4024 E 5th Street
Long Beach, CA 90814
- – beds
- – baths
- – sqft
- 6,770 sqft lot
- 1924 build
- – on site
Unlock the potential of this Spanish-style duplex, ideally situated in the highly desirable Belmont Heights Historic Neighborhood. This investment property combines timeless architectural appeal with immediate income-generating potential, making it a standout addition to any portfolio. Both units are currently tenant-occupied with rents at or near market value, providing steady income from day one. The property has been freshly painted, ensuring low maintenance costs and strong tenant retention. A newly constructed deck enhances the property's appeal, offering additional outdoor living space. Adding to the property's allure is its expansive lot, complete with mature orange trees that not only enhance the landscape but also offer an extra selling point for future tenants. The sizable lot presents a unique opportunity for further development, including the addition of ADUs (Accessory Dwelling Units), allowing you to maximize rental income and significantly increase property value (buyer to verify with City of Long Beach). Looking ahead, the upcoming 2028 Olympic Games in Long Beach presents a unique advantage for investors. With Long Beach set to host several Olympic events, the area is expected to see a surge in demand for short-term and long-term rentals, driving potential increases in rental income and property value. This duplex offers the perfect opportunity to capitalize on the increased attention and influx of visitors to the area, making it an even more attractive investment.This property is not just a piece of real estate; it’s a strategic investment in one of Long Beach's most storied neighborhoods. Whether you’re looking to expand your portfolio or capitalize on the growing demand for quality rental properties, this duplex offers both immediate returns and long-term appreciation potential. Seize this rare opportunity to invest in Belmont Heights—where historic charm meets modern profitability!
Last checked:
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Last updated Nov 7, 2024
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MLS# PW24167619 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1924
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Year Built Source:Public Records
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New Construction:No
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Architectural Style:Spanish
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Entry Level:1
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Common Walls:No Common Walls
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Building Area Total:2040.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:2
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Stories Total:2
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# of Separate Gas Meters:2
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# of Separate Water Meters:2
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# of Separate Electric Meters:2
Interior
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Levels:Two
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Entry Location:Ground Level
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Fireplace:No
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Fireplace:None
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Laundry:Dryer Included, Individual Room, Washer Included
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Laundry:1
Financial & Terms
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Disclosures:Principal Is RE Licensed, Rent Control
Location
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Directions:5th and Termino
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Latitude:33.77233300
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Longitude:-118.14521600
The Property
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Property Type:Residential Income
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Subtype:Duplex
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Lot Features:Rectangular Lot, Zero Lot Line
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Lot Size Area:6770.0000
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Lot Size Acres:0.1554
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Lot Size SqFt:6770.00
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Lot Size Source:Public Records
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Exclusions:Tenants personal property.
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:ANDER
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Tax Lot:4
The Listing
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Special Listing Conditions:Trust
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Parcel Number:7255019008
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Belmont Heights (BH)
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Subdivision:Belmont Heights (BH)
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Senior Community:No
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Features:Curbs, Sidewalks, Storm Drains, Street Lights
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Pool:None
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Private Pool:No
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Inclusions:Seller owned appliances.
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Association:No
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Assessments:Yes
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Assessments:Buyer to Verify
Parking
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Parking:Yes
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Parking:Garage, Uncovered
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Parking Spaces:5.00
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Garage Spaces:2.00
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Uncovered Spaces:3.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/20/24
Sep 20, 2024
|
Listed / Active | CRMLS_CA | $1,325,000 | |
|
8/24/24
Aug 24, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $1,325,000 | |
|
8/15/24
Aug 15, 2024
|
Listed / Active | CRMLS_CA | $1,325,000 |
