UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Bay View Heights
MLS Listing ID PW26093940
HOA Y/N No
Year Built 1923
Annual Tax Amount $29,217
Lot Size 5,414 Sqft
Property Sub-Type Mixed Use
Property Description
East 4th Street is a a busy mixed-use street developed with retail, office, multi-residential units and a few single-family homes. It is one of the main east/west traffic corridors through the neighborhood. Belmont Heights is one of the area's most sought-after coastal submarkets with a broad tenant base of young professionals, families and long-term residents. Woodrow Wilson High School is located just three blocks to the north of the Property. The 229-acre, city-owned Recreation Park is located one-quarter mile to the east and features a community center, two golf courses, a tennis center, fishing pond and a baseball stadium. The heart of trendy Belmont Shore is three quarters of a mile to the south. California State University, Long Beach is located one and one-quarter miles to the northeast. City Beach, Bluff Park and the Belmont Pier are less than one mile to the south. Long Beach Municipal Airport is located less than three miles to the north. Anduril Industries, a cutting-edge defense technology company specializing in artificial intelligence applications has recently announced that it is commencing a $1 billion redevelopment of land adjacent to the Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs.
This is the first offering for sale of the Property since the current Owner acquired it in 2004. The property is fully-occupied and rarely has vacant units. Current apartment rental rates are below market and range up to $1,695 per month. The property is subject only to State of California rent control. Most tenants occupy units on a month-to-month basis.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Interior
Interior Features Tile Counters, Unfurnished
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate, Vinyl
Fireplaces Type None
Fireplace No
Appliance Electric Range, Disposal
Laundry None
Exterior
Exterior Feature Awning(s)
Parking Features None
Pool None
Community Features Biking, Curbs, Dog Park, Fishing, Golf, Hiking, Lake, Park, Street Lights, Sidewalks, Urban, Water Sports
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Accessibility None
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer, Sewer Assessment(s)
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7255036023
Energy Description 1500.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Nearby Locations