1711 1715 E 4th St, Long Beach, CA 90802

Property Description

1711 - 1715 East 4th Street is a 4-unit plus commercial space, mixed-use investment opportunity located in Long Beach, CA. 1711 - 1715 East 4th Street features 4, two-bedroom apartment units and an approximately 3,500 square foot showroom/office space. This commercial space is available to an Owner/User with a wide variety of uses. The property represents a unique value-add opportunity with ample upside. Long Beach’s continued strong residential rental metrics, including a 2022 vacancy rate of just 4 percent and year-over-year rent growth of 8.5 percent, provide a new owner with the opportunity to take advantage of the substantial demand for rental units in the area. With the property being delivered fully vacant, new ownership could complete a comprehensive renovation of the units, allowing them to achieve significant rental premiums compared to non-renovated units. Additionally, current ownership has invested significant capital into the refurbishment of the showroom space, which offers a plethora of possible user scenarios. 1711 - 1715 East 4th Street benefits from its excellent North Alamitos Beach location, just blocks away from the 4th Street Corridor, also known as Retro Row, providing residents with convenient access to an abundance of unique and vibrant retail, dining, and entertainment options. Additionally, the property’s central location provides convenient access to popular Long Beach destinations including Downtown, the Shoreline Marina, Alamitos Beach, Junipero Beach, and Bixby Park.