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About This Home
This 15-bedroom, 9-bathroom residential multi family at 3011 E 4th St in Long Beach, CA is listed for $2,349,000 ($367 per sqft). Built in 1963, the home offers 6,403 sqft of living space on a 0.16 acres lot.
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 project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs.
Key Features
- Built in 1963
- 0.15 acre lot
- 2 stories
- 8 parking spaces
Property Details
Monthly Cost Estimate
$12,563/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3011 E 4th St
Long Beach, CA 90814
Property Details
Parking
Questions & Answers
This 15-bedroom, 9-bathroom residential multi family at 3011 E 4th St is listed at $2,349,000 ($367/sqft). The estimated monthly payment is $10,179 based on 20% down at 6.5% interest.
Key features include: Built in 1963, 0.15 acre lot, 2 stories, 8 parking spaces.
This property is listed by Jonathan Swire and can be reached at 3109482631 or jon@jonswire.com.
