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Listed by Kevin King • Marcus & Millichap
$ 4,500,000
Est. payment /mo
Active
737 East 5th Street Long Beach, CA 90802
12,412 SqFt
UPDATED:
11/08/2024 04:12 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 12,412 sqft
Price per Sqft $362
MLS Listing ID PW-24229677
Year Built 1964
Lot Size 7,468 Sqft
Property Description
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
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944