3011 E 4th Street, Long Beach, CA 90814

• 6,403 sqft

Property Description

PRICED TO SELL - 9.7X GRM AND 6.9% CAP AT MARKET RENTS - IN PRIME LONG BEACH. 8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0% total). Located on the East Side of Long Beach close to Belmont Shores and the Traffic Circle. The property is impeccably maintained and professionally managed. Excellent unit mix of 2 and 3 bed units featuring 4 garage spaces in the front of the property (each could be rented for $150 each). Unit interiors are in good condition, but a new owner could choose to upgrade them even further and increase rents to market, approx. 15% above current levels. There is an onsite laundry room. The main electrical panel is 200 AMPS - Buyer to verify. The 3 bedroom unit has a large private patio in the rear of the building. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs.

Listing Status:

Active

Date Added:

April 28, 2026

Data Last Updated:

May 20, 2026 at 10:06PM

Listing Office:

The Agency : 424-230-3700

Listing Agent:

Jonathan Swire : 310-948-2631

MLS ID:

CL26826121

Interior

• A/C: None
• Heating: Wall Furnace

Exterior

• Parking: Assigned

Location

• County: Los Angeles

Lot

• Zoning: LBR3T7257005017