737 E 5th Street
Long Beach, CA, 90802
$4,400,000
Beds
0 Baths
SqFt
0.17 Acres
Add
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.

Property Details

Price:
$4,400,000
MLS #:
PW24229677
Status:
Active
Baths:
0
Address:
737 E 5th Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
699notdefined
City:
Long Beach
Listed Date:
Nov 7, 2024
State:
CA
ZIP:
90802
Lot Size:
7,468 sqft / 0.17 acres (approx)
Year Built:
1964
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Schools

Interior

Heating
Natural Gas

Exterior

Community Features
Curbs, Sidewalks
Garage Spaces
7.00
Lot Features
11-15 Units/ Acre
Parking Spots
7.00
Pool Features
None
Sewer
Public Sewer, Septic Type Unknown
Stories Total
3
Water Source
Public

Financial

Map

Community

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Rover IDX
737 E 5th Street
Long Beach, CA