Long Beach, CA 90802,1048 E 5th ST
Long Beach, CA 90802,1048 E 5th ST
Long Beach, CA 90802,1048 E 5th ST
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$2,350,000
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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV25264295

HOA Y/N No

Year Built 1915

Property Sub-Type Multi Family

Property Description

***Immediate Income Opportunity***Value-add 6-unit in Long Beach with enough land for additional units + parking. Fully renovated, strong cash flow, and ready for a developers expansion plans. High upside via development or hold. Rare Long Beach opportunity: a fully stabilized 6-unit multifamily income property (5 of 6 units recently renovated, 6th unit has been updated) offered with garage parking for 5 spaces. Located near freeway access, top Long Beach dining and shopping corridors, and waterfront attractions. Excellent for investors seeking both strong cash flow and development upside. [CROSS POSTED - MLS # IV25271614]

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup

Building

Story 2

Water Public

Others

Tax ID 7266009015

Acceptable Financing Cash, Conventional, 1031 Exchange, Owner May Carry, Submit

Listing Terms Cash, Conventional, 1031 Exchange, Owner May Carry, Submit

Special Listing Condition Standard


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CRMLS – RECore
Listed by JENNIFER MENDOZA EXP REALTY OF CALIFORNIA INC agentjennifermendoza@gmail.com

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Leon Borunda

Leon Borunda

+1(559) 779-6540

Realtor | License ID: 01818465

Realtor License ID: 01818465

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