CA > Long Beach
Long Beach, CA 90802,334 W 5th ST
Long Beach, CA 90802,334 W 5th ST
Long Beach, CA 90802,334 W 5th ST
Long Beach, CA 90802,334 W 5th ST
Long Beach, CA 90802,334 W 5th ST
Long Beach, CA 90802,334 W 5th ST
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Eric Boyenga

Eric Boyenga

+1(408) 506-3942
Listed by Anthony Walker • Buckingham Investments, Inc
$ 1,050,000
Est. payment | /mo

2,001 Sqft Lot

Save
$ 1,050,000
Est. payment | /mo
Save

2,001 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSB25062688

Originating Board California Regional MLS

Year Built 1923

Lot Size 2,001 Sqft

Property Sub-Type Fourplex

Property Description

Perfect 4 unit investment property right in the heart of Downtown Long Beach, benefitting from over $8 billion in new and ongoing development. The property features four 1 bed/1 bath units in 2688 square feet on a 2001 square foot lot. Well priced on actual income at 13.3X GRM with a 9% upside in rents to a market GRM of 12. Nicely remodeled interiors that offer modern finishes while maintaining the period character of the building. Simple low expense property separately metered for gas and electric. Well maintained, professionally managed Asset in a dense, high demand rental market. Attractive entry price and low price per door for a 4 unit property, offering 30 year fixed financing. The property is only 2 blocks to the massive civic center redevelopment, 2 blocks to historic Pine Avenue, and 5 blocks to Ocean Blvd. The Metro Blue Line station is only one block away for excellent transit access. Per Costar, 65% of households within a 5 mile radius are renters with an average household income of over $93,000.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Rooms

Kitchen Oven Range - Gas

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate

Laundry None

Exterior

Parking Features No Parking

Pool 31, None

View None

Building

Foundation Raised

Water District - Public

Others

Tax ID 7280011005

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
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agent-avatar

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

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