Mixed-Use Apartment and Cafe
4340 E 4th St E Long Beach, CA 90814
For Sale
$2,150,000
1923 mixed-use corner property with nine apartments and an approximately 1,500 SF first-floor cafe suite.
Property Size7,701 SF
Price / SF$279.18
Days on Market79
Property Features for 4340 E 4th St E
General Information
Standard status
Active
Size
7,701 SF
Property subtype
Investment
Building Details
Year Built
1923
Listing Agency:
(714) 404-8020
Listed By:
Carl Reinhart
Source:
Elliman
Added: May 10
Changed: Jul 21
Last Checked: Jul 26 at 12:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Carl Reinhart
Investment Insights
Based on property information with market context.
The subject is a mixed-use complex featuring one two-story building constructed in 1923 and renovated on multiple occasions. The property totals 7,701 square feet and is situated on a level, rectangular 5,414 square foot parcel on the southwest corner of East 4th Street and Ximeno Avenue. Residential space includes nine one-bedroom, one-bath apartment units.
A first-floor commercial suite is positioned at the hard corner and totals approximately 1,500 square feet. The commercial space is leased to Egg Heaven Cafe, which opened in 1969.
The property is fully occupied and rarely has vacant units. The apartments are subject only to State of California rent control, and most tenants occupy units on a month-to-month basis.
A first-floor commercial suite is positioned at the hard corner and totals approximately 1,500 square feet. The commercial space is leased to Egg Heaven Cafe, which opened in 1969.
The property is fully occupied and rarely has vacant units. The apartments are subject only to State of California rent control, and most tenants occupy units on a month-to-month basis.
Key Highlights
- 1923 mixed‑use corner property in Belmont Heights with 7,701 SF total building on a 5,414 SF level, rectangular parcel.
- Nine 1‑bedroom/1‑bath apartment units plus an approximately 1,500 SF first‑floor commercial suite at the hard corner.
- Commercial unit is leased to Egg Heaven Cafe; cafe opened in 1969.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $281.9k | $36.60 |
| − Vacancy | −$14.1k | −$1.83 |
| EGI | $267.8k | $34.77 |
| − OpEx | −$120.5k | −$15.65 |
| NOI | $147.3k | $19.12 |
7,701 SF · lease $36.60/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.10M
$1.84M – $2.45M
NOI $147,270 @ 7.0% cap · market cap 6.85%
Second Best
Specialty Retail
$2.07M
$1.81M – $2.41M
NOI $144,856 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$4.12M
$3.61M – $4.81M
NOI $288,616 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - 1923 mixed-use corner property with nine apartments and an approximately 1,500 SF first-floor cafe suite.
Where is this apartment building located?
The property is located at 4340 E 4th St E Long Beach, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 1923 mixed‑use corner property in Belmont Heights with 7,701 SF total building on a 5,414 SF level, rectangular parcel.; Nine 1‑bedroom/1‑bath apartment units plus an approximately 1,500 SF first‑floor commercial suite at the hard corner.; Commercial unit is leased to Egg Heaven Cafe; cafe opened in 1969.
