425 4Th StLong Beach, CA 90802

Property Details for 425 4Th St

Year built

1923

Construction

TILT-UP CONCRETE

Lot size

0.53 AC

Property size (Sq ft)

5,312 SF

Zone code

LBPD30

Property type

Office buildings

APN

7281-007-073

APU

7281007073

Description

This exceptional two-story creative office live/work condo, located at 425 E 4th St in Long Beach, California's vibrant Arts District (zip code 90802), presents a unique investment opportunity. Priced at $1,600,000, this property boasts 3,544 square feet spread across two stories within a single building. The open floor plan is highlighted by attractive exposed brick, polished concrete floors, and exposed ceilings, creating a stylish and functional workspace. Abundant natural light floods the interior, enhancing the creative atmosphere. The property includes four secure parking spaces within a gated lot, a significant advantage in this location. Its prime location offers excellent retail visibility and easy access to a variety of amenities within walking distance. Commuters will appreciate the property's proximity to the 710 Freeway. The property is zoned PD30 and consists of two units. This is a rare opportunity to acquire a thriving live/work space in a highly sought-after area. The property is offered for sale by owner.

• CAP approach

  CAP return

  Valuation

  6%

  $1,260,692

  6.5%

  $1,163,715

  7%

  $1,080,593

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,694,422

  Geo Method

  $1,694,422

• Alternative Use

  Use

  Valuation

  Residential

  $1,443,007

  Hospitality

  $1,321,787

  Educational

  $1,099,711

  Medical

  $1,137,532

  Retail

  $1,710,662

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.772

Longitude

-118.187

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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