Homes for sale - 1048 E 5th ST, Long Beach, CA 90802

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,350,000

Est. payment - /mo

0.34 Acres Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID IV25271614

HOA Y/N No

Year Built 1915

Lot Size 0.341 Acres

Property Sub-Type Apartment

Property 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# IV25264295]

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup

Exterior

Parking Features Door-Single, Garage, Public

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Sidewalks, Urban

Total Parking Spaces 5

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7266009015

Acceptable Financing Cash, Conventional, 1031 Exchange, Owner May Carry, Submit

Listing Terms Cash, Conventional, 1031 Exchange, Owner May Carry, Submit

Special Listing Condition Standard

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Listed by JENNIFER MENDOZA EXP REALTY OF CALIFORNIA INC agentjennifermendoza@gmail.com

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