737 5th st, Long Beach, CA 90802
Active
$4,400,000
2%
14 Units
5 Beds
4 Baths
12,412 Area(sq.ft.)
Lot: 7,468 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 1 | 1 | No | $ 1,830 | $ 7,320 | $ 7,420 |
| Unit 2 | 6 | 2 | 2 | No | $ 2,274 | $ 13,645 | $ 14,200 |
| Unit 3 | 4 | 2 | 1 | No | $ 2,315 | $ 9,260 | $ 9,600 |
| 14 | 24 | 20 | $ 30,224 | $ 148,190 | $ 153,280 |
| MLS #: | PW24229677MR |
| Days On Market: | 402 |
| Listing Date: | November 7, 2024 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 354 |
| Price per unit: | $ 314,286 |
| Year Built: | 1964 |
Property Details
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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 376,554 |
| Total Annual Expense: | $ 103,286 |
| Net Operating Income: | $ 273,268 |
| Cap Rate: | 6.21% |
| Actual Gross Rent: | $ 30,225 |
Structure
| Community Features: | Curbs, Sidewalks |
| Sewer: | Public Sewer, Septic Type Unknown |
| Water: | Public |
Land & Parking
| Zoning: | LBPD30 |
| Land Lease Type: | Fee |
Interior
| Heating: | Natural Gas |
| Laundry: | Community |
| Laundry Equipment: | Lease |
| Laundry Income: | 550.00 |
Exterior
| Pool: | No |
Detailed Map
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