$2,650,000
SOLD JAN 2, 2025

1045 E 4th St Long Beach, CA 90802

North Alamitos Beach Neighborhood
1 Bed
1 Bath
8,720 Sq Ft
0.28 Acres

Recently Sold

$304 Per Sq Ft

24% Below List Price

168 Days on Market

About This Home

As of January 2025

We are pleased to present a 14 unit apartment building located at 1045 E. 4th Street in Long Beach, California. This is a value-add opportunity in a great location of Alamitos Beach. The subject property is close to 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists of 8,720 rentable square feet spread throughout a 11,980 square foot lot. It was built in 1922 and consists of all one bedroom / one bathroom units. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 5 garages which are generating income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores.

Last Agent to Sell the Property

Kevin King

Marcus & Millichap Brokerage Email: kking@marcusmillichap.com License #01158184 Listed on: 04/18/2024

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 8,720 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 576501
  • Assessor Parcel Number 7266009023
  • $2,745 per year additional tax assessments

Community Details

Overview

  • 14 Units
  • Alamitos Beach Subdivision

Building Details

  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,125
  • Fuel Expense $2,125
  • Gardener Expense $2,000
  • Insurance Expense $14,000
  • Maintenance Expense $11,900
  • Other Expense $3,500
  • Professional Management Expense $13,378
  • Trash Expense $2,125
  • Water Sewer Expense $2,125
  • New Taxes Expense $37,438
  • Operating Expense $91,431
  • Gross Income $267,569
  • Net Operating Income $176,138

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

5

Listing Details

  • Professional Management Expense: 13378.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 2125.00
  • Zoning: LBCNR
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2000.00
  • Parcel Number: 7266009023
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 303.90

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 2125.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 11980.00
  • Lot Size Acres: 0.2750

Multi Family

  • Electric Expense: 2125.00
  • Fuel Expense: 2125.00
  • Garage Income: 3900.00
  • Gross Income: 267569.00
  • Gross Scheduled Income: 271824.00
  • Insurance Expense: 14000.00
  • Lot Size Area: 11980.0000 Square Feet
  • Maintenance Expense: 11900.00
  • Net Operating Income: 176138.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 91431.00
  • Other Expense: 3500.00
  • Other Expense Description: Misc.
  • Rent Control: No
  • Total Expenses: 91431.00

Tax Info

  • New Taxes Expense: 37438.00
  • Tax Census Tract: 5765.01
  • Tax Lot: 9
  • Tax Tract Number: 576501
  • TaxOtherAnnualAssessmentAmount: 2745.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2025 01/02/25 Sold $2,650,000 -11.5% $304 / Sq Ft
10/03/2024 10/03/24 Pending -- -- --
08/20/2024 08/20/24 Price Changed $2,995,000 -10.6% $343 / Sq Ft
05/24/2024 05/24/24 Price Changed $3,350,000 -4.3% $384 / Sq Ft
04/18/2024 04/18/24 For Sale $3,500,000 -- $401 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin King

    Seller's Agent in 2025

    Kevin King

    Marcus & Millichap

    (562) 257-1245

    7 in this area

    42 Total Sales

    Kevin King
    Section Image

  • N

    Buyer's Agent in 2025

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    3 in this area

    6,161 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24077362

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90802 North Alamitos Beach

1045 E 4th St, Long Beach, CA

Sold

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. 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

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