$7,300,000 - 440 W 5th Street, Long Beach

  • 3Beds
  • 2Baths
  • 19,657SQ. Feet
  • 0.30Acres

440 West 5th Street, a 21-unit* apartment building in downtown Long Beach, California. Downtown Long Beach has been rapidly redeveloping in recent years, thanks to hundreds of millions of dollars worth of public and private investment. The property is well-located within walking distance of the numerous popular dining, retail and entertainment opportunities available downtown and conveniently near the 710 Freeway. The offering is a four-story, 1987 construction apartment building with gated parking on the ground floor and nine one-bedroom and 12 two-bedroom units on the top three floors. Recent upgrades include new hardwood-style flooring, new kitchen hardware and new bathroom fixtures. Amenities include fireplaces, in-unit laundry hookups, dishwashers, balconies, bedroom ceiling fans, and secure parking. The property also features a new rooftop deck with amazing views for tenants’ enjoyment. These amenities make 440 West 5th Street competitive in such a dense rental market, and the property’s good location and desirable unit mix make this offering an excellent opportunity for an investor to add value and capture substantial potential upside in rents.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:PW19035823
  • Price:$7,300,000
  • Bedrooms:3
  • Bathrooms:2.00
  • Square Footage:19,657
  • Acres:0.30
  • Year Built:1987
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:440 W 5th Street
  • Area:Downtown Area, Alamitos Beach (4)
  • Subdivision:Downtown (DT)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90802

Amenities

  • Parking Spaces:21

Interior

  • Appliances:Electric Cooking, Electric Dryer Hookup
  • # of Stories:3
  • Stories:Three Or More Levels

Exterior

  • Lot Description:Landscaped

Additional Information

  • Date Listed:February 15th, 2019
  • Days on Market:33
  • Zoning:LBPD30
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Provided By: Steven Bogoyevac(01332755), Steven M. Bogoyevac, Broker.

Based on information from California Regional Multiple Listing Service, Inc. as of March 21st, 2019 at 11:16pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.