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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$7,400,000

Est. payment - /mo

8,768 Sqft Lot

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID PW26023461

Construction Status Updated/Remodeled

HOA Y/N No

Rental Info 12 Months

Year Built 2025

Lot Size 8,768 Sqft

Property Sub-Type Apartment

Property Description

Introducing Pike Manor in the heart of Retro Row, one of Long Beach's most dynamic and supply-constrained coastal neighborhoods.

Originally re-constructed in 2023 with two additional ground-up units completed in 2025, the property offers investors an institutional-quality Class A asset with strong in-place cash flow at a significant discount to Class A institutional assets. The property is 100% leased to a high-credit tenant base and operates at a 5.13% CAP rate at approximately $487 per sf, a basis significantly below replacement cost for comparable new coastal construction.

Pike Manor has undergone an extensive top-to-bottom redevelopment, including 100% all new building infrastructure, including plumbing, sewer and water lines, gas lines, electrical systems, subpanels, meters, mechanical systems, roofing, windows, doors, façade improvements, hardscape, and landscaping. The property was rebuilt post-Title 24 standards and was designed to minimize future capital expenditure risk while creating operational efficiency through separate gas and electric metering, rooftop solar, drought-tolerant landscaping, and high-efficiency systems throughout.

All units feature premium modern interiors with quartz countertops, European-style cabinetry, designer fixtures, Energy Star appliances, plank flooring, in-unit washer/dryers, all new windows, oversized walk-in closets, and designer coastal finishes curated to attract Long Beach's growing professional tenant demographic. Several units feature oversized layouts, vaulted ceilings, bay windows, and unique architectural details rarely found in newer multifamily products.

The asset also includes seven garage parking spaces, newly constructed garage structures with mechanized doors, & private resident storage lockers in the basement, amenities that are increasingly rare and highly valued in dense coastal markets like Long Beach.

In addition to durable, stabilized current income, the property offers a substantial tax advantage through accelerated depreciation. A completed cost segregation study projects approximately $2.37M in depreciation within the first five years of ownership, creating significant sheltering potential for investors seeking tax-efficient cash flow.

Situated just blocks from the Pacific Ocean & Bluff Park, Pike Manor blends essentially new construction quality with the character and walkability that define this highly coveted pocket of Long Beach.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBCNR

Interior

Interior Features Ceiling Fan(s), High Ceilings, Open Floorplan, Quartz Counters, Recessed Lighting, Storage, Wired for Data, All Bedrooms Down

Heating Natural Gas, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, ENERGY STAR Qualified Appliances, Freezer, Gas Cooktop, Disposal, Gas Oven, Gas Range, Ice Maker, Microwave, Refrigerator, Range Hood, Dryer, Washer

Exterior

Parking Features Controlled Entrance

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Sidewalks

Utilities Available Sewer Connected

View Y/N Yes

View Neighborhood

Accessibility None

Total Parking Spaces 8

Private Pool No

Building

Lot Description Near Public Transit

Story 4

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Spanish

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 7266026036

Security Features Closed Circuit Camera(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Matthew Firth Matthew Firth, Broker 562-760-9447, DRE #01903073

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1827 E 4th ST Long Beach, CA 90802