Kevin King
This listing was posted on RealtyWW.
$3,450,000
Home For Sale In Long Beach, California
Price:
$3,450,000
BR/BA:
10+ BR, 9 BA
Location:
2930 E 5th St, Long Beach, CA
Description:
We are pleased to present an eight unit multifamily asset located at 2930 E 5th Street in Long Beach, California. Built in 1963, the subject property consists of 6, 702 rentable square feet spread throughout a 0.15 acre lot. The building consists of seven 2-Bedroom / 1- Bathroom units and one 3- Bedroom/ 2-Bathroom unit. Owners enjoy the high demand for rentals in a coastal city of Southern California. Located just off the retro row corridor of 4th street, 2930 E 5th is considered a walker's paradise with a walk score of 91, ideal for tenants who can easily get to restaurants, shopping, entertainment, and schools by foot. Tenants are also easily able to commute to large employment centers like Downtown Long Beach and CSULB, both just a few miles away. In addition, all of the eight units have been extensively renovated, including, but not limited to, new flooring, new cabinets, new fixtures, new electrical subpanels, and new paint. Those units are achieving top of market rents, demonstrating the viabilty of this asset in a prime Belmont Heights location. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14, 000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a great location with strong current income that will provide a stable return.For more details: https://realtyww.info/homes_long-beach-d523493/for-sale_i69562852
Property Type:
Single-Family Houses
Posted:
March 17 on RealtyWW
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More About this Listing: Home For Sale In Long Beach, California
Home For Sale In Long Beach, California is a 10+ BR 9 Bathroom Single-Family Homes for Sale at 2930 E 5th St in Long Beach CA. Find other listings like Home For Sale In Long Beach, California and listings near 2930 E 5th St by searching Oodle Classifieds for 10+ BR 9 Bathroom Single-Family Homes for Sale in Long Beach CA.
Home For Sale In Long Beach, California is a 10+ BR 9 Bathroom Single-Family Homes for Sale at 2930 E 5th St in Long Beach CA. Find other listings like Home For Sale In Long Beach, California and listings near 2930 E 5th St by searching Oodle Classifieds for 10+ BR 9 Bathroom Single-Family Homes for Sale in Long Beach CA.