1048 E 5th Street

Long Beach, CA 90802
$2,350,000
***Immediate Income Opportunity***Value-add 6-unit in Long Beach with enough land for additional units + parking. Fully renovated, strong cash flow, and ready for a developers expansion plans. High upside via development or hold. Rare Long Beach opportunity: a fully stabilized 6-unit multifamily income property (5 of 6 units recently renovated,Read MoreRead Less
Property listed by EXP REALTY OF CALIFORNIA INC, JENNIFER MENDOZA 310-259-7556
Listing Snapshot
Days Online
49
Last Updated
Property Type
Apartment
Lot Size
0.34 Acres
Year Built
1915
MLS Number
IV25271614
Property Location Map
Additional Details
Building
Built in 1915, 2 buildings, 2 stories, Entry level: 0, Entry location: /
Community
Sidewalks, Urban
Expenses
Insurance: $625, Operating: $16,500, Trash: $265, Water/Sewer: $265
Garage
5 spaces
Income
Gross Income: $13,561, Gross ScheduledIncome: $162,732, Net Operating Income: $146,232
Laundry
WasherHookup, ElectricDryerHookup
Lot
0.3414 acres
Parking
5 total parking spaces, DoorSingle, Garage, Public
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7266009015, Lot: /
Utilities
Water Source: Public
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Monthly Payment
$0
Michael Harby
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.