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Listed by Kevin King • Marcus & Millichap
$ 4,400,000
Est. payment /mo
Active
737 E 5th Street Long Beach, CA 90802
12,412 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 12,412 sqft
Price per Sqft $354
MLS Listing ID CRPW24229677
HOA Y/N No
Year Built 1964
Lot Size 7,468 Sqft
Property Sub-Type Other
Source Datashare California Regional
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
Interior
Heating Natural Gas
Fireplace No
Laundry Community Facility
Building
Water Public
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Sofia Gurevich
Real Estate & Mortgage Broker | License ID: CA DRE 01249163 I NMLS 287968