1828 5th st, Long Beach, CA 90802
Active
$3,200,000
13%
10 Units
14 Beds
11 Baths
7,876 Area(sq.ft.)
Lot: 8,683 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | $ 2,330 | $ 2,330 | $ 3,410 | |
| 1 | 3 | 2 | $ 2,330 | $ 2,330 | $ 3,410 |
| MLS #: | PTP2501516MR |
| Days On Market: | 286 |
| Listing Date: | February 23, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 406 |
| Price per unit: | $ 320,000 |
| Year Built: | 1953 |
Property Details
Appraised at $3.55M in 2024! Don t miss this exceptional 10-unit multifamily investment opportunity in the heart of Long Beach. This fully renovated property boasts a 100% occupancy rate and offers a diverse unit mix: (1) x 3 Bed, 2 Bath + Yard, (2) x 2 Bed, 1 Bath, (7) x 1 Bed, 1 Bath. All units were remodeled in 2019, featuring stainless steel appliances, laminate and tile flooring, and modern finishes throughout. The property offers a total of 7,876 sq ft and 5 car garages. Located in a desirable area of Long Beach with easy access to local shops, dining, and the beach, this turnkey property is perfect for investors seeking immediate cash flow and long-term growth. Whether you're a seasoned investor or new to multifamily properties, this property offers both stability and potential.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 80,193 |
| Net Operating Income: | $ 124,498 |
| Cap Rate: | 3.37% |
| Actual Gross Rent: | $ 211,000 |
Structure
| Community Features: | Sidewalks, Urban, Biking |
| Sewer: | Public Sewer |
Land & Parking
| Zoning: | LBR1N |
| Land Lease Type: | Fee |
Interior
| Laundry: | Community |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
Schools
Find a great school for your child
Income
