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
Eric Boyenga
Eric Boyenga

Agent | DRE01254725

+1(408) 506-3942

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Listed by Anthony Walker • Buckingham Investments, Inc
Bought with Kristen Mussenden

$ 1,050,000

Est. payment | /mo

2,001 Sqft Lot

$ 1,050,000

Est. payment | /mo

2,001 Sqft Lot

Key Details

Sold Price $1,050,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRSB25062688

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

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
© 2025 MLSListings Inc. All rights reserved.
Eric Boyenga

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

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