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5729 California Avenue
Long Beach, CA 90805
Sold
5729 California Avenue
Long Beach, CA 90805
Sold
5729 California Avenue is a seven-unit property located in North Long Beach. The property is comprised of six (6) studio units and a detached, remodeled 2BD/1BA house. The house was completely renovated as of 2022. The property is priced at 11.96 x gross and 5.18 cap rate on current rents. A new owner has the opportunity to increase rents and achieve 10.60 x gross and 6.17% cap rate. Additional income generating opportunities for a new owner include renting out storage spaces and surface parking spots on the property. Each building has its own electric meter, and a new owner could implement RUBS to further bring down operating expenditures.
PROPERTY INFORMATION
| MLS # | PW23047866 | Lot Size | 5,566 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Commercial/Residential |
| Price | $ 1,475,000
Price Per SqFt: $ 494 |
DOM | 777 Days |
| Address | 5729 California Avenue | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 2,985 Sq. Ft. |
| Postal Code | 90805 | Garage | N/A |
| County | Los Angeles | Year Built | 1928 |
| Bed / Bath | 2 / 0 | Parking | 4 |
| Built In | 1928 | Status | Closed |
| Sold Date | 2023-08-02 |
INTERIOR FEATURES
| Has Laundry | No |
| Laundry Information | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,573
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/02/2023 | Sold | $1,450,000 |
| 07/28/2023 | Pending | $1,475,000 |
| 06/28/2023 | Active Under Contract | $1,475,000 |
| 03/23/2023 | Listed | $1,475,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Robert Stepp, Keller Williams - Santa Monica. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
