3025 E 5th Street, Long Beach, CA 90814

$6,300,000
List Price
$6,300,000
Status
ACTIVE
MLS#
PW23222053
Year Built
1961
Lot Size
13,501
Acres
0.31
Lot Location
Item1620UnitsAcre
Days on Market
77
Property Type
Multifamily
Property Sub Type
Mixed Use
Stories
Two Levels
Neighborhood
Eastside (Es)

Property Description

3025 E. 5th Street is a 20-unit apartment asset located just one block from popular Retro Row in Long Beach, California. The property is comprised of (10) 2BD / 2BA units and (10) 1BD / 1BA units surrounding a landscaped courtyard. Fourteen (14) of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers. The ten (10) existing garages offer the opportunity for additional income or for ADU conversion to increase rental income. The property is located in walking distance to vibrant Retro Row with attractive shopping, dining and nightlife amenities.

Additional Information

Pool Description
None
Garage Spaces Total
10
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
20
Gross Scheduled Income
$498,008
Operating Expense
160443

Listing courtesy of Listing Agent: Robert Stepp (rstepp@steppcommercial.com) from Listing Office: Keller Williams - Santa Monica.

Mortgage Calculator

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.