CA > Long Beach > Downtown (Dt)
Long Beach, CA 90802,334 W 5th ST
Long Beach, CA 90802,334 W 5th ST
Long Beach, CA 90802,334 W 5th ST
21
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$1,050,000
$1,050,000
Est. payment /mo
1,999 Sqft Lot
Sold on 08/15/2025

334 W 5th ST Long Beach, CA 90802

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Andrea Hamacher
Andrea Hamacher

REALTOR®, CREN, SFR, e-Pro | License ID: 01858698

+1(760) 522-3355

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Key Details

Sold Price $1,050,000

Property Type Single Family Home, Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Downtown (Dt)

MLS Listing ID SB25062688

Year Built 1923

Lot Size 1,999 Sqft

Property Sub-Type Quadruplex

Property Description

Perfect 4 unit investment property right in the heart of Downtown Long Beach, benefitting from over $8 billion in new and ongoing development. The property features four 1 bed/1 bath units in 2688 square feet on a 2001 square foot lot. Well priced on actual income at 13.3X GRM with a 9% upside in rents to a market GRM of 12. Nicely remodeled interiors that offer modern finishes while maintaining the period character of the building. Simple low expense property separately metered for gas and electric. Well maintained, professionally managed Asset in a dense, high demand rental market. Attractive entry price and low price per door for a 4 unit property, offering 30 year fixed financing. The property is only 2 blocks to the massive civic center redevelopment, 2 blocks to historic Pine Avenue, and 5 blocks to Ocean Blvd. The Metro Blue Line station is only one block away for excellent transit access. Per Costar, 65% of households within a 5 mile radius are renters with an average household income of over $93,000.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBPD10

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate

Fireplaces Type None

Laundry None

Exterior

Parking Features None

Pool None

Community Features Urban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Building

Lot Description Rectangular Lot

Story 2

Foundation Raised

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

CRMLS – RECore
Listed by Anthony Walker Buckingham Investments, Inc 310-561-4776
Bought with Kristen Mussenden Buckingham Investments, Inc

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agent

Andrea Hamacher

REALTOR®, CREN, SFR, e-Pro | License ID: 01858698

+1(760) 522-3355

Name
Phone*
Message
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