Property Detail

1535 4th

Long Beach CA 90802

$1,699,000

Status: Active

Property Details

Description

Great Investment! Rarely on the market MIX USE PROPERTY in the The 4th Street Corridor, also known as Retro Row district. 3 Residential Units plus 1 commercial unit currently used as a restaurant (Jerry's Breakfast Place). Commercial Unit has a storage unit that is in the rear of restaurant. Front house is a Large 2 story 3bedrooms -1bathroom house. Attached is a non conforming 1 bedroom/ 3/4 bath unit that was present from inception of current ownership; Unit can possibly be converted to ADU. Detached back house is also a Large 1bedroom-1bathroom with dinning area, front yard and backyard; this house has room add additional square footage possibly turning into a 2 bedroom and also converting the garage into a Junior ADU. Please verify with city of Long Beach. These units have a 5 car garage off alley. Central courtyard for entertaining. A few blocks to the ocean. Live in one unit and let the other units help cover your mortgage. Freshly painted, quiet area, great neighborhood! A Rare find. Maybe eligible for SBA 7a Loan or SBA 504 loan with 10% down.

Map Location

Listing provided courtesy of Jocelyn Thav of Jocelyn Thav, Broker. Last updated 2024-05-03 09:10:07.000000. Listing information © 2024 CRMLS.

John Collins

John Collins

DRE# 01948188
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