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1535 E 4th Street

Long Beach, CA 90802
  • $1,699,000
  • STATUS: Active Under Contract
  • ON SITE: 62 Days
  • ID#: PW24080350
Under Contract
UPDATED: 117 min ago
$1,699,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1909
County:

School Ratings & Info

Listing Agent(s): Jocelyn Thav of Jocelyn Thav, Broker (562-787-3243)


Description

Great Investment! Rarely on the market MIX USE PROPERTY in the The 4th Street Corridor, also known as Retro Row district. 3 Residential Units plus 1 commercial unit currently used as a restaurant (Jerry's Breakfast Place). Commercial Unit has a storage unit that is in the rear of restaurant. Front house is a Large 2 story 3bedrooms -1bathroom house. Attached is a non conforming 1 bedroom/ 3/4 bath unit that was present from inception of current ownership; Unit can possibly be converted to ADU. Detached back house is also a Large 1bedroom-1bathroom with dinning area, front yard and backyard; this house has room add additional square footage possibly turning into a 2 bedroom and also converting the garage into a Junior ADU. Please verify with city of Long Beach. These units have a 5 car garage off alley. Central courtyard for entertaining. A few blocks to the ocean. Live in one unit and let the other units help cover your mortgage. Freshly painted, quiet area, great neighborhood! A Rare find. Maybe eligible for SBA 7a Loan or SBA 504 loan with 10% down.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-24T23:28:02.823. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/149768890
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1535 E 4th Street Long Beach, CA 90802

  • Price: $1,699,000
  • Status: Active Under Contract
  • On Site: 62 Days
  • Updated: 117 min ago
  • ID#: PW24080350
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1909
Built
Neighborhood:
4 - Downtown Area, Alamitos Beach
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
Great Investment! Rarely on the market MIX USE PROPERTY in the The 4th Street Corridor, also known as Retro Row district. 3 Residential Units plus 1 commercial unit currently used as a restaurant (Jerry's Breakfast Place). Commercial Unit has a storage unit that is in the rear of restaurant. Front house is a Large 2 story 3bedrooms -1bathroom house. Attached is a non conforming 1 bedroom/ 3/4 bath unit that was present from inception of current ownership; Unit can possibly be converted to ADU. Detached back house is also a Large 1bedroom-1bathroom with dinning area, front yard and backyard; this house has room add additional square footage possibly turning into a 2 bedroom and also converting the garage into a Junior ADU. Please verify with city of Long Beach. These units have a 5 car garage off alley. Central courtyard for entertaining. A few blocks to the ocean. Live in one unit and let the other units help cover your mortgage. Freshly painted, quiet area, great neighborhood! A Rare find. Maybe eligible for SBA 7a Loan or SBA 504 loan with 10% down.
Exterior Features

Entry Level 2 Fencing Wrought Iron Lot Features 0-1 Unit/Acre Roof Shingle

Interior Features

Cooling Wall/Window Unit(s) Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Electric Expense 0 Gross Scheduled Income 91272 Insurance Expense 2353 Land Lease YN No Laundry Features Washer HookupInside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Net Operating Income 78783 Number Of Units Leased 4 Operating Expense 12489 Other Expense 900 Property Sub Type Mixed Use Special Listing Conditions StandardTrust Tax Annual Amount 7736 Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer Connected Water Sewer Expense 1500 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-24T23:28:02.823. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Jocelyn Thav of Jocelyn Thav, Broker (562-787-3243)