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Buy a multi-family propertyat 3627 E 4th Street, Long Beach, CA 90814

$1,750,000

$0/mo

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Multifamily

6,504 Sq. Ft. lot

0 Bathrooms

270 Days on market

PW23139703 MLS ID

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About 3627 E 4th Street multi-family property

We are pleased to present this incredible value-add opportunity in a prime Long Beach location, 3627 E 4th St Long Beach, CA 90814. This property sits on a 6,500+ square foot lot, and is located in one of Long Beach's most sought-after neighborhoods, Belmont Heights. The building currently consists of two 1 bed/1 bath and two 2 bed/1 bath units. This offering allows the possibility for a savvy investor to add ADU's in the rear of the property, for additional income. Not taking into the account the addition of ADU's, 3627 E 4th St currently offers 14% upside in net operating income, upon leasing out all of the units at market rents. The property has recently received new copper plumbing, electrical upgrades, and $50,000 worth of exterior renovations. This investment property is truly a gem, as it has been well taken-care-of, resides in a remarkable location, has development potential, and offers the opportunity for an investor to realize more than 14% in upside
We are pleased to present this incredible value-add opportunity in a prime Long Beach location, 3627 E 4th St Long Beach, CA 90814. This property sits on a 6,500+ square foot lot, and is located in one of Long Beach's most sought-after neighborhoods, Belmont Heights. The building currently consists of two 1 bed/1 bath and two 2 bed/1 bath units. This offering allows the possibility for a savvy investor to add ADU's in the rear of the property, for additional income. Not taking into the account the addition of ADU's, 3627 E 4th St currently offers 14% upside in net operating income, upon leasing out all of the units at market rents. The property has recently received new copper plumbing, electrical upgrades, and $50,000 worth of exterior renovations. This investment property is truly a gem, as it has been well taken-care-of, resides in a remarkable location, has development potential, and offers the opportunity for an investor to realize more than 14% in upside

Property details

Building

2 total stories

Built in 1924

4000 total building sqft

2+ Common Walls

Community

Curbs

Expenses

Operating Expense: $34,643

Garage

4 garage spaces

Income

Gross Income: 100001

Gross Scheduled Income: 100001

Net Operating Income: 65349

Laundry

Common Area

Listing

Listing ID: PW23139703

Property Subtype: Quadruplex

First day on market

Listed on 2023-07-31

Rent controlled

Location

County: Los Angeles

Lot

6504 sqft

0.1493 acres

Area: 6504

Back Yard

Yard

Parking

4 total parking spaces

Property

2 buildings

4 units

Property attached

Sewer

Public Sewer

Tenant Pays

Electricity

Gas

Utilities

5 separate electric meters

5 separate gas meters

Monthly cost

Estimated monthly cost

$11,152/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,645,000

+$52,500

$1,697,500

Seller agent commission$52,500 (3%)*

$0 (0%)

Buyer agent commission$52,500 (3%)*

$52,500 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $52,500 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: Aug 8, 2023 at 4:34 p.m.

Data updated: Aug 1, 2023 at 2:05 p.m.

Property listed by Younglewin Advisors, Inc., Shane Young
Based on information from California Regional Multiple Listing Service, Inc. as of 08/01/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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