737 East 5th Street

Long Beach, CA 90802

$4,500,000
Price
5
Beds
20
Baths
12,412 Sq. Ft.
$363 / Sq. Ft.
12,412
Sq. Ft.
$363
per Sq. Ft.

Description

We are pleased to present a very well maintained 14- unit apartment in a fantastic East Village location. The building was built in 1964 and features 4 one-bedroom units, 4 two-bedroom units, and 6 two-bedroom two bath units. Current ownership has taken extremely good care of these buildings and over the years has replumbed the building, upgraded the electrical, installed new windows, installed a new roof and in general created a turnkey asset or a new investor. The current rents are slightly below...We are pleased to present a very well maintained 14- unit apartment in a fantastic East Village location. The building was built in 1964 and features 4 one-bedroom units, 4 two-bedroom units, and 6 two-bedroom two bath units. Current ownership has taken extremely good care of these buildings and over the years has replumbed the building, upgraded the electrical, installed new windows, installed a new roof and in general created a turnkey asset or a new investor. The current rents are slightly below market allowing a new owner to raise rents without turnover.
  1. Listed by Kevin King • DRE #01158184 • Brokerage DRE #00530854 • Marcus & Millichap • kking@marcusmillichap.com

Property Details for 737 East 5th Street

Parking Spaces Total
7
Private Pool
No
Total Units
14.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
12412
Assessor Parcel Number
7281-003-019
Property Attached YN
true
LISTING UPDATED: 11/07/2024 04:54 AM

Property Details for 737 East 5th Street

StatusActive
MLS #PW24229677
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
CountyLos Angeles County

Building Information for 737 East 5th Street

Building/Complex737 E 5th StFloor-Stories3Residences-Pet Policy-Year Built1964Building Size-

Property Information for 737 East 5th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $362,190
  • Gross Scheduled Income: $373,392
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $362,190
  • Net Operating Income: $252,898
  • Number Of Rented Garages: 7
  • Garage Rental Rate: $205
  • Laundry Income: $520
  • Other Income 1: $1,435
Expense Details
  • Operating Expense: $109,292
  • New Taxes Expense: $55,993
  • Fuel Expense: $0
  • Licenses Expense: $1,500
  • Electric Expense: $2,300
  • Insurance Expense: $6,500
  • Maintenance Expense: $18,670
  • Professional Management Expense: $9,120
  • Other Expense: $5,032
  • Other Expense Description: Misc/Lau
  • Trash Expense: $3,120
  • Water Sewer Expense: $10,178
  • Total Expenses: $109,292
Tax / Assessment Info
  • Tax Block: 50
  • Tax Tract Number: 5762
  • Tax Census Tract: 5762.00
  • CFD/Mello-Roos Fee: $2,717
  • Tax Lot: 26
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Lease
  • Heating Type: Natural Gas
  • Heat Source: Natural Gas
  • Heating: Natural Gas
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 14
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two, Three Or More
  • Water: Public
  • Sewer: Public Sewer, Septic Type Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 7
  • Parking Garage Spaces: 7
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,776
  • Unit Type Total Rent: $7,105
  • Unit Type Pro Forma: 7340
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,246
  • Unit Type Total Rent: $13,476
  • Unit Type Pro Forma: 13830
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,145
  • Unit Type Total Rent: $8,580
  • Unit Type Pro Forma: 8600
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1

Property History for 737 East 5th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 737 East 5th Street

Taxable ValueLand$295,451Additions$739,623Total$1,035,074
Tax Record2024$15,629 ($1,302 / month)
Home Facts
Total Finished SqFt12,412 SqFtAbove Grade Finished SqFt12,412 SqFtLot Size7,468 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLBPD30CountyLOS ANGELESAPN7281-003-019

Schools near 737 East 5th Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Stevenson Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Renaissance High School For The Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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737 East 5th Street is a multi-family home for sale in Long Beach, CA 90802. This property was listed for sale on November 7, 2024 by Marcus & Millichap, it's currently listed at $4,500,000. This listing's school district is Long Beach Unified School District. Nearby schools include Stevenson Elementary School, Franklin Classical Middle School and Polytechnic High School. 737 East 5th Street is a 5-bed, 20-bath, 12,412 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Kevin King, DRE #01158184

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.