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$2,100,000
Est. payment /mo
5 Beds
5 Baths
0.43 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID OC26064399
Bedrooms 5
Lot Size 0.430 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
613 - 627 West 4th Street is a unique 10-unit multifamily investment opportunity situated on two adjacent parcels in Downtown Long Beach, California. The offering consists of a 9-unit cottage-style apartment community and a detached single-family residence located on the neighboring parcel. The cottage parcel features single-story construction with individual entrances, creating a low-density residential layout that differs from traditional corridor-style multifamily properties. The adjacent parcel is improved with a single-family home featuring a spacious backyard. At the rear of the lot are three private garages with gated areas in front, providing additional parking or storage space. Originally constructed between 1901 and 1918, the property offers a diverse unit mix consisting of 1 studio unit, 5 one-bedroom/one-bath units, 2 two-bedroom/one-bath units, 1 two-bedroom/one-and-one-half-bath unit, and 1 three-bedroom/two-bath unit. The variety of floor plans allows the property to appeal to a broad tenant base within the Downtown Long Beach rental market. Ownership has completed several recent capital improvements, including roof replacements in 2020 and 2021 and five recently replaced water heaters. Additional interior upgrades and unit improvements have been completed across multiple units in 2025 and 2026, including flooring replacement, interior painting, kitchen counter reglazing, and various unit turn improvements. 613 - 627 West 4th Street is located within walking distance of major Downtown Long Beach employers and neighborhood amenities, supporting consistent rent
Location
State CA
County Los Angeles
Zoning Assessor
Direction Cross Streets of West 4th Street & Daisy Avenue
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7278025026
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
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Listed by Christian Tait, DRE#02111248 Marcus & Millichap RE Invest
Nearby Locations
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