737 E 5th St - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$4,100,000 USD
310-408-4364
737 E 5th St, Long Beach, CA for Sale
$4,100,000 USD
Apartments - FOR SALE
1/7
null | 6.6% Cap Rate

737 E 5th St
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Very Well Maintained
  • Upgraded Electrical Panel | New Roof | New Windows | Copper Plumbed
  • Mostly 2 Bedroom Units
  • Long term Tenants
  • Garage Parking

OVERVIEW

Lee & Associates is 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/one bath units, and 6 two-bedroom/two bath units. Current ownership has taken extremely good care of this 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 for a new investor. The current rents are slightly below market allowing a new owner to raise rents without turnover. Separately metered for Gas & Electricity.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$330 USD /SF

# OF UNITS

14

PRICE/UNIT

$292,857

CAP RATE

6.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,492 SF

ZONING

R4

APN/PARCEL ID

7281-003-019

ASK ABOUT THIS PROPERTY

Joseph LinkogleLee & AssociatesMore Info
310-408-4364

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Joseph LinkogleLee & AssociatesMore Info
310-408-4364

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.