334 W 5th Street

Long Beach, CA 90802

  • 4 Bed(s)
  • 4 Bath(s)
  • 2,688 Sqft
  • 2001
    Sqft(Lot)
$1,050,000

Description

Perfect 4 unit investment property right in the heart of downtown long beach, benefitting from over $8 billion in new and ongoing development. the property features four 1 bed/1 bath units in 2688 square feet on a 2001 square foot lot. well priced on actual income at 13.3x grm with a 9% upside in rents to a market grm of 12. nicely remodeled interiors that offer modern finishes while maintaining the period character of the building. simple low expense property separately metered for gas and electric. well maintained, professionally managed asset in a dense, high demand rental market. attractive entry price and low price per door for a 4 unit property, offering 30 year fixed financing. the property is only 2 blocks to the massive civic center redevelopment, 2 blocks to historic pine avenue, and 5 blocks to ocean blvd. the metro blue line station is only one block away for excellent transit access. per costar, 65% of households within a 5 mile radius are renters with an average household income of over $93,000.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49131862

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Interior Features: Built-in Features
    • Property Appliances: Gas Range
    • Fireplace: None
    • Flooring: Laminate

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1923
    • Building Area Total: 2,688

    Foundation

    • Raised

    Accessibility Features

    • None

    Pool Features

    • None

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.0459
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 2001

  • Listing Price Information

    • Original List Price: 1,050,000
    • Listing Contract Date: 2025-03-06

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7280011005

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 4 - Downtown Area, Alamitos Beach
    • Postal Code Plus 4: 6652
    • Directions: SouthWest corner of 5th and Chestnut Ave
    • Zoning: LBPD10
    • Source Property Type: Residential Income
    • Area: 4 - Downtown Area, Alamitos Beach
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 102
    • Common Walls: 2+ Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/04/2025 @ 15:28

  • MLS: SB25062688
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 4 bedrooms which is for sale, it has 2,688 sqft, 2,001 sized lot, and 0 parking. are nearby neighborhoods.