737 5th Street, Long Beach, CA 90802
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- MLS#: PW24229677 ( Apartment )
- Street Address: 737 5th Street
- Viewed: 33
- Price: $4,400,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1964
- Bldg sqft: 0
- Days On Market: 171
- Additional Information
- County: LOS ANGELES
- City: Long Beach
- Zipcode: 90802
- Provided by: Marcus & Millichap
- Contact: Kevin Kevin
- DMCA Notice
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DescriptionNew Pricing and Recent Rent Increases! Now a 6.21% Cap Rate at List Price. 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.
Property Location and Similar Properties
Features
Building Area Total
- 12412.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Country
- US
Days On Market
- 132
Electric Expense
- 2300.00
Entry Location
- Front
Fuel Expense
- 0.00
Garage Rental Rate
- 205.00
Garage Spaces
- 7.00
Heating
- Natural Gas
Insurance Expense
- 12000.00
Laundry Equipment Own Lease
- Lease
Laundry Features
- Community
Laundry Income
- 550.00
Levels
- Two
- Three Or More
Lot Features
- 11-15 Units/Acre
Netoperatingincome
- 273268.00
Newtaxesexpense
- 54748.00
Number Of Separate Electric Meters
- 14
Number Of Separate Gas Meters
- 14
Otherexpense
- 2232.00
Otherexpensedescription
- Laundry
Otherincome1
- 1575.00
Parcel Number
- 7281003019
Pool Features
- None
Professionalmanagementexpense
- 4800.00
Property Type
- Apartment
Sewer
- Public Sewer
- Septic Type Unknown
Sourcesystemid
- CRM
Sourcesystemkey
- 426820498:CRM
Taxblock
- 50
Totalactualrent
- 30225.00
Totalexpenses
- 103286.00
Trash Expense
- 5089.00
Views
- 33
Water Sewer Expense
- 5089.00
Water Source
- Public
Year Built
- 1964
Year Built Source
- Assessor
Zoning
- LBPD30