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.
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
Est.:
Multi Family
Built in 1964
-- sqft lot
$4,154,000 Zestimate®
$354/sqft
$-- HOA
What's special
- 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#: PW24229677
Originating MLS: California Regional MLS

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Tour with a buyer’s agent
Tour with a buyer’s agent
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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