$12,200,000

5120 E Livingston Dr Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated payment $75,931/month

Total Views 19,319
3 Beds
3 Baths
16,874 Sq Ft
$723 Price per Sq Ft

Highlights

  • 0.37 Acre Lot
  • Laundry Room
  • 4-minute walk to Livingston Drive Park
  • Lowell Elementary School Rated A-

About This Home

Livingston Place is a 26-unit apartment complex located at 5120 Livingstone Drive in the highly sought-after Belmont Shore rental submarket of Long Beach. Attractive assumable financing is available at 2.97% with 60% LTV through 2030. The property consists of all 1-bedroom, 1-bathroom units in varying sizes, all remodeled with modern kitchens and bathrooms. A spacious and inviting common courtyard enhances the living experience, featuring BBQ and dining facilities. Additionally, the oversized lot includes 13 private garages, adding convenience and value for residents. Recent capital improvements include upgraded electrical panels and completed seismic retrofitting. Situated in the heart of Belmont Shore, Livingston Place offers a prime location just steps from the beach and within close proximity to Naples Island, the vibrant shopping and dining scene of 2nd Street, and the picturesque Alamitos Bay.

Listing Agent

Robert Stepp

Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 03/25/2025

Keller Williams Realty Downey

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Lot Details

  • 0.37 Acre Lot
  • Two or More Common Walls
  • Density is 26-30 Units/Acre

Parking

  • 13 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 16,874 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 11625
  • Assessor Parcel Number 7249012005
  • $3,020 per year additional tax assessments

Community Details

Overview

  • 4 Buildings
  • 26 Units
  • Belmont Park Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 26 Separate Electric Meters
  • 26 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,855
  • Fuel Expense $4,855
  • Gardener Expense $8,400
  • Insurance Expense $39,000
  • Maintenance Expense $18,200
  • Other Expense $7,800
  • Pest Control $1,200
  • Professional Management Expense $42,105
  • Trash Expense $4,855
  • Water Sewer Expense $4,855
  • New Taxes Expense $154,833
  • Operating Expense $293,456
  • Gross Income $752,626
  • Net Operating Income $459,170

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

0

Parking

13

Listing Details

  • Professional Management Expense: 42105.00
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Park (BP)
  • Water Sewer Expenses: 4854.50
  • Zoning: LBR4R
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 8400.00
  • Parcel Number: 7249012005
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 723.01

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 13.00
  • Total Parking Spaces: 13.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Inside
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 4854.50
  • 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: 26-30 Units/Acre
  • Lot Size Sq Ft: 15912.00
  • Lot Size Acres: 0.3653

Multi Family

  • Electric Expense: 4854.50
  • Fuel Expense: 4854.50
  • Gross Income: 752626.00
  • Gross Multiplier: 15.72
  • Gross Scheduled Income: 775903.00
  • Insurance Expense: 39000.00
  • Lot Size Area: 15912.0000 Square Feet
  • Maintenance Expense: 18200.00
  • Net Operating Income: 459170.00
  • Number Of Separate Electric Meters: 26
  • Number Of Separate Gas Meters: 26
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 26
  • Operating Expense: 293456.00
  • Other Expense: 7800.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 293456.00

Tax Info

  • New Taxes Expense: 154833.00
  • Tax Census Tract: 5774.00
  • Tax Lot: 8
  • Tax Tract Number: 11625
  • TaxOtherAnnualAssessmentAmount: 3020.00

Map

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 List to Sale Price per Sq Ft
03/25/2025 03/25/25 For Sale $12,200,000 -- $723 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25065019

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90803 Belmont Shore

5120 E Livingston Dr, Long Beach, CA

For Sale

MultiFamily

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Robert Stepp
Listing Agent
Robert Stepp
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Keller Williams Realty Downey
(562) 372-6396