Skip to main content
Active
3041 E 5th Street Long Beach, CA 90814
$1,500,000

Property listed by Sage Real Estate, Juan Huizar. IDX Contact: 562-400-7622

Contact Us to Learn More

  • David Oronoz

    David Oronoz

    Principal | Multifamily Investments

    DRE# 01838862

  • Bobby Aschtiani

    Bobby Aschtiani

    Principal | Multifamily Investments

    DRE# 02048373

  • Chris Pettit

    Chris Pettit

    Founder

    DRE# 01983950

Property Description

The possibilities are endless with this charming Craftsman located in Rose Park South. The property is comprised of 4 units total, with the front house featuring traditional Craftsman architecture with 2 bedrooms with an office and 1 bath, dedicated front yard. Traveling down the long driveway you will find 3 units in the rear, with each unit consisting of 1 bedroom and 1 bath. The tenants will not have to search for parking, as the property contains two 1-car garages, as well as 6 parking spaces located between the two buildings. Due to its location, the property offers a tremendous lifestyle being just a 1/4 of mile to Retro Row and 1 mile to the water. As an added bonus, one unit is vacant for you to set the new rent!

Property Details & Features

Property Type

  • Quadruplex

Year Built

  • 1927

Property Access

  • City Street
  • Maintained

Appliances and Equipment

  • Dryer
  • Washer

House

  • 2 total stories
  • Built in 1927
  • Stories: 2
  • 2844 total building sqft
  • Craftsman
  • No Common Walls
  • Two

Community

  • Street Lights
  • Sidewalks

Cooling

  • Wall/Window Unit(s)

Expenses

  • Insurance Expense: $950
  • Maintenance Expense: $2,400
  • Operating Expense: $24,390
  • Water Sewer Expense: $2,400

Garage

  • 2 garage spaces

Income

  • Gross Income: 81300
  • Gross Scheduled Income: 81300
  • Net Operating Income: 56700

Laundry

  • Common Area

Listing

  • Listing ID: PW22166415
  • Property Subtype: Quadruplex
  • First day on market
  • Listed on 2022-08-01
  • Rent controlled

Location

  • County: Los Angeles
  • Subdivision: Other (OTHR)

Lot

  • 6751 sqft
  • 0.155 acres
  • Area: 6751
  • 0-1 Unit/Acre

Parking

  • 6 open parking spaces
  • 8 total parking spaces
  • Driveway
  • Garage

Possession

  • Close Of Escrow

Property

  • WalkScore: 91
  • 2 buildings
  • 4 units

Sewer

  • Public Sewer

Taxes

  • New Taxes: $18,750

Tenant Pays

  • Electricity
  • Gas

Utilities

  • 4 separate electric meters
  • 4 separate gas meters

Mortgage Calculator

Let’s Talk

You’ve got questions and we can’t wait to answer them.

We use cookies and tracking technology in connection with your activities on our website. By viewing and using our website, you consent to our use of cookies and tracking technology in accordance with our Privacy Policy.