$7,400,000
Est. payment /mo
10 Beds
19 Baths
8,767 Sqft Lot
New
1827 E 4th Street Long Beach, CA 90802
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW26023461
Bedrooms 10
Lot Size 8,767 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Introducing Pike Manor in the heart of Retro Row, one of Long Beachs most dynamic and supply-constrained coastal neighborhoods. Originally re-constructed in 2023 with two additional ground-up units completed in 2025, the property offers investors an institutional-quality Class A asset with strong in-place cash flow at a significant discount to Class A institutional assets. The property is 100% leased to a high-credit tenant base and operates at a 5.13% CAP rate at approximately $487 per sf, a basis significantly below replacement cost for comparable new coastal construction. Pike Manor has undergone an extensive top-to-bottom redevelopment, including 100% all new building infrastructure, including plumbing, sewer and water lines, gas lines, electrical systems, subpanels, meters, mechanical systems, roofing, windows, doors, faade improvements, hardscape, and landscaping. The property was rebuilt post-Title 24 standards and was designed to minimize future capital expenditure risk while creating operational efficiency through separate gas and electric metering, rooftop solar, drought-tolerant landscaping, and high-efficiency systems throughout. All units feature premium modern interiors with quartz countertops, European-style cabinetry, designer fixtures, Energy Star appliances, plank flooring, in-unit washer/dryers, all new windows, oversized walk-in closets, and designer coastal finishes curated to attract Long Beachs growing professional tenant demographic. Several units feature oversized layouts, vaulted ceilings, bay windows, and unique architectural details rarely found
Location
State CA
County Los Angeles
Zoning Estimated
Direction From 4th Street and Cherry East to Address
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 4
Level or Stories 4
Others
Senior Community No
Tax ID 7266026036
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://listing.rewsmedia.com/sites/lnvzkvn/unbranded
Listed by Matthew Firth, DRE#01903073 Matthew Firth, Broker
NEARBY SCHOOL & BUSINESS
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