$4,400,000 $23,620 est/mo Sourced by Back At You
737 E 5th Street,Long Beach, CA 90802
Long Beach, CA 90802
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.
Details
| MLS# | PW24229677 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 193 |
| Listing Provided By | Marcus & Millichap 562-257-1200 | Kevin King |
Features
| SQ Feet | 12,412 |
|---|---|
| Garage | 7 |
| Story(s) | 2 |
| Units | 14 |
| Building(s) | 1 |
| Zoning | LBPD30 |
| Acreage | 0.17 |
Market Activity 90802
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90802 |
| Area | 699 Not Defined |
| Listing VS Median (in 90802) | |
Price: $4,400,000 low | high Med: $449,900 SqFt: 12,412 low | high Med: 625 $ / SqFt: $354 low | high Med: $720 On site: 193 low | high Med: 21.000000 | |
Listing Updated: April 4, 2025 at 10:20:28 AM PDT