737 5th Street, Long Beach, CA 90802
  • MLS#: PW24229677 ( Apartment )
  • Street Address: 737 5th Street
  • Viewed: 2
  • Price: $4,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 8
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90802
  • Provided by: Marcus & Millichap
  • Contact: Kevin Kevin
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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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Features
Building Area Total
  1. 12412.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 2300.00
Entry Location
  1. Front
Fuel Expense
  1. 0.00
Garage Rental Rate
  1. 205.00
Garage Spaces
  1. 7.00
Heating
  1. Natural Gas
Insurance Expense
  1. 6500.00
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. Community
Laundry Income
  1. 520.00
Levels
  1. Two
  2. Three Or More
Lot Features
  1. 11-15 Units/Acre
Netoperatingincome
  1. 252898.00
Newtaxesexpense
  1. 55993.00
Number Of Separate Electric Meters
  1. 14
Number Of Separate Gas Meters
  1. 14
Otherexpense
  1. 5032.00
Otherexpensedescription
  1. Misc/Lau
Otherincome1
  1. 1435.00
Parcel Number
  1. 7281003019
Pool Features
  1. None
Professionalmanagementexpense
  1. 9120.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
  2. Septic Type Unknown
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 426820498:CRM
Taxblock
  1. 50
Totalactualrent
  1. 29161.00
Totalexpenses
  1. 109292.00
Trash Expense
  1. 3119.50
Water Sewer Expense
  1. 10178.00
Water Source
  1. Public
Year Built
  1. 1964
Year Built Source
  1. Assessor
Zoning
  1. LBPD30