$1,100,000
 $5,905 est/mo Sourced by Back At You

3514 E 4th,Long Beach, CA 90814

Long Beach, CA 90814

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Description

3514 E. 4th Street is a charming four-unit multifamily property ideally positioned along Long Beach's highly desirable 4th Street / Retro Row corridor. Built in 1930, the property offers distinctive vintage character and consists of four oversized 1BD/1BA units averaging approximately 712 square feet. The property is offered at $1,100,000, equating to an attractive $275,000 per unit, with a current 5.52% cap rate. The asset benefits from strong in-place rents and a stable renter profile, providing immediate cash flow with limited reliance on future rent growth. Current rents average approximately $1,833 per unit, compared with an average of $1,915 among the selected rent comparables. With three of the four units already achieving $1,845 per month, the property offers an established income stream while retaining modest additional rental upside. Located east of Redondo Avenue in the heart of the 4th Street / Retro Row area, 3514 E. 4th Street offers residents walkable access to an extensive collection of restaurants, shops, and neighborhood amenities. The combination of a highly desirable Long Beach location, oversized units, strong existing rents and a sub-$300,000- per-unit basis presents a compelling opportunity to acquire a well- positioned four-unit asset in one of the city's most established rental markets.

Details

MLS #PW26215302
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1930
Days On Site20
Listing Provided ByKeller Williams Realty Downey | Robert Stepp

Features

SQ Feet2,848
Story(s)2
Units4
Building(s)1
Acreage0.06

Exterior

Lot FeaturesTwo To Five Units Acre

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesSidewalks

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90814
Area2 Belmont Heights | Alamitos Heights
Community NameBelmont Heights (BH)
Listing VS Median (in Belmont Heights (BH))
Price:
$1,100,000
low | high
Med:
$969,000
61.909090909091% of Average
sqft:
2,848
low | high
Med:
1,043
100% of Average
$ / sqft:
$386
low | high
Med:
$950
96.089296378214% of Average
On site:
20
low | high
Med:
17.5
100% of Average
Sourced by Back At You

Market Activity 90814

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Learn More About This Property

Jean Iovino

Jean Iovino

Desert Lifestyle Properties

02007087 (630) 333-7878jeansellsdesertlifestyle@gmail.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90814
Area2 Belmont Heights | Alamitos Heights
Community NameBelmont Heights (BH)
Listing VS Median (in Belmont Heights (BH))
Price:
$1,100,000
low | high
Med:
$969,000
61.909090909091% of Average
sqft:
2,848
low | high
Med:
1,043
100% of Average
$ / sqft:
$386
low | high
Med:
$950
96.089296378214% of Average
On site:
20
low | high
Med:
17.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $825K - $1.375M
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
373 Gladys Avenue Property Photo 1
$1,299,000
373 Gladys Avenue
Long Beach, CA 90814
Listing Updated: October 2, 2026 at 2:43:53 PM PDT