Long Beach, CA 90802,719 E 5th ST
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Long Beach, CA 90802,719 E 5th ST
Long Beach, CA 90802,719 E 5th ST
Long Beach, CA 90802,719 E 5th ST
Long Beach, CA 90802,719 E 5th ST

$1,440,000

Est. payment /mo

$1,299,000

10.9%
Est.Price: ?

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719 E 5th ST Long Beach, CA 90802

7,405 Sqft Lot

SOLD DATE : 11/17/2020

Key Details

Sold Price $1,440,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Other (Othr)

MLS Listing ID PW20176993

Sold Date 11/17/20

Construction Status Turnkey

HOA Y/N No

Year Built 1910

Lot Size 7,405 Sqft

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 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 that’s 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.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBPD30

Interior

Heating Zoned

Cooling Zoned

Fireplace No

Laundry Inside

Exterior

Parking Features Assigned

Garage Spaces 2.0

Garage Description 2.0

Fence Wood, Wrought Iron

Pool None

Community Features Street Lights, Sidewalks

Roof Type Shingle

Total Parking Spaces 7

Private Pool No

Building

Lot Description Rectangular Lot

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Craftsman

Level or Stories One

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 7281003017

Acceptable Financing Conventional, Submit, VA Loan

Listing Terms Conventional, Submit, VA Loan

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Juan Huizar • Sage Real Estate
Bought with Andrew Gombiner • Gombiner & Company

Chris Robertson

Broker Associate | License ID: 01727638

+1(949) 777-5607

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