$1,645,000

1545 E 4th St Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated payment $10,410/month

Total Views 6,929
4 Beds
3 Baths
4,770 Sq Ft
$345 Price per Sq Ft

Highlights

  • 0.17 Acre Lot
  • No HOA
  • Park
  • Long Beach Polytechnic High School Rated A
  • Cooling System Mounted To A Wall/Window
  • 1-minute walk to Miracle On Fourth Street Park

About This Home

Located in the heart of Retro Row, just a mile from Alamitos Beach, this beautifully maintained multi-unit property offers a 5.7% CAP rate on current rents. The property features (4) one-bedroom/one-bathroom units and (1) three-bedroom/two-bathroom house, providing a versatile mix of rental options. Recent upgrades include a brand-new roof (2024) and modernized interiors, ensuring long-term value and tenant appeal.

Situated within walking distance to vintage shops, trendy cafes, and cultural attractions, this prime location offers high demand and strong rental income potential. Don't miss this exceptional investment opportunity.

Listing Agent

Rick Applebaum

Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01273871 Listed on: 03/10/2025

Co-Listing Agent

Paul Espinosa

Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01942627

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1923

Lot Details

  • 7,347 Sq Ft Lot
  • No Common Walls

Parking

  • 1 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 4,770 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 576502
  • Assessor Parcel Number 7266018026
  • $1,216 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units
  • Alamitos Beach Subdivision

Recreation

  • Park
  • Dog Park
  • Bike Trail

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $474
  • Gardener Expense $2,400
  • Insurance Expense $5,407
  • Maintenance Expense $5,324
  • Other Expense $2,222
  • Trash Expense $1,351
  • Water Sewer Expense $1,196
  • New Taxes Expense $21,617
  • Operating Expense $39,991
  • Gross Income $137,215
  • Net Operating Income $93,108

Property Details

Home Type

Apartment

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • CapRate: 5.66
  • Price Per Unit: 329000
  • Property Attached: No
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 1196.00
  • Zoning: LBCNR
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 7266018026
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Street
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 344.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1351.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Dog Park, Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7347.00
  • Lot Size Acres: 0.1687

Multi Family

  • Fuel Expense: 474.00
  • Gross Income: 137215.00
  • Gross Multiplier: 11.99
  • Gross Operating Income: 133099.00
  • Gross Scheduled Income: 137215.00
  • Insurance Expense: 5407.00
  • Lot Size Area: 7347.0000 Square Feet
  • Maintenance Expense: 5324.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 93108.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 39991.00
  • Operating Expense Percent: 29.10
  • Other Expense: 2222.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 39991.00
  • Vacancy Allowance: 4116
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 21617.00
  • Tax Census Tract: 5765.02
  • Tax Lot: 20
  • Tax Tract Number: 576502
  • TaxOtherAnnualAssessmentAmount: 1216.00

Map

Range of Values:

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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 Change Sq Ft Price
03/10/2025 03/10/25 For Sale $1,645,000 +49.5% $345 / Sq Ft
06/29/2017 06/29/17 Sold $1,100,000 +10.1% $231 / Sq Ft
06/05/2017 06/05/17 Pending -- -- --
05/30/2017 05/30/17 For Sale $999,000 -- $209 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25052506

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

1545 E 4th St, Long Beach, CA

This home is located at 1545 E 4th St, Long Beach, CA 90802 and is currently priced at $1,645,000, approximately $344 per square foot. This property was built in 1923. 1545 E 4th St is a home located in Los Angeles County with nearby schools including Burbank Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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.

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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Rick Applebaum
Listing Agent
Rick Applebaum
Section Image
Morgan Skenderian
(562) 614-4250