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1621 E 5th Street, Long Beach, CA 90802
$2,448,000
1621 E 5th Street, Long Beach, CA 90802View this property at 1621 E 5th Street, Long Beach, CA 90802
1621 E 5th StreetLong BeachCA90802
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Property 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. Gated 12 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!
Full Property Details
Full Property Details for 1621 E 5th St
General
- Sold For: $2,448,000
- Status: Closed
- Type: Multi-Family
- MLS ID: PW23204691
- Added to Site: 202 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 12
Location
- Area: 4 - Downtown Area, Alamitos Beach
- County: Los Angeles
- Development Name: 4 - Downtown Area, Alamitos Beach
- Driving Directions: Cross Street Waltnut
Heating & Cooling
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 8
- # Electric Meters: 8
Structural Information
- Entry Location: .
- Stories/Levels: Three Or More
- Stories Description: Three Or More
- Square Feet: 1
- Year Built: 1986
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Number of Units: 2
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 4
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 5
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 6
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 7
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.1549
- Lot Size Source: Assessor
- Zoning: LBR1N
- Lot Description: 6-10 Units/Acre
Financial Considerations
- Price Per Unit: 312500
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by West Shores Realty, Inc., Monica Esquivel
Sold by First Team Real Estate, Bill Larson
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Schools
Schools serving 1621 E 5th St
School District:Long Beach Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
501 Junipero Ave, Long Beach, CA 90814 | PK-5 | 0.4 mi | |
540 Cerritos Ave, Long Beach, CA 90802 | 6-8 | 0.4 mi | |
1600 Atlantic Ave, Long Beach, CA 90813 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1621 E 5th St
Date
Details
Price
Change
Source
2/22/2024
Sold
$2,448,000
-2.08%
MLS
11/03/2023
Listed
$2,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1621 E 5th Street, Long Beach, CA 90802 (MLS# PW23204691) is a Multi-Family property that was sold at $2,448,000 on February 22, 2024. Want to learn more about 1621 E 5th Street? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.