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1944 E 4th St

5,817 SF 100% Leased Retail Building Long Beach, CA 90802 $2,715,245 CAD ($467 CAD/SF) 8.49% Cap Rate

Investment Highlights

  • Mixed use property featuring two commercial first floor units and 4 residential second floor units.

Executive Summary

Heart of hip Retro Row Fourth Street just blocks from the Beach! Priced by out-of-State Seller for seamless Sale. Beautifully restored 2-story Mixed-use hard corner Cherry & 4th. Multiple cherished longtime Tenants: 4 Loft-like spacious high ceilings Residential (upstairs) + 2 high profile Commercial (ground floor). Long Beach suddenly top 3 traded markets nationally! No better property or neighborhood than this! Across street from Alder & Sage Restaurant & among countless other local landmarks!

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,817 SF
Building Class
C
Year Built
1928
Price
$2,715,245 CAD
Price Per SF
$467 CAD
Cap Rate
8.49%
NOI
$230,632 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.67
Lot Size
0.08 AC
Zoning
CNR - CNR -A mixed-use district permitting small scale commercial uses and/or moderate density residential development at R-3-T densities.
Frontage
35 ft on 4th St
Walk Score ®
Walker's Paradise (97)
Bike Score ®
Biker's Paradise (93)
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.®

Nearby Major Retailers

Jazzercise
Northgate Gonzalez Market
Grocery Outlet
Ralphs
Starbucks
Bank of America
Five Guys
Vons
Food 4 Less
Lee's Sandwiches

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7275-017-008
Land Assessment
$427,615 CAD
Improvements Assessment
$1,335,914 CAD
Total Assessment
$1,763,530 CAD
  • Listing ID: 32442452

  • Date on Market: 2024-07-12

  • Last Updated:

  • Address: 1944 E 4th St, Long Beach, CA 90802

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