3700 E 4th St — Sale in Long Beach, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Long Beach, CA 90814
Photos
Investment Figures
- Cap rate
- 6.16%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap, as the exclusive listing agent, is pleased to present 3700 East 4th Street, 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 6.16% 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. Investment Highlights: • 8-unit Belmont Heights multifamily asset in one of Long Beach's most desirable coastal rental neighborhoods. • Strong in-place rents with ownership keeping rates aligned through regular annual increases. • Desirable unit mix with 4 one-bed/one-bath, 1 two-bed/one-bath, and 3 two-bed/two-bath units. • Four units feature in-unit laundry, with additional on-site laundry available to residents. • Recent 2024 roof replace
Market Context
This multifamily in Long Beach, CA is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Long Beach, CA — view the full market.
Contact
- Nick Kazemi · (949) 419-3333 · nick.kazemi@marcusmillichap.com
- Tyler Leeson · (714) 713-9086 · tyler.leeson@marcusmillichap.com
- Matt Kipp · (949) 419-3254 · matt.kipp@marcusmillichap.com
- Michael Derk · (949) 419-3386 · michael.derk@marcusmillichap.com
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