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SOLD 4/2/2024
Listing provided courtesy of Listing Broker: Robert Stepp, Keller Williams - Santa Monica
Source CRMLS
2310 E 5th StLong Beach, CA 90814
$2,495,000
bed
bath
0sq ft
2310 E 5th St, Long Beach, CA 90814
2310 E. 5th Street is an 8-unit apartment asset located in Long Beach, California. The property is offered at 11.92 GRM and 5.54% cap rate on current rents. The property is comprised of (3) 1BD / 1BA units; (2) 2BD / 1BA units; (1) 2BD / 2BA unit: and (2) 3BD / 3BA units. Four (4) garages offer the potential for ADU conversion. All units have been fully remodeled wit...

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Home facts
Listing
Status
Closed
Listed 2 months ago
Property type Vacant Land
Property
Year Built 1963
Style
Community Alamitos Beach (AB)
Lot Size 6,507 sq ft
MLS # PW24005106
Price
List price $2,495,000
Price/sq ft $
Home details
Interior Features & Layout
Interior Features
Entry Location: 1
Rooms Info
Entry Level: 1
Appliances
Laundry Features: Inside

Property, Lot, Community & Exterior Features
Multi-Unit Info
Number Of Units Total: 8
Parking Info
Garage Spaces: 4.0
Garage: true
Parking Spaces: 4.0
Building Info
Building Area Units: SquareFeet
Levels: Two
Total Sq. Ft.: 6604.0
MLS Property Type: Residential Income
Number of Stories: 2
Year Built Source: Assessor
Lot Info
Lot Size Source: Assessor
Elevation Units: Feet
Zoning Type: LBR3S
Lot Details: 6-10 Units/Acre
Lot Size Area: 6507.0
Acres: 0.1494
Lot Size Units: Square Feet
Community Info
Number Of Buildings: 1
Community Features: Sidewalks
Property Features
Common Walls: 2+ Common Walls

Utilities & Other Information
Utility Info
Number Of Separate Electric Meters: 8
Number Of Separate Gas Meters: 8
Number Of Separate Water Meters: 1
Water & Sewer Info
Water Source: Public
Sewer: Public Sewer

Listing Details, Costs & Financing Information
Financial Info
Water Sewer Expense: 1869.0
Gross Income: 211615.0
Fuel Expense: 1869.0
Trash Expense: 1869.0
Insurance Expense: 6000.0
Gross Scheduled Income: 218160.0
Operating Expense: 67497.0
Terms
Cash
Cash to New Loan
1031 Exchange
Lease Info
Net Operating Income: 144118.0
Tax/Assessment Info
2.000
2.000
APN: 7263020022
Listing Details
Status: Closed
Originating System Name: CRMLS
Other
Electric Expense: 1869.0

School Neighborhood & Directions
Location
Zip Code: 90814
4 - Downtown Area
Alamitos Beach
Zip Code +4: 6846
Neighborhood: Alamitos Beach (AB)
Directions: E 4th St
Country: US
Neighborhood
16
Listings
12
Days listed
$547.74
Price per sqft
101.41%
Sold over list %
Property history
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