RealKey
‪(213) 433-7766‬

1944 E 4th Street, Long Beach, California 90802, Long Beach, 90802 - bed, bath

1944 E 4th Street, Long Beach, California 90802 home-pic-0
ACTIVE$2,500,000
1944 E 4th Street, Long Beach, California 90802
0Bed
0Bath
5,817Sqft
3,596Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Diversified Income Stream: Multi-tenant mixed-use property with established retail and residential units provides stable and diversified rental income.
Top Cons:
Age-Related Maintenance: Built in 1928, the property is likely to require significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) and ongoing maintenance typical of older buildings.

Compared to the nearby listings

Price:$2.50M vs avg $2.50M (+$0)50%
Size:5,817 sqft vs avg 7,045 sqft40%
Price/sqft:$430 vs avg $35280%

More Insights

Built in 1928 (97 years old).
Condition: The property, built in 1928, is a mixed-use building. While the commercial spaces appear to be in good, updated condition with modern fixtures and finishes, the residential units (specifically the one kitchen shown) present an older aesthetic. The residential kitchen features older-style wood cabinets and exposed ceiling beams, although it does have updated stainless steel appliances (refrigerator, dishwasher, range). This suggests the residential units are functional and maintained with occasional updates, but have not undergone a full, recent renovation. The overall condition of the residential portion aligns with the 'Fair' criteria, indicating an aged but maintained property with some outdated components, requiring minor updates to meet modern standards.
Year Built
1928
Close
-
List price
$2.5M
Original List price
$2.6M
Price/Sqft
$430
HOA
-
Days on market
-
Sold On
-
MLS number
PW25105439
Home ConditionFair
Features
View-

About this home

Property is a multi-tenant mixed use property with retail on the ground floor and residential located directly above with approximately 5,817 SF on approximately 3,596 SF of land. The retail tenants include the popular Salud Juice Bar & Café and Fatimas Grill. The upstairs includes 4 residential tenants. The property is in the high traffic corridor of 4th Street in what is dubbed “Retro Row. This corridor is vibrant and has a creative spirit of the Long Beach culture. Stretching between Cherry and Junipero, the district is home to an exciting group of 40+ independent merchants. Kitchy and hip and always hospitable, 4th Street features vintage & contemporary clothing, furniture & accessories, art, antiques & collectibles, books, roller skates & skateboards as well as locally owned restaurants, coffee shops and wine bars. Adding to the retro vibe of the street is the restored 1920’s Art Theatre, which hosts a mix of first run and art films, live concerts & comedy, and other unique events. 4th Street is one of the few designated bike-friendly business districts in the city and has been featured in the pages of the New York Times as well as New York, Sunset, and Los Angeles magazine.

Nearby schools

6/10
Burbank Elementary School
Public,•K-5•0.2mi
7/10
Stevenson Elementary School
Public,•K-5•0.9mi
6/10
Franklin Classical Middle School
Public,•6-8•0.6mi
7/10
Jefferson Leadership Academies School
Public,•6-8•1.1mi
6/10
Polytechnic High School
Public,•9-12•1.5mi
6/10
Wilson High School
Public,•9-12•1.6mi

Price History

Date
Event
Price
10/23/12
Sold
$900,000
Condition Rating
Fair
The property, built in 1928, is a mixed-use building. While the commercial spaces appear to be in good, updated condition with modern fixtures and finishes, the residential units (specifically the one kitchen shown) present an older aesthetic. The residential kitchen features older-style wood cabinets and exposed ceiling beams, although it does have updated stainless steel appliances (refrigerator, dishwasher, range). This suggests the residential units are functional and maintained with occasional updates, but have not undergone a full, recent renovation. The overall condition of the residential portion aligns with the 'Fair' criteria, indicating an aged but maintained property with some outdated components, requiring minor updates to meet modern standards.
Pros & Cons

Pros

Diversified Income Stream: Multi-tenant mixed-use property with established retail and residential units provides stable and diversified rental income.
Prime 'Retro Row' Location: Situated on Long Beach's 'Retro Row,' a renowned, high-traffic corridor with a strong cultural identity and independent businesses, ensuring excellent visibility and foot traffic.
Established Retail Tenants: Presence of popular and existing retail tenants (Salud Juice Bar & Café, Fatimas Grill) indicates proven commercial viability and immediate income generation.
Cultural & Historic Appeal: Located within a district celebrated for its 'retro vibe' and proximity to the restored 1920s Art Theatre, offering unique character and drawing a desirable demographic.
Bike-Friendly Designation: Positioned in a 'designated bike-friendly business district,' appealing to modern urban lifestyles and potentially increasing accessibility and local patronage.

Cons

Age-Related Maintenance: Built in 1928, the property is likely to require significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) and ongoing maintenance typical of older buildings.
Limited Land Area: The building's large square footage (5,817 SF) on a relatively small lot (3,596 SF) suggests minimal outdoor space, parking constraints, or limited future expansion potential.
Recent Price Adjustment: A recent price reduction from $2.6M to $2.5M may indicate initial overpricing or market resistance, potentially signaling a need for further negotiation or a slower sales cycle.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state