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1001 E 5th Street #5 $1,850,000

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    1001 E 5th Street #5 Long Beach, CA 90802

    • 0 Beds
    • 0 Baths
    • 3,544 sq. ft.
    • Multi-Family
    • MLS# CV22135829
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    Views: 3 Days On Market: 38

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    Property Details

    Long Beach will get to host seven Olympic events in 2028, when the Summer Games land in Los Angeles as announced by the Los Angeles Times. Spanish Colonial Coastal Hacienda meets booming Downtown Long Beach in this wonderful 5 unit Income property. Prime location next to all the downtown projects as total Long Beach development exceeded $3.5 billion. This classical California design is reminiscent of a hacienda compound featuring much desired outdoor common space and is attractive to prospective tenants who yearns for a beach city with a mix of metropolitan lifestyle. Gated access to the front and rear of the property as well as direct garage access to the secured area makes this a property a rare commodity. Property is equipped with solar, allows landlord to maximize rents as electricity is included. Completely remodeled, all units have AC installed with permits. All units rewired, new plumbing, New windows, all kitchens and bathrooms completely remodeled. 4 garages. Biking distance to the Alamitos beach adjacent to Downtown Long Beach where the city host major events such as, F1 Grand Prix of Long Beach, X Games, World Surf League's pro Longboard Tour as well as music festivals and outdoor concerts. In preparation of the summer 2028 Olympics, the city is building a new aquatic center on the beach called the Belmont Beach and Aquatic Center. This establishes a new focal point for the Long Beach aquatic competition community. Facilities include two 50-meter competition pools, recreational and teaching pools, therapeutic whirlpools, diving platforms, springboards and deep water wells, spectator seating and support spaces. Outdoors, a park, walk-up restaurant and landscaped plazas issue an open invitation to beachgoers and community members, and take full advantage of the Center's Southern California setting.

    • General Features
      • Association Fee 0.00
      • Buyer Compensation 2.500 %
      • Community Features Suburban
      • County Or Parish Los Angeles
      • Number Of Buildings 2
      • Number Of Separate Electric Meters 5
      • Number Of Separate Gas Meters 5
      • Number Of Separate Water Meters 5
      • Number Of Units Total 5
      • Subdivision Name Alamitos Beach (AB)
      • YearBuilt 1929
    • Building Features
      • Cooling Electric
      • Heating See Remarks
      • Laundry Features Common Area
      • Levels Two
    • Property Features
      • Lot Size Acres 0.14
      • Pool Private Y/N 0
      • Pool Features None
      • Parking Total 4.00

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    Neighborhood

    90802 (Long Beach) Demographics

    36 Median Age
    2,621 Population Density (per sq. mile)
    49% College Educated
    $60,939 Estimated Median Income
    4,148 Estimated Total Home Owners
    16,693 Estimated Total Renters
    20% / 80% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    39,165 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $443,000 Median Sales Price
    26 Homes Sold
    57 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,850,000
        7/22/2022 10:31:34 AM Price Reduced Source: Multiple Listing Service New Value: $1,850,000 -2.63%
        7/22/2022 10:31:34 AM Status Changed Source: Multiple Listing Service New Value: Active
        7/8/2022 10:31:36 AM Status Changed Source: Multiple Listing Service New Value: Pending
        6/22/2022 2:04:00 PM New in Database Source: Multiple Listing Service New Value: $1,899,999

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        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 8/13/2022 9:22:41 PM. 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.