4024 E 5th Street
Long Beach, CA, 90814
$1,325,000
Beds
0 Baths
SqFt
0.16 Acres
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Unlock the potential of this Spanish-style duplex, ideally situated in the highly desirable Belmont Heights Historic Neighborhood. This investment property combines timeless architectural appeal with immediate income-generating potential, making it a standout addition to any portfolio. Both units are currently tenant-occupied with rents at or near market value, providing steady income from day one. The property has been freshly painted, ensuring low maintenance costs and strong tenant retention. A newly constructed deck enhances the property&#39's appeal, offering additional outdoor living space. Adding to the property&#39's allure is its expansive lot, complete with mature orange trees that not only enhance the landscape but also offer an extra selling point for future tenants. The sizable lot presents a unique opportunity for further development, including the addition of ADUs (Accessory Dwelling Units), allowing you to maximize rental income and significantly increase property value (buyer to verify with City of Long Beach). Looking ahead, the upcoming 2028 Olympic Games in Long Beach presents a unique advantage for investors. With Long Beach set to host several Olympic events, the area is expected to see a surge in demand for short-term and long-term rentals, driving potential increases in rental income and property value. This duplex offers the perfect opportunity to capitalize on the increased attention and influx of visitors to the area, making it an even more attractive investment.This property is not just a piece of real estate' it’s a strategic investment in one of Long Beach&#39's most storied neighborhoods. Whether you’re looking to expand your portfolio or capitalize on the growing demand for quality rental properties, this duplex offers both immediate returns and long-term appreciation potential.
Seize this rare opportunity to invest in Belmont Heights—where historic charm meets modern profitability!

Property Details

Price:
$1,325,000
MLS #:
PW24167619
Status:
Active Under Contract
Baths:
0
Address:
4024 E 5th Street
Type:
Residential Income
Subtype:
Duplex
Subdivision:
Belmont Heights BH
Neighborhood:
2belmontheightsalamitosheights
City:
Long Beach
Listed Date:
Apr 24, 2024
State:
CA
ZIP:
90814
Lot Size:
6,770 sqft / 0.16 acres (approx)
Year Built:
1924
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Interior

Cooling
None
Fireplace Features
None
Heating
Wall Furnace

Exterior

Community Features
Curbs, Sidewalks, Storm Drains, Street Lights
Garage Spaces
2.00
Lot Features
Rectangular Lot, Zero Lot Line
Parking Features
Garage, Uncovered
Parking Spots
5.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

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4024 E 5th Street
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