$1,750,000
PENDING $250K PRICE DROP

Estimated payment $11,300/month

Total Views 3,463
5 Beds
5 Baths
4,734 Sq Ft
$370 Price per Sq Ft

Highlights

  • 0.15 Acre Lot
  • No HOA
  • Level Lot
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • 1-minute walk to Miracle On Fourth Street Park

About This Home

1631 East 4th Street features 8 multifamily units and a commercial suite located in the North Alamitos Beach neighborhood of Long Beach, CA. 1631 East 4th Street offers a unique mix of studio, one, and two-bedroom residential units behind a single-story commercial suite. The gated property features 3 buildings and offers four surface parking spaces in the rear of the property. Situated in a fantastic Long Beach location within the North Alamitos Beach neighborhood, 1631 East 4th Street is surrounded by an abundance of retail, dining, and entertainment options, as well as employers. The property is situated just blocks east of Retro Row, a collection of eclectic shops and restaurants, as well as 0.75 miles west of Downtown Long Beach, the city’s cultural and economic center. Additionally, residents enjoy the properties close proximity to an abundance of everyday needs at Grocery Outlet and El Mercado. Furthermore, 1631 East 4th Street benefits from its location, providing easy access to a wide variety of local amenities including, The Pike Outlets, Long Beach Convention & Entertainment Center, Alamitos Beach, and more. In summary, 1631 East 4th Street’s fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool.

Listing Agent

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 05/20/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $21,162

Year Built

  • Built in 1947

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Level Lot

Interior Spaces

  • 4,734 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 576503
  • Assessor Parcel Number 7266019026
  • $1,797 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 9 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,304
  • Fuel Expense $1,304
  • Insurance Expense $9,000
  • Maintenance Expense $6,300
  • Professional Management Expense $8,936
  • Trash Expense $1,304
  • Water Sewer Expense $1,304
  • New Taxes Expense $21,704
  • Operating Expense $62,853
  • Gross Income $184,248
  • Net Operating Income $115,868

Property Details

Home Type

Apartment

Est. Annual Taxes

$21,162

Year Built

Built in 1947

Lot Details

0

Listing Details

  • CapRate: 6.62
  • Price Per Unit: 194444
  • Professional Management Expense: 8936.00
  • Property Attached: No
  • Water Sewer Expenses: 1304.00
  • Zoning: LBCNR
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7266019026
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: First level
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 369.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1304.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Electric Expense: 1304.00
  • Fuel Expense: 1304.00
  • Gross Income: 184248.00
  • Gross Multiplier: 9.50
  • Gross Operating Income: 178721.00
  • Gross Scheduled Income: 184248.00
  • Insurance Expense: 9000.00
  • Lot Size Area: 0.1500 Acres
  • Maintenance Expense: 6300.00
  • Net Operating Income: 115868.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 62853.00
  • Operating Expense Percent: 35.20
  • Rent Control: No
  • Total Expenses: 62853.00
  • Vacancy Allowance: 5527
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 21704.00
  • Tax Census Tract: 5765.03
  • Tax Lot: 23
  • Tax Tract Number: 576503
  • TaxOtherAnnualAssessmentAmount: 1797.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $21,162 $1,591,744 $794,611 $797,133
2024 $21,162 $1,560,534 $779,031 $781,503
2023 $19,051 $1,390,377 $557,256 $833,121
2022 $17,896 $1,363,116 $546,330 $816,786
2021 $17,511 $1,336,389 $535,618 $800,771
2019 $16,655 $1,247,653 $519,732 $727,921
2018 $16,207 $1,223,208 $509,542 $713,666
2016 $14,925 $1,174,846 $489,756 $685,090
2015 $14,259 $1,150,000 $480,000 $670,000
2014 $10,540 $810,715 $347,947 $462,768
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 Pending -- -- --
07/02/2025 07/02/25 Price Changed $1,750,000 -7.9% $370 / Sq Ft
06/16/2025 06/16/25 Price Changed $1,900,000 -5.0% $401 / Sq Ft
05/20/2025 05/20/25 For Sale $2,000,000 -- $422 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Fidelity National Title
Grant Deed $1,150,000 Ticor Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $699,000 Lawyers Title Company
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $600,000 Commercial
Previous Owner $380,000 Commercial
Previous Owner $315,000 Commercial
Source: Public Records

Similar Homes in Long Beach, CA

  • 2221 Granada Ave, Long Beach, CA 90815

    $1,499,950

    • 4 Beds
    • 2 Baths
    • 1,794 Sq Ft
    • 2221 Granada Ave
    • Long Beach, CA

    Beautiful Duplex in great area, close to shopping, transportation, Cal State, City College. Front unit has hardwood floors, dining ell, beautiful kitchen with Quartz countertops, All appliances, Laundry cubby with Washer/Dryer. Back kitchen door leads to a small storage shed for your bikes and camping stuff, and then opens to a huge side Patio, complete with faux grass (no maintenance, just

