NOT LISTED FOR SALE

2310 E 5th St Long Beach, CA 90814

Bluff Heights Neighborhood
8 Beds
7 Baths
6,604 Sq Ft
6,507 Sq Ft Lot

Last Sold April 02, 2024

Last sale price $2,495,000 $378 Per Sq Ft

73 Days on Market

About This Home

As of April 2024

2310 E. 5th Street is an 8-unit apartment asset located in Long Beach, California. The property is offered at 11.92 GRM and 5.54% cap rate on current rents. The property is comprised of (3) 1BD / 1BA units; (2) 2BD / 1BA units; (1) 2BD / 2BA unit: and (2) 3BD / 3BA units. Four (4) garages offer the potential for ADU conversion. All units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathrooms, and modern fixtures and features throughout. Renovated units offer in-unit washers and dryers. With an excellent Walk Score of 95, the property is located in walking distance to vibrant Retro Row with attractive shopping, dining and nightlife amenities.

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 01/09/2024

Keller Williams Realty Downey

Last Buyer's Agent

Ed Kaminsky

eXp Realty of California, Inc. License #00958114

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,507 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 6,604 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 5768
  • Assessor Parcel Number 7263020022
  • $1,551 per year additional tax assessments

Community Details

Overview

  • 8 Units
  • Alamitos Beach Subdivision

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,869
  • Fuel Expense $1,869
  • Gardener Expense $1,200
  • Insurance Expense $6,000
  • Maintenance Expense $5,600
  • Other Expense $2,400
  • Pest Control $900
  • Professional Management Expense $10,581
  • Trash Expense $1,869
  • Water Sewer Expense $1,869
  • New Taxes Expense $32,440
  • Operating Expense $67,497
  • Gross Income $211,615
  • Net Operating Income $144,118

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.54
  • Price Per Unit: 325000
  • Professional Management Expense: 10581.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 1869.00
  • Zoning: LBR3S
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7263020022
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 377.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Pest Control Expense: 900.00
  • Sewer: Public Sewer
  • Trash Expense: 1869.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6507.00
  • Lot Size Acres: 0.1494

Multi Family

  • Electric Expense: 1869.00
  • Fuel Expense: 1869.00
  • Gross Income: 211615.00
  • Gross Multiplier: 11.92
  • Gross Scheduled Income: 218160.00
  • Insurance Expense: 6000.00
  • Lot Size Area: 6507.0000 Square Feet
  • Maintenance Expense: 5600.00
  • Net Operating Income: 144118.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 67497.00
  • Other Expense: 2400.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 67497.00

Tax Info

  • New Taxes Expense: 32440.00
  • Tax Census Tract: 5768.01
  • Tax Lot: 22
  • Tax Tract Number: 5768
  • TaxOtherAnnualAssessmentAmount: 1551.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2024 04/02/24 Sold $2,495,000 -4.0% $378 / Sq Ft
03/22/2024 03/22/24 Pending -- -- --
01/09/2024 01/09/24 For Sale $2,600,000 -- $394 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robert Stepp

    Seller's Agent in 2024

    Robert Stepp

    Keller Williams Realty Downey

    (310) 463-2916

    4 in this area

    72 Total Sales

    Section Image
  • Ed Kaminsky

    Buyer's Agent in 2024

    Ed Kaminsky

    eXp Realty of California, Inc.

    (310) 465-3993

    1 in this area

    509 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24005106

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90814 Bluff Heights

2310 E 5th St, Long Beach, CA

This home is located at 2310 E 5th St, Long Beach, CA 90814 since 09 January 2024. This property was built in 1963. 2310 E 5th St is a home located in Los Angeles County with nearby schools including Burbank Elementary School, Woodrow Wilson High School, and Maple Village Waldorf School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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