440 W 5th Street Long Beach, CA 90802

231514242 33.77262 -118.19737 124 /listing/231514242-150201398/440-w-5th-street-long-beach-ca-90802 False 0 7300000.0 105 PW19035823 False
  • $7,300,000
  • 12,942 lot
  • Est payment $39187.98/mo

Property & Neighborhood Info

Courtesy Of Steven Bogoyevac, Steven M. Bogoyevac, Broker

Multi-Family in Long Beach

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.

Courtesy Of Steven Bogoyevac, Steven M. Bogoyevac, Broker
  1. 12,942 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1987
  • Garage: 21.0
  • Floors: 3
  • County: Los Angeles
  • Units: 21
  • Zoning: LBPD30
  • Subdivision: Downtown (Dt)
  • MLS Number:PW19035823

Additional Features

  • Laundry:
    • Electric Dryer Hookup
    • Inside
    • Washer Hookup
  • Common Walls:
    • No Common Walls
  • Levels:
    • Three Or More
  • Water Source:
    • Public
  • Land Size Source:
    • Assessor
  • Lot Features:
    • Landscaped
  • Pool Features:
    • None
  • Parking Spaces:
    • 21.00
  • Sewer:
    • Public Sewer
  • Community Features:
    • Sidewalks
    • Urban
  • Number of Buildings:
    • 1
  • Gross Income:
    • 461880.00
  • Net Operating Income:
    • 277372.00
  • CDOM:
    • 120
  • Special Conditions:
    • Standard
  • Fuel Exp:
    • 0.00
  • Insurance Expense:
    • 0.00
  • Lot Size Acres:
    • 0.2971
  • Lot Size Area:
    • 12942.0000
  • Lot Size Square Feet:
    • 12942.00
  • Operating Expense:
    • 174415.00
  • Price Per SQFT:
    • 371.37
  • Tax ID:
    • 7280012037
  • Total Expenses:
    • 174415.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Elizabeth Otok
Elizabeth Otok
Broker Associate

Request More Info

440 W 5th Street Long Beach, CA 90802

231514242 33.77262 -118.19737 124 /listing/231514242-150201398/440-w-5th-street-long-beach-ca-90802 False 0 7300000.0 105 PW19035823 False
  • $7,300,000
  • 12,942 lot
  • Est payment $39187.98/mo