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$1,800,000

Beds
Unknown
sq ft
5,300

1616 E 4th St, Long Beach, CA 90802

1616 E 4th St

Long Beach, CA 90802

  • 267 days on market
    • Price drop $100,000↓
Fantastic Investment Opportunity! Located in the trendy and hip Retro Row neighborhood of Long Beach! 4) very spacious 1 bedroom units with classic art deco features, including classic mock-fireplaces in all of the livingrooms. Lovely archways between the Living and Dining rooms. Hardwood flooring custom built-ins and high ceilings, Plus extra closet space. The kitchens have gorgeous art deco tile back splashes and some with granite counters and breakfast nooks. The baths have custom 20's style flooring. All 4 of these units come with their own private garage. The back building has 2) 1 bedroom units over the 4 garages, also with classic art deco features, built-ins and hardwood floors. There is a very large outdoor lawn with a patio between the two buildings, which creates a great community outdoor space for the occupants. All interior photos were previously taken by the owners of the property. Mostly long term tenants so there is definately an upside to the rental income. Just 4 blocks to the beach, and walking distance to award winning restaurants, amazing boutiques, art galleries and antique shops. The seller will entertain carrying the First Trust Deed!

Details

Property type

Apartment

Est. home value

$1,314,187

Lot size

6,733 sq ft

Price per sq ft

$340

Year built

1929

Price History

07/01/2024
CRMLS

CRMLS #PW24002716

Listed
$1,800,000
06/04/2024
CRMLS

CRMLS #PW24002716

Pending
$1,800,000
05/23/2024
CRMLS

CRMLS #PW24002716

Price change
$1,800,000
-5.26%

Schools & Community

Neighborhood: 

Alamitos Beach

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Federal Bank Of California

Loan start date

July 2007

Original loan amount

$450,000

Est. remaining balance

Not provided

Interest rate

6.37%

Loan type

Negative Amortization, 30 year

Seller

Joseph Peter Harth and Susan Spanich Harth

Lender

Broadway Federal Bank Fsb

Loan start date

July 2002

Original loan amount

$272,000

Est. remaining balance

Not provided

Interest rate

7%

Loan type

Commercial, 30 year

Seller

Joseph Peter Harth and Susan Spanich Harth

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/27/2024 at 7:20 PM

Listing updated: 08/29/2024 at 11:40 PM

Listed by: Cynthia Voss, Re/Max R. E. Specialists Phone #: (562) 493-3004

MLS: CRMLS #PW24002716

CRMLS logo

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