Residential Income – 2333 E 5th St, Long Beach, CA 90814, USA -001-11-30T00:00:00-08:00
The East Fifth Street Apartments is comprised of two buildings consisting of eighteen-one bedroom units, four-two bedroom units, twelve private garages and a well-maintained central courtyard. The property has 19 of the 22 unit remodeled with high end finish
2333 E 5th St, Long Beach, CA 90814, USA
$7,000,000 USD
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Address2333 East 5th Street, Long Beach
Price$7,000,000
Year Built1963
Bedrooms Total0
Living Area13,996 ft2
Lot Size (Sq.Ft.)13,008
Listing IDPW17273691
StatusActive
Parcel Number7263021007
ZoningLBR3S
Special ConditionsStandard
Days on Market41

Detailed Description: The East Fifth Street Apartments is comprised of two buildings consisting of eighteen-one bedroom units, four-two bedroom units, twelve private garages and a well-maintained central courtyard. The property has 19 of the 22 unit remodeled with high end finishes–offering investors a turn-key asset. The building is located in the trendy Retro Row neighborhood and walking distance to 4th Street restaurants, coffee shops, shopping and nightlife venues.

Fireplace
Laundry
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease
Appliances

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Address Information
Address2333 East 5th Street, Long Beach
Street PrefixEast
Street SuffixStreet
Subdivision NameOther (OTHR)
CityLong Beach
Location (MLS Area)3 – Eastside, Circle Area
County Or ParishLos Angeles
Postal Code Plus46834
CountryUS
Financial Information
Price per Square Foot$500.14
Price per Lot Square Foot$538.13
Special ConditionsStandard
Total Expenses$137,952
Professional Management Expense$17,091
Licenses Expense$890
Operating Expense$137,952
Insurance Expense$6,982
Gardner Expense$2,040
Electric Expense$2,750
Water Sewer Expense$2,750
Trash Expense$2,750
Maintenance Expense$7,700
Supplies Expense$3,300
Fuel Expense$2,750
Other Expense DescriptionOS-MGMT
Other Expense$3,000
Gross Operating Income$427,272
Gross Income$449,760
Gross Scheduled Income$436,200
Net Operating Income$289,320
Total Actual Rent$36,350
Laundry Income$3,960
Garage Income$9,600
Tax Year2018
Tax Lot6
New Taxes Expense$83,910
Full Descriptions
Parcel Number7263021007
Detailed DescriptionThe East Fifth Street Apartments is comprised of two buildings consisting of eighteen-one bedroom units, four-two bedroom units, twelve private garages and a well-maintained central courtyard. The property has 19 of the 22 unit remodeled with high end finishes–offering investors a turn-key asset. The building is located in the trendy Retro Row neighborhood and walking distance to 4th Street restaurants, coffee shops, shopping and nightlife venues.
Lot FeaturesLevel with Street, Lot-Level / Flat
Community FeaturesSidewalks
Interior FeaturesRecessed Lighting, Unfurnished
Flooring DescriptionTile
Laundry FeaturesArea
Appliances DescriptionDishwasher, Electric Stove, Range / Stove Hood
Sewer DescriptionUnknown
Fireplace FeaturesNone
Common Walls Description2
Pool FeaturesNone
Road Surface TypeGravel
Road Frontage TypeCity Street
Property parameters
Year Built1963
Living Area (Sq.Ft.)13,996 ft2
Lot Size (Sq.Ft.)13,008
Number of Buildings2
Number of Units Total22
ZoningLBR3S
Stories Total2
Parking Spaces12
Garage Spaces12
LevelsTwo
Units Total22
Number of Separate Electric Meters22
Number of Separate Gas Meters22
Number of Separate Water Meters22
Listed withRobert Stepp (Keller Williams Pacific Estate)