024-12-04

  • Last Updated:

  • Address: 1827 E 4th St, Long Beach, CA 90802

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