Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

7

Building size

5,796 sqft

Lot size

3,206 sqft

Year built

1920

Stories

3

Garage spaces

1

Pool

None

Status

Active

Days on market

0

MLS #

248389417

About this property

Welcome to 425 W 4th St, a well preserved 1920s multifamily property in the historic Willmore City neighborhood of Downtown Long Beach. The building blends vintage character with modern upgrades. It offers oversized one bedroom units of approximately 800 SF, each with a large double door walk in closet suitable for storage, a home office, or flex space. Original built ins, distinctive architectural moldings, and beautifully refinished original hardwood floors give the units a charm that is hard to find in today's rental market. Most units have been upgraded with modern kitchens and baths featuring quartz countertops and new tile, and select electrical and plumbing improvements have also been completed. Each unit includes its own washer and dryer, which is rare for vintage downtown product. The property has a 92 Walk Score and sits three blocks from the ocean. It is close to the new courthouse, parks, dining, transit, and major freeways, within a submarket with low vacancy and consistent tenant demand. It offers approximately a 6% current cap rate with an estimated 20% rental upside, giving investors stable cash flow and meaningful room for income growth.

Location

425 W 4th

Long Beach, Los Angeles, CA, 90802