737 E 5th ST, Long Beach, CA 90802 – PW24229677 - Norma Mardelli

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$4,500,000

Est. payment - /mo

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7,466 Sqft Lot

Active

737 E 5th ST Long Beach, CA 90802

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Norma Mardelli

Coldwell Banker

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

12/05/2024 05:31 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24229677

HOA Y/N No

Year Built 1964

Lot Size 7,466 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LBPD30

Interior

Heating Natural Gas

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 7.0

Garage Description 7.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 7

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 3

Entry Level Two,Three Or More

Sewer Public Sewer, Septic Type Unknown

Water Public

Level or Stories Two, Three Or More

New Construction No

Others

Senior Community No

Tax ID 7281003019

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Kevin King • Marcus & Millichap • kking@marcusmillichap.com