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1048 5th Street, Long Beach, CA 90802
Priced at Only: $2,350,000
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Address: 1048 5th Street, Long Beach, CA 90802
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1048 5th Street
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  • MLS#: IV25264295 ( Multi Family )
  • Street Address: 1048 5th Street
  • Viewed: 1
  • Price: $2,350,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1915
  • Bldg sqft: 0
  • Days On Market: 73
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90802
  • Provided by: EXP REALTY OF CALIFORNIA INC
  • Contact: JENNIFER JENNIFER
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    ***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, 6th unit has been updated) offered with garage parking for 5 spaces. Located near freeway access, top Long Beach dining and shopping corridors, and waterfront attractions. Excellent for investors seeking both strong cash flow and development upside. [CROSS POSTED MLS # IV25271614]
Features
Assetclass
  1. Multi-Family
Building Area Total
  1. 11338.00
Commoninterest
  1. Community Apartment
Country
  1. US
Insurance Expense
  1. 4535.00
Land Use
  1. Multi-Family
Laundry Features
  1. Electric Dryer Hookup
  2. Washer Hookup
Netoperatingincome
  1. 316739.00
Parcel Number
  1. 7266009015
Professionalmanagementexpense
  1. 340.00
Property Type
  1. Multi Family
Trash Expense
  1. 265.00
Water Sewer Expense
  1. 265.00
Water Source
  1. Public
Year Built
  1. 1915
Year Built Source
  1. See Remarks
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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