5290 E Division Street

Long Beach, CA 90803

  • 0 Bed(s)
  • 0 Bath(s)
  • 2,712 Sqft
  • 3485
    Sqft(Lot)
$2,150,000

Description

Income and expense are using projected market rents and put property operating at projected 5.48% cap and 12.4x gross (estimated current 4.34% and 14.4x). located in the affluent community of belmont shore, a southern california beach community and “college town” being just a few minutes from csu long beach. both buildings (also for sale with 102 argonne 10u for $2,750,000) are meticulously cared for, and both have been upgraded with copper plumbing, electrical breakers, and most unit interiors have been upgraded. the investment provides the opportunity to increase your return by increasing the rents to market and separate metering the building utilities, therefore, providing immediate lower overhead/increased cash flow and continued added value in the future with rising utility costs being transferred to the tenants. laundry is leased and managed by a 3rd party offering further income upside by canceling the contract and installing your own machines. some units may be rented at amounts different than current income rent roll. insurance rates may not be current rate for new owner, so buyer must get own insurance quotes including flood insurance if needed. street parking only.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49540577

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Cooling Features

    • None
    • Air Conditioning

  • Building Information

    • Year Built: 1952
    • Building Area Total: 2,712

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.08
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 3485

  • Listing Price Information

    • Original List Price: 2,150,000
    • Listing Contract Date: 2025-04-26

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7247011015

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: None

  • Other Property Info

    • Source Listing Status: Active Under Contract
    • Source Neighborhood: 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
    • Postal Code Plus 4: 3330
    • Directions: 2nd Street, Turn east on Glendora, Right on 1st St will be on right at Division Street
    • Zoning: LBR2S
    • Source Property Type: Residential Income
    • Area: 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 73
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: street
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 05/05/2025 @ 02:06

  • MLS: PW25090414
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 2,712 sqft, 3,485 sized lot, and 0 parking. are nearby neighborhoods.