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$ 1,325,000
Est. payment /mo
Active Under Contract
4024 E 5th Street Long Beach, CA 90814
4 Beds
2,040 SqFt
UPDATED:
12/03/2024 01:21 AM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,040 sqft
Price per Sqft $649
MLS Listing ID CRPW24167619
Bedrooms 4
HOA Y/N No
Year Built 1924
Lot Size 6,770 Sqft
Acres 0.16
Property Description
Unlock the potential of this Spanish-style duplex, ideally situated in the highly desirable Belmont Heights Historic Neighborhood. This investment property combines timeless architectural appeal with immediate income-generating potential, making it a standout addition to any portfolio. Both units are currently tenant-occupied with rents at or near market value, providing steady income from day one. The property has been freshly painted, ensuring low maintenance costs and strong tenant retention. A newly constructed deck enhances the property's appeal, offering additional outdoor living space. Adding to the property's allure is its expansive lot, complete with mature orange trees that not only enhance the landscape but also offer an extra selling point for future tenants. The sizable lot presents a unique opportunity for further development, including the addition of ADUs (Accessory Dwelling Units), allowing you to maximize rental income and significantly increase property value (buyer to verify with City of Long Beach). Looking ahead, the upcoming 2028 Olympic Games in Long Beach presents a unique advantage for investors. With Long Beach set to host several Olympic events, the area is expected to see a surge in demand for short-term and long-term rentals, driving potential increa
Location
State CA
County Los Angeles
Area Listing
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Fireplace No
Laundry Dryer, Laundry Room, Washer
Exterior
Total Parking Spaces 5
Building
Lot Description Other
New Construction No
Others
Tax ID 7255019008
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Sarah Sees Smith • Seven Gables Real Estate