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Listed by Kevin King • Marcus & Millichap
$ 4,400,000
Est. payment /mo
Active
737 E 5th ST Long Beach, CA 90802
7,468 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW24229677
Year Built 1964
Lot Size 7,468 Sqft
Source California Regional MLS
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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Xavier Williams
Certified Pricing Strategy Advisor - Realtor - Mortgage Broker | License ID: 01968917