Immaculate 19-Unit Apartment
1827 East 4th Street Long Beach, CA 90802
1827 East 4th Street, Long Beach, CA, 90802
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For Sale
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Fully leased 19-unit apartment building renovated post Title-24 with new plumbing, electrical, and in-unit heating and cooling.
Property Size15,168 SF
Price / SF$487.87
Days on Market64
Property Features for 1827 East 4th Street
General Information
- Standard status
- Active
- Size
- 15,168 SF
- Property subtype
- Multifamily
Listing agency
Anderson Real Estate Group
Listed by
Matthew Firth · License #01903073
Source
Crexi
Added: May 19 Updated: Jul 20 at 9:07PM Checked: Jul 21 at 12:51PM
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 Anderson Real Estate Group
Investment Insights
Based on property information with market context.
1827 is an immaculate 19-unit apartment building that has been meticulously re-built and is currently fully leased. Renovations completed post Title-24 include 100% all new plumbing with updated waste pipes, water lines, gas lines, and a backflow preventer, along with a brand-new hot water heater. Electrical improvements include 100% new electrical with new individual subpanels, a new 400-amp main disconnect for 17 units, and a separate new 200-amp main disconnect for two ground-up units, plus solar panels. The building also features gas wall heaters in 17 units and HVAC mini-splits in two units, with all new doors and windows, new exhaust fans, and four mechanized garage doors. Unit interiors include modern kitchens and baths with EnergyStar appliances, designer fixtures, quartz surfaces, plank floors, and ceiling fans.
The property is located in the Retro Row submarket of Long Beach, just steps away from the Pacific Ocean and near Bluff Park, with access to nearby cafés, boutiques, TAMI employers, and transportation nodes.
As presented, the asset combines extensive building-wide upgrades with a multi-unit configuration designed for day-to-day residential living across all 19 units.
The property is located in the Retro Row submarket of Long Beach, just steps away from the Pacific Ocean and near Bluff Park, with access to nearby cafés, boutiques, TAMI employers, and transportation nodes.
As presented, the asset combines extensive building-wide upgrades with a multi-unit configuration designed for day-to-day residential living across all 19 units.
Key Highlights
- Immaculate 19‑unit apartment building, fully leased.
- Renovated post Title‑24 with 100% all new plumbing: waste pipes, water lines, gas lines, backflow preventer, and 2" water main.
- New electrical throughout, including new individual subpanels and 400‑amp main disconnect for 17 units plus a separate 200‑amp main disconnect for 2 ground‑up units.
Local 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 | $555.1k | $36.60 |
| − Vacancy | −$27.8k | −$1.83 |
| EGI | $527.4k | $34.77 |
| − OpEx | −$237.3k | −$15.65 |
| NOI | $290.1k | $19.12 |
15,168 SF · lease $36.60/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.14M
$3.63M – $4.83M
NOI $290,065 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.12M
$7.11M – $9.47M
NOI $568,462 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Andro Distant Towing ...
Auto Repair Shop
DataDoor
Real Estate Agency
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FAQs
What type of property is this?
Apartment building - Fully leased 19-unit apartment building renovated post Title-24 with new plumbing, electrical, and in-unit heating and cooling.
Where is this apartment building located?
The property is located at 1827 East 4th Street Long Beach, CA.
What is the asking price?
The asking price for this property is $7,400,000.
What are key features of this property?
This property features: Immaculate 19‑unit apartment building, fully leased.; Renovated post Title‑24 with 100% all new plumbing: waste pipes, water lines, gas lines, backflow preventer, and 2" water main.; New electrical throughout, including new individual subpanels and 400‑amp main disconnect for 17 units plus a separate 200‑amp main disconnect for 2 ground‑up units.
