3700 E 4th Street,Long Beach, CA 90814
Long Beach, CA 90814
Description
3700 East 4th Street is an 8-unit multifamily investment property located in the Belmont Heights neighborhood of Long Beach, California. Constructed in 1963, the property totals approximately 6,336 net rentable square feet on a 0.14-acre parcel and features a desirable unit mix of 4 one-bed/one-bath units, 1 two-bed/one-bath unit, and 3 two-bed/two-bath units. 3700 East 4th Street offers investors the opportunity to acquire a well-positioned multifamily asset in one of Long Beach’s most desirable coastal rental neighborhoods. Belmont Heights is known for its established residential character, proximity to the beach, and access to popular lifestyle amenities, supporting strong renter demand within the immediate area. The property provides several resident amenities, including 4 single-car garages, on-site laundry, security/screen doors, and in-unit laundry in 4 of the units. Current ownership has also maintained the asset through recent improvements, including a roof replacement completed in 2024. In addition to its physical attributes, the property benefits from strong in-place rents, as ownership has kept rents aligned through regular increases. Offered at a 5.99% cap rate on current rents, 3700 East 4th Street provides investors with immediate in-place income in a high-demand Belmont Heights location, while maintaining long-term appeal through its coastal Long Beach setting, functional unit mix, and proximity to daily conveniences and lifestyle amenities.
Details
| MLS # | OC26146653 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 58 |
| Listing Provided By | Marcus & Millichap RE Invest | Tyler Leeson |
Features
| SQ Feet | 6,336 |
|---|---|
| Garage | 4 |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Acreage | 0.14 |
Exterior
| Lot Features | Street Level |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Gutters, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90814 |
| Area | 2 Belmont Heights | Alamitos Heights |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $2,350,000 low | high Med: $809,000 sqft: 6,336 low | high Med: 1,132 $ / sqft: $371 low | high Med: $715 On site: 58 low | high Med: 11 | |
Market Activity 90814
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90814 |
| Area | 2 Belmont Heights | Alamitos Heights |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $2,350,000 low | high Med: $809,000 sqft: 6,336 low | high Med: 1,132 $ / sqft: $371 low | high Med: $715 On site: 58 low | high Med: 11 | |
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