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5529 Dairy Avenue, Long Beach, CA 90805
Priced at Only: $3,795,000
For more Information Call Mobile: 714.478.6676
Address: 5529 Dairy Avenue, Long Beach, CA 90805
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  • MLS#: 25594549 ( )
  • Street Address: 5529 Dairy Avenue
  • Viewed: 6
  • Price: $3,795,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 50
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90805
  • Provided by: Global Platinum Properties, Inc.
  • Contact: Armin Armin
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Price Reduction! in a lifetime 100% Renovated 10 unit Master leased opportunity and cash flowing at an impressive 6% Cap Rate from Day 1! The offering provides investors with a turnkey opportunity to purchase a premium asset where every single unit was vacated, completely renovated and leased at market rent. The building was entirely stripped to the studs and thoroughly renovated with permits featuring a new roof, electrical system, plumbing, HVAC, water heaters, and windows. Other upgrades include new cabinets, modern countertops, new flooring, recessed lighting, updated bathrooms with new vanities and sleek bathtubs, and stainless steel appliances. The offering brings a diverse unit mix consisting of 5 (1bed/1bath) units and 5 (2bed/1bath) units including 3 brand new ADUs. The property is separately metered for gas and electrical utilities and each unit has its own individual water heater to further reduce operating costs. Located in prime North Long Beach just minutes from the beach, offering investors the opportunity to acquire a low maintenance asset in a coastal rental market without premium coastal pricing! Majority of the units are master leased by a single organization providing guaranteed cash flow and minimal vacancies. (Similar to a hassle free NNN deal with stable income and more limited landlord responsibilities with ease of management and rent collection).
Features
Appliances
  1. Refrigerator
Building Area Total
  1. 5765.00
Country
  1. US
Heating
  1. Wall Furnace
Levels
  1. Two
Netoperatingincome
  1. 227786.00
Parcel Number
  1. 7126025019
Parking Features
  1. Street
Sourcesystemkey
  1. 25594549:CLAW
Totalexpenses
  1. 69099.00
Year Built
  1. 1964
Zoning
  1. LBR1N
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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