1944 E 4th St
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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
Walk Score ®
Walker's Paradise (97)
Bike Score ®
Biker's Paradise (93)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 7275-017-008 | Improvements Assessment | $1,335,914 CAD |
Land Assessment | $427,615 CAD | Total Assessment | $1,763,530 CAD |
PROPERTY TAXES
Parcel Number
7275-017-008
Land Assessment
$427,615 CAD
Improvements Assessment
$1,335,914 CAD
Total Assessment
$1,763,530 CAD
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1944 E 4th St
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