8-Unit Apartment
For Sale
$2,350,000
3700 E 4th St, Long Beach, CA 90814
Coastal Long Beach apartment property with a varied unit mix, resident laundry amenities, and four single-car garages.
Property Size6,336 SF
Lot Size0.14 Acres
Days on Market101
Property Features for 3700 E 4th St
General Information
Standard status
Active
Size
6,336 SF
Net Rentable
6,336 SF
Total Parking Spaces
4
Lot size
0.14 Acres
Property subtype
Multifamily
Units
Unit Mix
4 x 1BR/1BA, 1 x 2BR/1BA, 3 x 2BR/2BA
Multifamily Units
8
Additional Details
Cap Rate
5.69%
Amenities
on-site laundry
security/screen doors
in-unit laundry
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 replacement adds to the property's well-maintained physical profile.
Four single-car garages provide convenient parking and supplemental income potential.
Belmont Heights location near Retro Row, Belmont Shore, Junipero Beach, and Long Beach City Beach.
Building Details
Building Size
6,336 SF
Year Built
1963
Units
8
Listed By:
Nick Kazemi · License #License(s): CA: 02008945
(949) 419-3333
Source:
Marcusmillichap
Added: Jul 11
Changed: Oct 10
Last Checked: Oct 19 at 3:14AM
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 Nick Kazemi
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Investment Insights
Based on property information with market context.
Built in 1963, this 8-unit apartment property contains approximately 6,336 net rentable square feet on a 0.14-acre parcel. The configuration includes 4 one-bedroom, one-bath units, 1 two-bedroom, one-bath unit, and 3 two-bedroom, two-bath units. Four residences include in-unit laundry, while the property also offers on-site laundry, security/screen doors, and 4 single-car garages. A roof replacement was completed in 2024.
Located at 3700 E 4th St in Long Beach’s Belmont Heights neighborhood, the property is positioned near the beach and area lifestyle amenities. The asset is offered at a 5.69% cap rate based on current rents, with established in-place rental income and a functional residential layout.
Located at 3700 E 4th St in Long Beach’s Belmont Heights neighborhood, the property is positioned near the beach and area lifestyle amenities. The asset is offered at a 5.69% cap rate based on current rents, with established in-place rental income and a functional residential layout.
Key Highlights
- 8‑unit property with approximately 6,336 net rentable square feet
- Unit mix includes 4 one‑bedroom units, 1 two‑bedroom/one‑bath unit, and 3 two‑bedroom/two‑bath units
- 4 single‑car garages plus on‑site laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,166
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,423,320
$2.4M
Cap Rate 7%
$1,730,943
$1.7M
Cap Rate 9%
$1,346,289
$1.3M
Market Conditions
NOI Build-Up for 6,336 SF
Gross rent
$231.9K $36.60/SF
− Vacancy
−$11.6K −$1.83/SF
EGI
$220.3K $34.77/SF
− OpEx
−$99.1K −$15.65/SF
NOI
$121.2K $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%
$2,423,320
Cap Rate 7%
$1,730,943
Cap Rate 9%
$1,346,289
Alternative Uses
Best Use
Apartment 5plus
$1.73M
$1.51M – $2.02M
NOI $121,166 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.39M
$2.97M – $3.96M
NOI $237,459 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,877
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Coastal Long Beach apartment property with a varied unit mix, resident laundry amenities, and four single-car garages.
Where is this apartment building located?
The property is located at 3700 E 4th St Long Beach, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 8‑unit property with approximately 6,336 net rentable square feet; Unit mix includes 4 one‑bedroom units, 1 two‑bedroom/one‑bath unit, and 3 two‑bedroom/two‑bath units; 4 single‑car garages plus on‑site laundry
