Seller's Agent in 2024
Monica Esquivel
West Shores Realty, Inc.
(310) 541-8000
1 in this area
15 Total Sales
1621 E 5th St Long Beach, CA 90802
North Alamitos Beach Neighborhood
14
Beds
14
Baths
1
Sq Ft
6,746
Sq Ft Lot
Highlights
- 0.15 Acre Lot
- No HOA
- Accessible Parking
- Long Beach Polytechnic High School Rated A
- Laundry Room
- 3-minute walk to Miracle On Fourth Street Park
About This Home
As of February 20248-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!
Last Agent to Sell the Property
West Shores Realty, Inc. License #01715564 Listed on: 11/03/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 6,746 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 12 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 1 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 14 Bedrooms
- 14 Bathrooms
Additional Features
- Accessible Parking
- Exterior Lighting
- Wall Furnace
Listing and Financial Details
- Tax Lot 22
- Assessor Parcel Number 7266021025
Community Details
Overview
- No Home Owners Association
- 8 Units
- Alamitos Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,276
- Operating Expense $29,856
- Gross Income $190,135
- Net Operating Income $160,279
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/22/2024 02/22/24 | Sold | $2,448,000 | -2.1% | $2,448,000 / Sq Ft | |
| 02/06/2024 02/06/24 | Price Changed | $2,500,000 | 0.0% | $2,500,000 / Sq Ft | |
| 02/06/2024 02/06/24 | For Sale | $2,500,000 | 0.0% | $2,500,000 / Sq Ft | |
| 11/03/2023 11/03/23 | For Sale | $2,500,000 | +108.3% | $2,500,000 / Sq Ft | |
| 07/18/2013 07/18/13 | Sold | $1,200,000 | 0.0% | $206 / Sq Ft | View Prior Sale |
| 06/04/2013 06/04/13 | Pending | -- | -- | -- | |
| 05/12/2013 05/12/13 | For Sale | $1,200,000 | -- | $206 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Monica Esquivel
-
William Larson
Buyer's Agent in 2024
William Larson
First Team Real Estate
(866) 525-3656
4 in this area
25 Total Sales
-
Nancy Deprez
Seller's Agent in 2013
Nancy Deprez
Vista Sotheby's Int'l Realty
(310) 739-8272
2 in this area
138 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23204691
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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