1621 E 5th Street, Long Beach, CA 90802

  • $2,500,000
1621 E 5th Street, Long Beach, CA 90802
  • Multi Family, Commercial Sale
  • Property Type
  • 5824
  • Sqft
  • 1986
  • Year Built
Closed
1621 E 5th Street, Long Beach, CA 90802
1621 E 5th Street, Long Beach, CA 90802
  • $2,500,000

Description

8-UNIT BUILDING LESS THAN A MILE TO THE OCEAN in Alamitos Beach in Long Beach. You must drive by this 8-unit building of 2 bedrooms, and 2 baths each unit has its own balcony. 12 gated parking spaces and a Laundry room on ground level with room to improve rents.

All 8 units are separately metered for gas and electricity. Units each have a comfortable layout with a master suite with an ensuite full bath then a second bedroom and another full bath in the hall. is in a great pocket neighborhood on 5th St. Built in ’87 Well-maintain building fully occupied and the owner has invested in remodeled with floors, paint, appliances, etc. Top floor 4 units have cathedral ceilings for a very open feel. Great location minutes from the beach, restaurants, grocery stores, Retro Row on 4th Street (between Cherry and Junipero), close to Cal State Long Beach, Long Beach Community College 710 & 605 freeways, and transportation.

You will not find a better return for this condition of building. The building is virtually turn-key with an upside in rental income to boot! THE SELLER IS MOTIVATED AND ENTERTAINING ALL OFFERS!

  • Address 1621 E 5th Street
  • City Long Beach
  • State/county CA
  • Zip/Postal Code 90802
  • Country US

Details

Updated on February 23, 2024 at 11:14 pm
  • Property ID: PW23204477
  • Price: $2,500,000
  • Property Size: 5824 Sqft
  • Land Area: 0.1549 Acres
  • Garage Size: x x
  • Year Built: 1986
  • Property Type: Multi Family, Commercial Sale
  • Property Status: Closed

Additional details

  • Listing Terms: Cash,Cash to Existing Loan,Conventional,1031 Exchange,Trust Deed
  • Heating: Wall Furnace
  • County: Los Angeles
  • Property Type: Commercial Sale

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