$2,448,000
$2,500,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
1621 E 5th ST Long Beach, CA 90802
1 SqFt
Key Details
Sold Price $2,448,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $2,448,000
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW23204691
Sold Date 02/22/24
HOA Y/N No
Year Built 1986
Lot Size 6,747 Sqft
Acres 0.1549
Property Description
8-UNIT BUILDING LESS THAN A MILE TO THE OCEAN in Alamitos Beach in Long Beach. You must drive by this 8-unit building of 2 bedrooms, and 2 baths each unit has its own balcony. Gated 12 parking spaces and a Laundry room on ground level with room to improve rents.
All 8 units are separately metered for Gas and Electricity. Units each have a comfortable layout with a master suite with an ensuite full bath then a second bedroom and another full bath in the hall. is in a great pocket neighborhood on 5th St. Built in '87 Well-maintain building fully occupied and the owner has invested in remodeled with floors, paint, appliances, etc. Top floor 4 units have cathedral ceilings for a very open feel. Great location minutes from the beach, restaurants, grocery stores, Retro Row on 4th Street (between Cherry and Junipero), close to Cal State Long Beach, Long Beach Community College 710 & 605 freeways, and transportation.
You will not find a better return for this condition of building. The building is virtually turn-key with an upside in rental income to boot! THE SELLER IS MOTIVATED AND ENTERTAINING ALL OFFERS!
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR1N
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 12.0
Garage Description 12.0
Pool None
Community Features Street Lights
Accessibility Parking
Total Parking Spaces 12
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 7266021025
Acceptable Financing Cash to Existing Loan, Trust Deed
Listing Terms Cash to Existing Loan, Trust Deed
Financing Conventional
Special Listing Condition Standard
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Bought with Bill Larson • First Team Real Estate