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$1,600,000
Est. payment /mo
1 Bed
2 Baths
3,206 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Willmore District (Wm)
MLS Listing ID PW26218881
Bedrooms 1
Lot Size 3,206 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Welcome to 425 W 4th St, a well preserved 1920s multifamily property in the historic Willmore City neighborhood of Downtown Long Beach. The building blends vintage character with modern upgrades. It offers oversized one bedroom units of approximately 800 SF, each with a large double door walk in closet suitable for storage, a home office, or flex space. Original built ins, distinctive architectural moldings, and beautifully refinished original hardwood floors give the units a charm that is hard to find in today's rental market. Most units have been upgraded with modern kitchens and baths featuring quartz countertops and new tile, and select electrical and plumbing improvements have also been completed. Each unit includes its own washer and dryer, which is rare for vintage downtown product. The property has a 92 Walk Score and sits three blocks from the ocean. It is close to the new courthouse, parks, dining, transit, and major freeways, within a submarket with low vacancy and consistent tenant demand. It offers approximately a 6% current cap rate with an estimated 20% rental upside, giving investors stable cash flow and meaningful room for income growth.
Location
State CA
County Los Angeles
Zoning Assessor
Direction 4th & Magnolia
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 7280012021
Acceptable Financing Land Contract
Listing Terms Land Contract
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Listed by Daniel Gomez, DRE#02081392 Younglewin Advisors, Inc.
Co-listed byShane Young • Younglewin Advisors, Inc.
Co-listed byShane Young • Younglewin Advisors, Inc.
Nearby School & Business
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