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

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We have insufficient information to provide an overview of customer satisfaction for Long Beach. Viewing the agent profiles, reviews and sales for Long Beach can provide insights for this location.

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 50% decrease in five-bedroom multi families sales when compared to the previous 12 months.

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