1828 E 5th St - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$3,200,000 USD
619-731-9779
1828 E 5th St, Long Beach, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/12
null | 3.92% Cap Rate

1828 E 5th St
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • 100% occupancy with long term tenants
  • All units were remodeled in 2019
  • Proforma cap rate 6%
  • 5 car garage
  • Appraised at $3.55M in 2024

OVERVIEW

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. Appraised at $3.55M in May 2024. This is a probate sale. The Administrator has been appointed by the court with full authority to sell the property.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$406 USD /SF

# OF UNITS

10

PRICE/UNIT

$320,000

CAP RATE

3.92%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

LBR1N

APN/PARCEL ID

7266-026-026

ASK ABOUT THIS PROPERTY

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619-731-9779

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619-731-9779

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