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1616 E 4Th St, Long Beach, CA 90802
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1616 E 4Th St Long Beach, CA 90802

$1,900,000
  • 6 Beds
  • 6 Baths
  • 5,300 Sq.Ft.
For Sale
$1,900,000 Get Pre-Qualified
Map preview of 1616 E 4Th St, Long Beach, CA 90802

Property Overview: 1616 E 4Th St Long Beach, CA has 6 bedrooms, 6 bathrooms, 5,300 living square feet and 6,733 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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!

Listed by Cynthia Voss | BRE #00881330 | Re/Max R. E. Specialists
Co-listed by Nathan Walter | BRE #01955448 | Re/Max R. E. Specialists
Last checked: 6 minutes ago | Last updated: March 7th, 2024 | Source CRMLS | DOM: 107
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Home details

Lot Sq. Ft
6,733
HOA Dues
$0/mo
Year built
1929
Garage
4 Car
Property Type:
Apartment
Status
Active
MLS#
PW24002716
City
Long Beach
County
Los Angeles
Time on Site
117 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,195
  • Total Rent: $2,195
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,020
  • Total Rent: $2,020
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,825
  • Total Rent: $1,825
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,475
  • Total Rent: $1,475
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.27%
  • Gross Rent Multiplier: 14.6
  • Gross Scheduled Income: $130,380
  • Net Operating Income: $103,623
  • Gross Operating Income: --
  • Gross Spendable Income: $103,623
  • Improvements Total: $1,083,000
Annual Expense Breakdown
  • Total Operating Expense: $26,757
  • Electric: $500
  • Gas/Fuel: $400
  • Licenses: $889
  • New Taxes: $22,420
  • Trash: $300
  • Gardener: $4,200
  • Insurance: $7,785
  • Maintenance: $9,007
  • Professional Management: $0
  • Water/Sewer: $316
  • Other Expenses: $300
  • Other Expense Description: Legal

Open Houses for 1616 E 4Th St

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Property Details for 1616 E 4Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • Has Fireplace
  • Living Room, See Remarks
Room Information
  • Flooring: Carpet, Tile, Vinyl, Wood
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Covered, Garage
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7275016005
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: Between Cherry and Walnut on the south side of 4th
Neighborhood Information
  • Community Features: Biking, Sidewalks, Urban
View more facts & features

Local Long Beach Agent

Sale History for 1616 E 4Th St

Last sold for $460,000 on December 19th, 2002

  • January, 2024

  • Jan 5, 2024

    Date

    Active

    CRMLS: PW24002716

    $2,100,000

    Price

  • December, 2002

  • Dec 19, 2002

    Date

    Sold (Public Records)

    Public Records

    $460,000

    Price

Show More

Tax History for 1616 E 4Th St

Assessed Value (2020): $609,172
Year Land Value Improved Value Assessed Value
2020 $264,856 $344,316 $609,172

Home Value Compared to the Market

This property vs the competition

1616 E 4Th St is listed 137.53% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $644 and this home is listed at $358.49 per/sqft which puts the price per square foot 44.33% lower than the median price per square foot for the city of Long Beach.

About 1616 E 4Th St

Detailed summary of property

1616 E 4Th St is a apartment located in Long Beach, CA 90802 and is currently for sale. This apartment offers 6 bedrooms, 6 bathrooms, roughly 5,300 living square feet, and sits on an approximately 6,733 square foot lot. 1616 E 4Th St was first listed on ArdentRealEstateGroup.com on January 5, 2024. The homeowner is currently asking $1,900,000 and was originally asking $2,100,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $644. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 137.53% higher than the median priced home. Local competing homes currently for sale include 1706 Sherman Pl, 650 E 15th St and 720 Coronado Ave. While the average home in Long Beach, CA is selling in 54 days, 1616 E 4Th St has a days on market of 107 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 1616 E 4Th St Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1616 E 4Th St

Public county record property details
Beds
6
Baths
6
Year built
1929
Sq. Ft.
5,300
Lot Size
6,731
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
7275-016-005

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$530,000
Median List Price/Sq.Ft.
$627
Median Sold Price
$505,000
Median Sold Price/Sq.Ft.
$634
Total Inventory
124
Median Sale to List Price %
96.19%
Avg Days on Market
34
Loan Type
Conventional (50%), FHA (3.57%), VA (3.57%), Cash (28.57%), Other (10.71%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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