Listed by Julio Ruiz, Global Platinum Properties, Inc.,

5529 Dairy Avenue

Long Beach, CA, 90805

$3,895,000

$675 per ft²
$3,895,000
$675 per ft²
Active
Active
 - For Sale
beds
15 Beds
baths
10 Baths
carpenters-square
5,765 ft²
property_type
Multi-family
calendar
Built 1964
Once in a lifetime 100% vacant and renovated, 10-unit residential income opportunity ready to cash flow at an amazing 5% Cap Rate and 14.2 GRM in North Long Beach. This building was fully stripped to the studs and thoroughly renovated with permits. The property features a new roof, electrical system, plumbing, and new windows throughout. Other upgrades include new cabinets, flooring, recessed lighting, bathrooms, and stainless-steel appliances. The offering brings a diverse unit mix consisting of 5 (1bed/1bath) and 5 (2bed/1bath) units, all of which are individually metered for Gas & Electricity. . This is a great asset for an investor in search of a low-maintenance building in a desirable Los Angeles County location close to the water.
MLS® ID:
23234249
Listed:
1/18/23
Updated:
2/2/23

Interior Features

Kitchen Appliances
Microwave, Refrigerator
Total Bedrooms
15
Total Bathrooms
10
Heating
Wall Furnace

Exterior/Building Features

Lot Size
5,431 ft² lot
Architectural Style
Traditional

Other Property Details

Area Name
7 - North Long Beach
Garage
No
Parking
Gated
Parking Total
3.0
View
N
County
Los Angeles
Pool
No
Zoning
LBR1N
Buyer Agency Compensation
2.500

Listed by Global Platinum Properties, Inc., Julio Ruiz,
Listing Contact:  

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Data last updated 10:08 PM UTC, 2/2/23

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