3011 E 4th Street, Long Beach, CA 90814

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
3011 E 4th Street,Long Beach, CA 90814
$2,344,000
  • 15 Beds
  • 9 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26826121
Source:CRMLS

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Price summary

  • Price:$2,344,000

About this home

PRICED TO SELL - 9.7X GRM AND 6.9% CAP AT MARKET RENTS - IN PRIME LONG BEACH. 8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0% total). Located on the East Side of Long Beach close to Belmont Shores and the Traffic Circle. The property is impeccably maintained and professionally managed. Excellent unit mix of 2 and 3 bed units featuring 4 garage spaces in the front of the property (each could be rented for $150 each). Unit interiors are in good condition, but a new owner could choose to upgrade them even further and increase rents to market, approx. 15% above current levels. There is an onsite laundry room. The main electrical panel is 200 AMPS - Buyer to verify. The 3 bedroom unit has a large private patio in the rear of the building. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The...

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Home facts

  • Year built:1963
  • Listing ID #:26826121
  • Added:55 day(s) ago
  • Updated:June 30, 2026 at 07:12 AM

Rooms and interior

  • Bedrooms:15
  • Total bathrooms:9

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1963
  • Levels:2 Story

Finances and disclosures

  • Price:$2,344,000

Parking

  • Total parking spaces:8
  • Parking description:Assigned
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