Seller's Agent in 2025
Kevin King
Marcus & Millichap
(562) 257-1245
7 in this area
39 Total Sales
1045 E 4th St Long Beach, CA 90802
North Alamitos Beach Neighborhood
1
Bed
1
Bath
8,720
Sq Ft
0.28
Acres
About This Home
As of January 2025We 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
Marcus & Millichap Brokerage Email: kking@marcusmillichap.com License #01158184 Listed on: 04/18/2024
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
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Home Values in the Area
Average Home Value in this Area
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
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,863 | $2,650,000 | $1,650,000 | $1,000,000 |
| 2024 | $11,863 | $723,858 | $443,181 | $280,677 |
| 2023 | $11,635 | $709,666 | $434,492 | $275,174 |
| 2022 | $10,985 | $695,752 | $425,973 | $269,779 |
| 2021 | $10,689 | $682,111 | $417,621 | $264,490 |
| 2019 | $10,538 | $666,681 | $405,235 | $261,446 |
| 2018 | $10,088 | $653,704 | $397,290 | $256,414 |
| 2016 | $9,279 | $623,708 | $381,863 | $241,845 |
| 2015 | $8,950 | $614,341 | $376,128 | $238,213 |
| 2014 | $8,966 | $602,308 | $368,761 | $233,547 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
-
NoEmail NoEmail
N
Buyer's Agent in 2025
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
3 in this area
6,291 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24077362
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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