Long Beach, CA 90814,3025 E 5th ST
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Long Beach, CA 90814,3025 E 5th ST
Long Beach, CA 90814,3025 E 5th ST
Long Beach, CA 90814,3025 E 5th ST
Long Beach, CA 90814,3025 E 5th ST

$5,800,000

Est. payment /mo

$5,995,000

3.3%
Est.Price: ?

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3025 E 5th ST Long Beach, CA 90814

0.31 Acres Lot

SOLD DATE : 04/23/2024

Key Details

Sold Price $5,800,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID PW23222053

Sold Date 04/23/24

HOA Y/N No

Year Built 1961

Lot Size 0.310 Acres

Property Description

3025 E. 5th Street is a 20-unit apartment asset located just one block from popular Retro Row in Long Beach, California. The property is comprised of (10) 2BD / 2BA units and (10) 1BD / 1BA units surrounding a landscaped courtyard. Fourteen (14) of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers. The ten (10) existing garages offer the opportunity for additional income or for ADU conversion to increase rental income. The property is located in walking distance to vibrant Retro Row with attractive shopping, dining and nightlife amenities.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR2N

Interior

Fireplace No

Laundry Inside

Exterior

Garage Spaces 10.0

Garage Description 10.0

Pool None

Community Features Sidewalks

Total Parking Spaces 10

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7257006031

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Robert Stepp • Keller Williams - Santa Monica • 310-463-2916
Bought with Robert Stepp • Keller Williams - Santa Monica

Gwyn Goodman

Broker | License ID: 00779815

+1(805) 443-5650

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