737 E 5th Street, Long Beach, CA 90802 - Berkshire Hathaway HomeServices California Properties

737 E 5th Street, Long Beach, CA 90802

$4,400,000 Approx. USD 0 beds, 0 baths

Listing Agent


Kevin King | kking@marcusmillichap.com
Lic#: 01158184
Broker: Courtesy of Marcus & Millichap

Agent Remarks

New Pricing and Recent Rent Increases!” “Now a 6.21% Cap Rate at List Price. We are pleased to present a very well maintained 14- unit apartment in a fantastic East Village location. The building was built in 1964 and features 4 one-bedroom units, 4 two-bedroom units, and 6 two-bedroom two bath units. Current ownership has taken extremely good care of these buildings and over the years has replumbed the building, upgraded the electrical, installed new windows, installed a new roof and in general created a turnkey asset or a new investor. The current rents are slightly below market allowing a new owner to raise rents without turnover.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# PW24229677
List price is $4,400,000 Reduced by $100,000 on 4/3/2025
Price: $4,400,000
Beds: 0
Baths: 0
Built in 1964
2 stories
0.17 acres
Lot size: 0.1714
County: Los Angeles
Zoning: LBPD30
Lot description: ElevenToFifteenUnitsAcre
Heating description: Natural Gas
MLS area: 699 - Not Defined

Last Updated: 4/4/2025

 Days On Market (DOM): 251

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 33.773240, -118.182766.
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Source: CRM. Also Available in PW24229677,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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