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1828 E 5th St
For Sale $3,690,000
$3,690,000
- 10 Units
- Unknown Sq Ft
- 8,683 Sq Ft
- Unknown Cap Rate
Description
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,690,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 5 spots |
| Year Built | 1953 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 7266026026 |
| MLS # | PTP2501516 |
| Property ID | 321311971 |
| Lot Sqft | 8,683 |
| Zoning | LBR1N |
| Total Units | 10 |
| Days on Market | 19 |
| Original List Price | $3,690,000 |
| Date Updated | March 13, 2025 |
| Date Created | February 23, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $211,000 | $0 |
| Net Income (Yr) | $ 124,498 |
| Cap Rate | 3.37% |
Listing Provided By
Marina Morse an agent of eXp Realty of California, Inc.. Lic #02195871
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of March 13, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT