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Stacey Alysson Melman

3514 E 4th
Long Beach, CA, 90814
$1,100,000
Beds
0 Baths
0 SqFt
0.06 Acres
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MLS #PW26215302 image #0
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.
AGENT: Robert Stepp
LISTING BROKERAGE: Keller Williams Realty Downey
3514 E 4th
Long Beach, CA

Property Details

Price:
$1,100,000
MLS #:
PW26215302
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial/Residential
Subdivision:
Belmont Heights BH
Neighborhood:
2belmontheightsalamitosheights
Listed Date:
Oct 2, 2026
Total Sq Ft:
2,848
Lot Size:
2,466 sqft / 0.06 acres (approx)
Year Built:
1930
2 – Belmont Heights, Alamitos Heights2belmontheightsalamitosheightsBelmont Heights Bh
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Laundry Features
GE

Exterior

Common Walls
_2CW
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SDW

Financial

Maintenance Fee
$2,800
Net Operating Income
$60,724

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