955 E 4th Street

    Long Beach, CA 90802
    • $2,100,000
    • STATUS: Active
    • ON SITE: 41 days
    • ID#: PW18240786
    UPDATED: 51 min ago
    $2,100,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,748
      SQFT
    • $442
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1932
    County:

    School Ratings & Info

    Description

    We are pleased to present 955-957 East 4th Street in the City of Long Beach, California. The subject property is a mixed-use property comprising of four separate buildings, containing approximately 4,748 square feet of leasable area. Currently, three buildings are residential and one building is commercial. The property was originally built in the early 1920's-30's. The commercial building is historically known as the Coffee Pot. The Coffee Pot building has a hexagonal front facade structure crowned with an oversized coffee pot on its roof. The building exemplifies the "programmatic" or "themed" fantasy architecture of the past. The current owner renovated and upgraded the residential buildings and common area courtyard as well as the Coffee Pot's exterior under the watchful supervision of the City of Long Beach and it's Cultural Heritage Commission. The owner also recently leased the Coffee Pot to a high-end speciality salon. The property is currently zoned PD-30 by the City of Long Beach which allows for a rich mixture of uses, including residential, professional, retail, entertainment and other uses. Current Zoning allows for an approximately 28,880 square feet of maximum building area with an eighty (80) foot height limit. Potential Buyer must verify with the City of Long Beach.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T16:36:18.277. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88190668

    955 E 4th Street Long Beach, CA 90802

    • Price: $2,100,000
    • Status: Active
    • Updated: 51 min ago
    • ID#: PW18240786
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,748
    SQFT
    $442
    $/SQFT
    1932
    Built
    Neighborhood:
    Alamitos Beach (Ab)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    We are pleased to present 955-957 East 4th Street in the City of Long Beach, California. The subject property is a mixed-use property comprising of four separate buildings, containing approximately 4,748 square feet of leasable area. Currently, three buildings are residential and one building is commercial. The property was originally built in the early 1920's-30's. The commercial building is historically known as the Coffee Pot. The Coffee Pot building has a hexagonal front facade structure crowned with an oversized coffee pot on its roof. The building exemplifies the "programmatic" or "themed" fantasy architecture of the past. The current owner renovated and upgraded the residential buildings and common area courtyard as well as the Coffee Pot's exterior under the watchful supervision of the City of Long Beach and it's Cultural Heritage Commission. The owner also recently leased the Coffee Pot to a high-end speciality salon. The property is currently zoned PD-30 by the City of Long Beach which allows for a rich mixture of uses, including residential, professional, retail, entertainment and other uses. Current Zoning allows for an approximately 28,880 square feet of maximum building area with an eighty (80) foot height limit. Potential Buyer must verify with the City of Long Beach.
    Exterior Features

    Garage Spaces 4.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Community Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Electric Expense 285775.00 Elevation Units Feet Fuel Expense 285775.00 Garage Income 1800.00 Gross Income 3000.00 Gross Scheduled Income 135803.00 Insurance Expense 2629.00 Land Lease YN No Laundry Income 1200.00 Laundry YN Yes Net Operating Income 91193.00 New Construction YN No New Taxes Expense 28750.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 44610.00 Other Expense 1800.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public SewerSeptic Type UnknownUnknown Special Listing Conditions Standard Subdivision Name Other Alamitos Beach (Ab) Total Actual Rent 9880.00 Total Expenses 44610.00 Trash Expense 285775.00 Water Sewer Expense 285775.00 Water Source Public Year Built Source Assessor Zoning Lbco

    Listing provided courtesy of Kevin King of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T16:36:18.277. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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