Spacious Condo Near Retro
For Sale
$580,000
2420 E 4th Street #4 Long, Long Beach, CA 90814
Light-filled 2 bed, 2 bath condo with parking and AC.
Property Size1,077 SF
Lot Size0.59 Acres
Days on Market412
Property Features for 2420 E 4th Street #4 Long
General Information
Standard status
Active
Size
1,077 SF
Lot size
0.59 Acres
Property subtype
Condominium
Amenities
Electric
Wall Furnace
Ductless
Gas Oven
Gas Range
Refrigerator
Self Cleaning Oven
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Composition
Building Details
Building Size
1,077 SF
Year Built
1956
Stories
2
Listing Agency:
Long Beach Coastal
Listed By:
Kelly McHugh Lopes · License #02018494
(562) 243-3223
Source:
Kw
Added: Aug 21, 2025
Changed: Oct 3
Last Checked: Oct 5 at 3:42PM
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 Long Beach Coastal
Investment Insights
Based on property information with market context.
This light and spacious condo features 2 bedrooms and 2 bathrooms, with parking, air conditioning, and low HOA fees. It is located in the Carroll Park area, one block from Retro Row and less than a mile from the water. The property includes dual pane vinyl windows, hardwood floors, and zoned cooling via mini-splits. The primary bedroom is large and includes an en suite bathroom and walk-in closet. The kitchen and en suite bathroom have been updated, while the other bathroom retains vintage fixtures, including a pink porcelain sink and tub, and a built-in vanity. The unit comes with one deeded off-street parking spot. The complex offers two community laundry rooms. The location provides convenient access to nearby shops and restaurants.
Key Highlights
- Excellent Carroll Park location, one block to Retro Row, less than a mile to the water.
- Updated kitchen and primary en suite bathroom.
- Spacious 2 bed, 2 bath condo with parking and AC.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,596
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,920
$411.9K
Cap Rate 7%
$294,229
$294.2K
Cap Rate 9%
$228,844
$228.8K
Market Conditions
NOI Build-Up for 1,077 SF
Gross rent
$39.4K $36.60/SF
− Vacancy
−$2.0K −$1.83/SF
EGI
$37.4K $34.77/SF
− OpEx
−$16.9K −$15.65/SF
NOI
$20.6K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,920
Cap Rate 7%
$294,229
Cap Rate 9%
$228,844
Alternative Uses
Best Use
Apartment 5plus
$294.2K
$257.5K – $343.3K
NOI $20,596 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$576.6K
$504.6K – $672.7K
NOI $40,364 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,129
Businesses Nearby
Explore this area
Business Placement
Demographics for 90814, CA
19,042
Population
9,939
Households
1.9
Avg Household Size
39
Median Age
56%
College-Educated
92%
High-School Grad
1.3 sq mi
ZIP Area
14,648
Density / Sq Mi
$98,070
Median Household Income
$60,482
Median Earnings
$1,987
Median Rent
$898,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Light-filled 2 bed, 2 bath condo with parking and AC.
Where is this apartment building located?
The property is located at 2420 E 4th Street #4 Long Long Beach, CA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Excellent Carroll Park location, one block to Retro Row, less than a mile to the water.; Updated kitchen and primary en suite bathroom.; Spacious 2 bed, 2 bath condo with parking and AC.
