1731 4th Street, Long Beach, CA, 90802

1731 4th Street, Long Beach, CA, 90802 < >
for sale
$1,795,000
Year Built:1948
Status:Active Under Contract
MLS #:RS17202002
Date Updated:
For information contact:
CENTURY 21 Ditton Realty
559-683-7653
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Go See This Home
This is an incredible investment opportunity to purchase a prime mixed-use landmark building in Long Beach with huge cash flow potential. Property is located in the heart of the Retro Row Corridor consisting of (1) retail/commercial space encompassing approx. 4,200 square feet and (1) 3 Bed / 1 Bath residential unit in the back over (4) on-site garages. The current owner operates the local staple "Ashley's on 4th Restaurant & Bar" in the 4,200 SF space and rents the rear 3 bed / 1 bath residential unit for $2,000/mth. Owner also leases the parking lot across the street (16 spaces) for $1,000/mth located at 1720 E 4th Street, which can be assigned to the Buyer. Per the Seller, industrial A/C & refrigeration units are newer, roughly 90% of electrical has been upgraded, new sewer line 8 years ago and has 100% copper plumbing. Great opportunity for a Buyer to make some capital improvements and re-rent the retail & residential units at market rents to increase cash flow.
Exterior Details
Roof: Flat

Community Information
County Or Parish: Los AngelesDirections: West of Cherry corner of 4th & Hermosa
MLS Area Major: 2 - Belmont Heights, Alamitos Heights

Property Information From MLS Data
Business Type: Commercial, Food & Beverage, Mixed, Restaurant, RetailNumber Of Buildings: 2
Property Sub Type: Mixed UseYear Built: 1948
Zoning: CNR

Utilities
Water Source: Public

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Monthly Payment for 1731 4th Street
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Price:$1,795,000
Down Payment:
Loan Amount:$1,436,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Andrew McAllister, Nationwide Real Estate Execs

Information obtained from CACRMLS is current as of 12/14/2017 2:29 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.