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    719 E 5th Street

    Long Beach, CA 90802
    • $1,299,000
    • STATUS: CONTINGENT
    • ON SITE: 27 days
    • ID#: 302650231
    Under Contract
    UPDATED: 44 min ago
    $1,299,000
    • 7
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    As you walk past the trendy, independently-owned merchants, coffee shops, and eateries of the East Village Arts District, a fully-remodeled, charming Craftsman fourplex catches your eye. Your first thought: this must be 719 E. 5th Street! This property has been meticulously cared for by the current owner, who has treated this as their most prized project. All units contain quartz countertops, fully remodeled kitchens, fully remodeled bathrooms, new flooring, and new paint, all of which are complemented by As you walk past the trendy, independently-owned merchants, coffee shops, and eateries of the East Village Arts District, a fully-remodeled, charming Craftsman fourplex catches your eye. Your first thought: this must be 719 E. 5th Street! This property has been meticulously cared for by the current owner, who has treated this as their most prized project. All units contain quartz countertops, fully remodeled kitchens, fully remodeled bathrooms, new flooring, and new paint, all of which are complemented by the hand-selected vintage light fixtures and hardware. To attract and retain the best tenants, each unit has been equipped with air conditioning and laundry and if thats not enough, there are 7 parking spaces for the property and a private outdoor space for each unit. It is not hard to understand why the property achieves the highest rents in the area, bringing in over $110,000 annually. This investment truly offers a unique chance to own a prize property in East Village, while generating an income high enough to satisfy any investor.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.triolorealty.com/homes/109502933
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    719 E 5th Street Long Beach, CA 90802

    • Price: $1,299,000
    • Status: CONTINGENT
    • Updated: 44 min ago
    • ID#: 302650231
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1910
    Built
    Neighborhood:
    Other (Othr)
    County:
    Los Angeles
    Area:
    Long Beach (90802)
    Property Description
    As you walk past the trendy, independently-owned merchants, coffee shops, and eateries of the East Village Arts District, a fully-remodeled, charming Craftsman fourplex catches your eye. Your first thought: this must be 719 E. 5th Street! This property has been meticulously cared for by the current owner, who has treated this as their most prized project. All units contain quartz countertops, fully remodeled kitchens, fully remodeled bathrooms, new flooring, and new paint, all of which are complemented by As you walk past the trendy, independently-owned merchants, coffee shops, and eateries of the East Village Arts District, a fully-remodeled, charming Craftsman fourplex catches your eye. Your first thought: this must be 719 E. 5th Street! This property has been meticulously cared for by the current owner, who has treated this as their most prized project. All units contain quartz countertops, fully remodeled kitchens, fully remodeled bathrooms, new flooring, and new paint, all of which are complemented by the hand-selected vintage light fixtures and hardware. To attract and retain the best tenants, each unit has been equipped with air conditioning and laundry and if thats not enough, there are 7 parking spaces for the property and a private outdoor space for each unit. It is not hard to understand why the property achieves the highest rents in the area, bringing in over $110,000 annually. This investment truly offers a unique chance to own a prize property in East Village, while generating an income high enough to satisfy any investor.
    Exterior Features

    Parking Garage Desc Unit1 Assigned Pool N/K Site Sidewalks

    Interior Features

    Cooling Zoned Area(S) Heat Equipment Zoned Areas Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Units With Range Oven 4 Units With Refrigerators 4

    Property Features

    Actual Cap Rate 6.74 Annual Expense Actual 23431 Assessments N/K Buildings 3 Gross Rent Multiplier Actual 11.71 Gross Scheduled Income Actual 110940 Possession Close Of Escrow Tenant Pays ElectricityGas/Propane Terms ConventionalVa Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 3195.0 Unit2 Rent Actual 2305.0 Unit3 Rent Actual 1950.0 Unit4 Rent Actual 1795.0 Water Meter On Property Zoning Lbpd30

    Listing provided courtesy of Sage Real Estate. Listing information © 2020 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130