1048 E 5th Street, Long Beach, CA, US, 90802
1048 E 5th Street, Long Beach, CA, US, 90802
$2,350,000
Request info
Basics
- Date added: Added 3か月 ago
- Category: ResidentialIncome
- Type: Apartment
- Status: Active
- Floors: 2
- Lot size: 14871, 14871 sq ft
- Year built: 1915
- Subdivision Name: Alamitos Beach (AB)
- County: Los Angeles
- MLS ID: IV25271614
Description
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Description:
***Immediate Income Opportunity***Value-add 6-unit in Long Beach with enough land for additional units + parking. Fully renovated, strong cash flow, and ready for a developers expansion plans. High upside via development or hold. Rare Long Beach opportunity: a fully stabilized 6-unit multifamily income property (5 of 6 units recently renovated, 6th unit has been updated) offered with garage parking for 5 spaces. Located near freeway access, top Long Beach dining and shopping corridors, and waterfront attractions. Excellent for investors seeking both strong cash flow and development upside. [CROSS POSTED MLS# IV25264295]
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Location
- Directions: Alamitos and 5th
- Lot Size Acres: 0.3414 acres
Building Details
- Water Source: Public
- Sewer: PublicSewer
- Building Area Units: SquareFeet
- Common Walls: OneCommonWall
- Garage Spaces: 5
- Number Of Buildings: 2
Amenities & Features
- Pool Features: None
- Parking Features: DoorSingle,Garage,Public
- Parking Total: 5
- Laundry Features: WasherHookup,ElectricDryerHookup
Expenses, Fees & Taxes
- Trash Expense: $1,700
- Electric Expense: $2,000
- Fuel Expense: 0
- Insurance Expense: $4,535
- Water Sewer Expense: $3,500
Miscellaneous
- List Office Name: EXP REALTY OF CALIFORNIA INC
- Listing Terms: Cash,Conventional,Exchange1031,OwnerMayCarry,Submit
- Common Interest: CommunityApartment
- Community Features: Sidewalks,Urban
- Attribution Contact: agentjennifermendoza@gmail.com
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