5
See all 5 photos
$4,400,000
Est. payment /mo
5 Beds
4 Baths
7,468 Sqft Lot
Price Dropped by $100K
737 E 5th Street Long Beach, CA 90802
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24229677
Bedrooms 5
HOA Y/N No
Lot Size 7,468 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
New Pricing and Recent Rent Increases! Now a 6.21% Cap Rate at List Price. We are pleased to present a very well maintained 14- unit apartment in a fantastic East Village location. The building was built in 1964 and features 4 one-bedroom units, 4 two-bedroom units, and 6 two-bedroom two bath units. Current ownership has taken extremely good care of these buildings and over the years has replumbed the building, upgraded the electrical, installed new windows, installed a new roof and in general created a turnkey asset or a new investor. The current rents are slightly below market allowing a new owner to raise rents without turnover.
New Pricing and Recent Rent Increases! Now a 6.21% Cap Rate at List Price. We are pleased to present a very well maintained 14- unit apartment in a fantastic East Village location. The building was built in 1964 and features 4 one-bedroom units, 4 two-bedroom units, and 6 two-bedroom two bath units. Current ownership has taken extremely good care of these buildings and over the years has replumbed the building, upgraded the electrical, installed new windows, installed a new roof and in general created a turnkey asset or a new investor. The current rents are slightly below market allowing a new owner to raise rents without turnover.
New Pricing and Recent Rent Increases! Now a 6.21% Cap Rate at List Price. We are pleased to present a very well maintained 14- unit apartment in a fantastic East Village location. The building was built in 1964 and features 4 one-bedroom units, 4 two-bedroom units, and 6 two-bedroom two bath units. Current ownership has taken extremely good care of these buildings and over the years has replumbed the building, upgraded the electrical, installed new windows, installed a new roof and in general created a turnkey asset or a new investor. The current rents are slightly below market allowing a new owner to raise rents without turnover.
Location
State CA
County Los Angeles
Area Long Beach (90802)
Zoning Assessor
Interior
Heating Natural Gas
Building
Lot Description Curbs, Sidewalks
Story 3
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Monthly Total Fees $226
Acceptable Financing Cash, Exchange
Space Rent $1,830
Listing Terms Cash, Exchange
Listed by Kevin King • Marcus & Millichap
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