For Sale

Listed by Kevin King from Marcus & Millichap

Source: San Diego MLS #PW24229677

737 East 5th Street, Long Beach, CA, 90802

$4,400,000

5
4
0.17 ac.

MultiFam

30+ days on the market

What's around 737 East 5th Street

About this property

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.

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