    Connie Wildasinn WGroup Realtors

    Section Image
  • 1545 E 4th St, Long Beach, CA 90802

    $1,645,000

    • 4 Beds
    • 3 Baths
    • 4,770 Sq Ft
    • 1545 E 4th St
    • Long Beach, CA

    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

    Rick Applebaum Morgan Skenderian

    Section Image
  • 1242 E 7th St, Long Beach, CA 90813

    $1,690,000

    • 6 Beds
    • 4 Baths
    • 2,875 Sq Ft
    • 1242 E 7th St
    • Long Beach, CA

    Located at 1242 E 7th St., Long Beach, CA, this turnkey 4-unit property offers a prime investment or owner-user opportunity in a vibrant, centrally located neighborhood. The property sits on a 8,000 sq. ft. lot and features a 2,875 sq. ft. building, delivering a mix of spacious and stylishly remodeled units.The property includes one three-bedroom unit (~ 775 sq. ft.), two two-bedroom units

    Stelios Zoumberakis Keller Williams Coastal Prop.

    Section Image
  • 1135 E 3rd St, Long Beach, CA 90802

    $1,950,000

    • 3 Beds
    • 4 Baths
    • 6,715 Sq Ft
    • 1135 E 3rd St
    • Long Beach, CA

    Pleased to present 1135 E. 3rd Street, an 11-unit apartment investment opportunity located in the sought-after Long Beach neighborhood of Alamitos Beach. Offered for sale for the first time in decades, the property is ideally located just a short walk from the beach, and mere minutes from both Downtown and Retro Row. It is comprised of (10) studios (2 of which are exceptionally large), and (1)

    Damien Breaux Morgan Skenderian

    Section Image
  • 1169 E Broadway, Long Beach, CA 90802

    $1,649,000

    • 3 Beds
    • 2 Baths
    • 3,544 Sq Ft
    • 1169 E Broadway
    • Long Beach, CA

    Fantastic opportunity to own a pristine Residential Income 4 Unit Property located in one of the best positions in the entire city of Long Beach, CA! This is your chance to own a beautiful asset, which has been thoroughly renovated recently, in the host city for the 2028 Los Angeles Olympic and Paralympic Games. Each unit will rent with ease, in one of the most landlord-friendly cities in all

    Jeff Warren Compass

    Section Image
  • 1209 E 1st St, Long Beach, CA 90802

    $1,599,000

    • 4 Beds
    • 3,452 Sq Ft
    • 1209 E 1st St
    • Long Beach, CA

    Prime 4-Unit income property near the beach featuring four spacious 1-bedroom, 1-bathroom units just steps from the sand in the thriving Long Beach market. Separate free standing 2-car garage in the back with sewer line that runs directly under allowing for a convenient conversion into a 2 bed 1 bath ADU(open parking available at end of driveway). GRM on market rents of 14.5X, 11.6X after ADU

    Tyson Storr Buckingham Investments, Inc.

    Section Image
  • 2415 E 7th St, Long Beach, CA 90804

    $1,399,000

    • 3 Beds
    • 6 Baths
    • 3,133 Sq Ft
    • 2415 E 7th St
    • Long Beach, CA

    Prime East Side Long Beach - Coastal Gem: 5-Unit Investment Opportunity Blocks Away from the Sand! Asking $1,399,000Seize the opportunity to own a piece of Long Beach's vibrant coastal landscape at 2415 7th Street. This outstanding 5-unitapartment building, listed at $1,399,000, offers the ultimate in location and income potential, with the beach a mere sevenblocks away – perfect for

    Julio Bonilla Keller Williams Pacific Estates

    Section Image
  • 958 E 2nd St, Long Beach, CA 90802

    $1,625,000

    • 4 Beds
    • 4 Baths
    • 3,296 Sq Ft
    • 958 E 2nd St
    • Long Beach, CA

    Unlock the potential of this charming 4-plex property with four spacious 1-bedroom, 1-bathroom units, ideally situated just steps from the beach in beautiful Long Beach. Whether you're looking to expand your portfolio or find a lucrative rental property, this gem offers exceptional value and prime positioning.Located just a short stroll from the beach, residents will enjoy easy access to coastal

    Craig Miller Wilshire Advisory Group, Inc

    Section Image
  • 1100 E 10th St, Long Beach, CA 90813

    $1,400,000

    • 2 Beds
    • 2 Baths
    • 3,879 Sq Ft
    • 1100 E 10th St
    • Long Beach, CA

    A fantastic opportunity to purchase a prime Mixed-Use Residential & Commercial Property in Long Beach with huge cash flow potential.Excellent location with Great Visibility of this 2507 SF Beer & Wine Convenience market situated on the front corner of veryheavily traveled 10th and Alamitos streets. The adjacent 1372 SF building has two residential homes each complete with 1BR,1 BA.

    Gurinder Singh NATIONAL REALTY GROUP

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25112766

California Regional Multiple Listing Service (CRMLS)

APN: 7266-019-026