$1,500,000
$1,699,000
11.7%For more information regarding the value of a property, please contact us for a free consultation.
1535 E 4th ST Long Beach, CA 90802
2,841 SqFt
Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,841 sqft
Price per Sqft $527
MLS Listing ID PW24080350
Sold Date 08/06/24
HOA Y/N No
Year Built 1909
Annual Tax Amount $7,736
Lot Size 7,531 Sqft
Acres 0.1729
Property Description
Great Investment! Rarely on the market MIX USE PROPERTY in the The 4th Street Corridor, also known as Retro Row district. 3 Residential Units plus 1 commercial unit currently used as a restaurant (Jerry's Breakfast Place). Commercial Unit has a storage unit that is in the rear of restaurant. Front house is a Large 2 story 3bedrooms -1bathroom house. Attached is a non conforming 1 bedroom/ 3/4 bath unit that was present from inception of current ownership; Unit can possibly be converted to ADU. Detached back house is also a Large 1bedroom-1bathroom with dinning area, front yard and backyard; this house has room add additional square footage possibly turning into a 2 bedroom and also converting the garage into a Junior ADU. Please verify with city of Long Beach. These units have a 5 car garage off alley. Central courtyard for entertaining. A few blocks to the ocean. Live in one unit and let the other units help cover your mortgage. Freshly painted, quiet area, great neighborhood! A Rare find. Maybe eligible for SBA 7a Loan or SBA 504 loan with 10% down.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Rooms
Ensuite Laundry Washer Hookup, Inside
Interior
Laundry Location Washer Hookup,Inside
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Washer Hookup, Inside
Exterior
Fence Wrought Iron
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Roof Type Shingle
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 7266018025
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard, Trust
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Bought with Jim Chhun • First American Team Realty Inc
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442