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The Warburton Team Brokered By EXp

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

$1,600,000

Est. payment - /mo

3,206 Sqft Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Willmore District (Wm)

MLS Listing ID PW26218881

HOA Y/N No

Year Built 1920

Annual Tax Amount $21,773

Tax Year 2026

Lot Size 3,206 Sqft

Property Sub-Type Apartment

Property Description

Welcome to 425 W 4th St, a well preserved 1920s multifamily property in the historic Willmore City neighborhood of Downtown Long Beach. The building blends vintage character with modern upgrades. It offers oversized one bedroom units of approximately 800 SF, each with a large double door walk in closet suitable for storage, a home office, or flex space. Original built ins, distinctive architectural moldings, and beautifully refinished original hardwood floors give the units a charm that is hard to find in today's rental market.

Most units have been upgraded with modern kitchens and baths featuring quartz countertops and new tile, and select electrical and plumbing improvements have also been completed. Each unit includes its own washer and dryer, which is rare for vintage downtown product.

The property has a 92 Walk Score and sits three blocks from the ocean. It is close to the new courthouse, parks, dining, transit, and major freeways, within a submarket with low vacancy and consistent tenant demand. It offers approximately a 6% current cap rate with an estimated 20% rental upside, giving investors stable cash flow and meaningful room for income growth.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Fireplace No

Laundry Inside

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Urban

Total Parking Spaces 1

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 7280012021

Energy Description 900.0

Acceptable Financing Contract

Listing Terms Contract

Special Listing Condition Standard

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Listed by Daniel Gomez Younglewin Advisors, Inc. 562-266-7629, DRE #02081392

NEARBY SCHOOL & BUSINESS

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425 W 4th Long Beach, CA 90802