Homes for sale - 737 E 5th ST, Long Beach, CA 90802

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Kevin King • Marcus & Millichap

$4,400,000

Est. payment - /mo

7,468 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW24229677

Originating Board California Regional MLS

Year Built 1964

Lot Size 7,468 Sqft

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

Area 699 - Not Defined

Interior

Heating Gas

Laundry Washer/Dryer - Leased, Community Facility

Exterior

Garage Spaces 7.0

Pool None

Building

Story Three or More Stories

Water District - Public

Others

Tax ID 7281003019

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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737 E 5th ST Long Beach, CA 90802

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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