5120-5132 E Livingston Dr - Apartments FOR SALE


Long Beach, CA 90803
$12,200,000 USD
310-463-2916
5120-5132 E Livingston Dr, Long Beach, CA for Sale
$12,200,000 USD
Apartments - FOR SALE
1/13
null | 3.76% Cap Rate

5120-5132 E Livingston Dr
Long Beach, CA 90803


HIGHLIGHTS

  • Assumable Loan at 2.97% Until 2030
  • Prime Belmont Shore Location
  • All Units Remodeled with Modern Kitchens and Baths
  • Updated Electrical Panels; Seismic Retrofitting Completed
  • Oversized Lot with 13 Garages

OVERVIEW

Livingston Place is a 26-unit apartment complex located at 5120 Livingstone Drive in the highly sought-after Belmont Shore rental submarket of Long Beach. Attractive assumable financing is available at 2.97% with 60% LTV through 2030. The property consists of all 1-bedroom, 1-bathroom units in varying sizes, all remodeled with modern kitchens and bathrooms. A spacious and inviting common courtyard enhances the living experience, featuring BBQ and dining facilities. Additionally, the oversized lot includes 13 private garages, adding convenience and value for residents. Recent capital improvements include upgraded electrical panels and completed seismic retrofitting. Situated in the heart of Belmont Shore, Livingston Place offers a prime location just steps from the beach and within close proximity to Naples Island, the vibrant shopping and dining scene of 2nd Street, and the picturesque Alamitos Bay.

FOR SALE DETAILS

PRICE

$12,200,000 USD

PRICE/SF

$487 USD /SF

# OF UNITS

26

PRICE/UNIT

$469,231

CAP RATE

3.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Assumable Loan @ 2.97% Until 2030

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1943

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,013 SF

ZONING

R4

APN/PARCEL ID

7249-012-005

ASK ABOUT THIS PROPERTY

Robert SteppStepp CommercialMore Info
310-463-2916

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Robert SteppStepp CommercialMore Info
310-463-2916

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