Market LogoProperty listed by EXP REALTY OF CALIFORNIA INC, JENNIFER MENDOZA [email protected]

1048 E 5th Street

Long Beach, CA 90802
Square Ft.
11,338
$2,350,000
***Immediate Income Opportunity***Value-add 6-unit in Long Beach with permits for 5 additional units + parking. Fully renovated, strong cash flow, and shovel-ready expansion. High upside via development or hold. Contact agent for detailed pro forma and plans. Rare Long Beach opportunity: a fully stabilized 6-unit multifamily income property (5Read MoreRead Less
Listing Snapshot
Days Online
9
Last Updated
Property Type
Multi Family
Square Ft.
11,338
Lot Size
0.34 Acres
Year Built
1915
MLS Number
IV25264295
30 Days Snapshot Of 90802
$547k
-3%
(avg) sold price
30
+42%
homes sold
107
+25%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1915, Building area total: 11,338, 2 buildings
Expenses
Electric expense: $2,000, Insurance expense: $4,535, Operating expense: $118,616, Trash expense: $1,700, Water sewer expense: $3,500
Income
Net operating income: $316,739
Laundry
WasherHookup, ElectricDryerHookup
Lot
0.3414 acres, 14,871 square feet, Size: 14,871
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Michael Harby
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.