Investment Highlights
Executive Summary
| Well priced and well located 6 unit property located in Alamitos Beach, only a few blocks from the infamous 4th Street Retro Row. The 6 unit property is comprised of 3 separate structures on a large 6,618 SF Lot. The front structure is a 1,072 SF 3bed/1bth Craftsman home. The middle structure is 1,980 SF and made up of a 4 studio units, two on the first floor and two on the second floor. Approximately 500 SF each. The rear structure is comprised of a large, approx. 1300 SF 2bd/1bth unit over 3 single car garages. Building is separately metered for gas and electricity. Same owner for 40+ years. Front house and some of the studios have been lightly remodeled in the last year. Property needs a little TLC. Upside in the rents and amazing location! Don’t miss this great investment opportunity in a dense rental market with low vacancy rate and strong income. |
Property
Information
1625 E. 4th St
1400000 List Price
6 Units
4,404 Sq.Ft
0.1519 Lot Size (Sq.Ft)
6 Bedrooms
6 Full Bathrooms
4.8% Cap Rate
13.6 GRM (Gross Rent Multiplier)
233333 Per Door
317 Per Square Foot
233,333 Per Unit
Year Built:
1923
1923
Property Type:
Investment, Commercial, Multifamily, Apartment
Investment, Commercial, Multifamily, Apartment
