6
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Listed by Kevin King • Marcus & Millichap
$4,400,000
Est. payment /mo
12,412 SqFt
Price Dropped by $100K
737 East 5th Street Long Beach, CA 90802
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Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 12,412 sqft
Price per Sqft $354
MLS Listing ID PW-24229677
Year Built 1964
Lot Size 7,468 Sqft
Property Sub-Type Apartment
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.
Location
State CA
County Los Angeles
Zoning LBPD30
Interior
Laundry Community
Exterior
Parking Features Gated
Garage Spaces 7.0
Pool None
Community Features Curbs, Sidewalks
Building
Lot Description 11-15 Units/Acre
Sewer Public Sewer, Septic Type Unknown