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For sale
  • Listing Provided by: 

    Kevin King DRE #01158184 kking@marcusmillichap.com,

    Marcus & Millichap

    $4,400,000

    737 E 5th St #KT31VK14X, Long Beach, CA 90802

    24beds
    20baths
    12,412sqft
    : 
    Multi Family
    Built in 1964
    -- sqft lot
    $4,154,000 Zestimate®
    $354/sqft
    $-- HOA

    What's special

    New Pricing and Recent Rent Increases!” “Now a 6.21% Cap Rate at List Price. 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.
    178 days
    on Zillow
    |
    67
    |
    4
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 04, 2025 at 02:08am

    Listing Provided by:

    Kevin King DRE #01158184 kking@marcusmillichap.com,

    Marcus & Millichap

    Source: CRMLS,MLS#: PW24229677MLS LogoOriginating MLS: California Regional MLS
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 737 E 5th St #KT31VK14X.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 24
    • Bathrooms: 20
    Heating
    • Natural Gas
    Appliances
    • Laundry: Community
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 12,412
    • Total interior livable area: 12,412 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Garage
    • Garage spaces: 7
    Features
    • Levels: Two,Three Or More
    • Stories: 3
    • Entry location: Front
    • Pool features: None
    Lot
    • Size: 7,468 Square Feet
    • Features: 11-15 Units/Acre
    Details
    • Parcel number: 7281003019
    • Zoning: LBPD30
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1964

    Utilities & green energy

    • Sewer: Public Sewer, Septic Type Unknown
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Sidewalks
    Location
    • Region: Long Beach

    Financial & listing details

    • Price per square foot: $354/sqft
    • Date on market: 11/7/2024
    • Total actual rent: 30225
    • Income includes: Laundry
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