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5465 E 2nd Street, Long Beach, CA 90803

$5,250,000
Multi Family MLS# PW17157433 ID: 46401980
$5,250,000 Get Rates

We are pleased to present an attractive 23 unit apartment building located in the beautiful area of Naples Island in Long Beach, CA. The subject property is situated less than one block from the ocean and walking distance to restaurants, shops, entertainment and retail stores on 2nd Street. This property contains (22) Studio / one-bathroom units and (1) one-bedroom /one bathroom unit. Built in 1947, the subject property was completely renovated inside and out in 2016. Exterior upgrades includes new windows, paint, full replacement of iron railings, wood structure upgrades, recent termite fumigation and redesign of all stonework. The property uses Solar Panels to drastically reduce the overall utility cost to the owner. Paid utilities are highly sought after on the rental market. Having a solar panel installation allows the building to offer all utilities paid as an incentive and a marketing differentiator while continuing to maintain lower than market utility costs. Interior upgrades include stone-counter tops, cabinetry, hardwood floors and new appliances. Nearby restaurants include Michael's, Chianina Steakhouse, Roe Seafood, Nico's, Riley's and Brix at the Shore. The location is very bikeable as biking is convenient for most trips.

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Location Information near 5465 E 2nd Street
Offered by Kevin King at Marcus & Millichap

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Property Features for 5465 E 2nd Street
Status
Market Status
Available
Last Updated
August 17, 2017
Description
Property Type
Multi Family
Year Built
1947
Stories
2.0

Community Info

  • Home Owner Asso.: Sidewalks

Location

  • MLS Area: 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
  • Kevin King
  • Marcus & Millichap

Data Provided by:
California Regional Multiple Listing Service

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More information about this $5,250,000 Multi Family at 5465 E 2nd Street

This $5,250,000 Multi Family at 5465 E 2nd Street in Long Beach, CA is presented by Kevin King. This $5,250,000 Multi Family, located in the 90803 zip code, has the following property features: MLS Area, Home Owner Asso.. This 5465 E 2nd Street Multi Family, located in Los Angeles County , is listed under MLS listing number PW17157433 and has a listing price of $5,250,000. You can find more LONG BEACH homes for sale here.