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Back 737 East 5th Street
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737 East 5th Street

Long Beach CA 90802

5
4
0.17 ac.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

5 bedrooms
4 bathrooms
0.17 ac. lot size
Multi-Family

Happy sellers in Long Beach

<50%
Less than 50% of sellers in Long Beach reported that their sale price either exceeded or met their price expectations.

Long Beach stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Long Beach over the last 12 months.

Local market activity for 5 bedroom multi families in Long Beach

In the last 12 months, 4 five-bedroom multi families similar to 737 East 5th Street, have been sold.

This represents a 300% decrease in five-bedroom multi families sales when compared to the previous 12 months.

RateMyAgent
Sales:
(619) 566-0008
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