Long Beach, CA 90802 1828 E 5th Street
$3,200,000
10 more
Presented By: Marina Morse with eXp Realty of California, Inc.;
Beds • 14
Baths • 11
SQFT • 7,876
Garage • 5
Year Built • 1953
Home Details
Appraised at $3.55M in 2024! 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.
Presented By: Marina Morse with eXp Realty of California, Inc.;
Interior Features for 1828 E 5th Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 1828 E 5th Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate3.37
Carport Y/NNo
CityLong Beach
Community FeaturesBiking, Sidewalks, Urban
CountyLos Angeles
DirectionsUse Google map
Electric Expense0.0
Electric On Property Y/NNo
Entry Locationfront
Fuel Expense0.0
Garage Spaces5.0
Garage Y/NYes
Gross Income211000.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense6885.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional, Exchange1031
Lot Size Square Feet8683.0
Lot Size UnitsSquareFeet
MLS Area197 - Long Beach
MobileHomeRemainsYNNo
Net Operating Income124498.0
New ConstructionNo
Number Of Units Total10
Number of Units Leased10
Operating Expense80193.0
Pool FeaturesNone
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsProbateListing
Standard StatusActive
StatusActive
Tax Lot5-500
Taxes$46,125
Total Actual Rent211000.0
Trash Expense0.0
Virtual TourClick here
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1953
ZoningLBR1N
Exterior for 1828 E 5th Street
Building Area Total7876.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.1993
Lot Size Area8683.0
Lot Size SourcePublicRecords
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters10
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking5.0
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$3,200,000
MLS#PTP2501516
List Date
02/28/2025
Property Type
Multi-Family
Phone
(562) 537-4182
