2400 E 5th Street, Long Beach, CA 90814

$1,124,023
3,112
SqFt
Sold Price
$1,124,023
List Price
$1,300,000
Closing Date
Mar 11, 2020
Status
CLOSED
MLS#
PW19273432
Year Built
1923
Living Sq. Ft
3,112
Lot Size
6,520
Acres
0.1497
Lot Location
Back Yard, Front Yard, Near Public Transit
Days on Market
47
Property Type
Multifamily
Style
Bungalow, Craftsman
Stories
Two Level
Neighborhood
Eastside (Es)

Property Description

FIRST TIME ON MARKET SINCE 1984!! PERFECT PROPERTY FOR INVESTOR TO LIVE IN FRONT HOUSE AND HAVE INCOME FROM THE THREE UNITS IN REAR. FRONT HOUSE IS A CRAFTSMAN STYLE 2BR HOME WITH LARGE LIVING AND FORMAL DINING ROOM AREA, HARDWOOD FLOORS, AND FIREPLACE. SEPARATE BREAKFAST ROOM OR OFFICE. PRIVATE LAUNDRY ROOM. SMALL DECK AND YARD OFF BACK OF HOUSE. OFF STREET PARKING WILL ACCOMMODATE AT LEAST THREE CARS. REAR TRIPLEX CONSISTS OF THREE-1BR UNITS, COMMUNITY LAUNDRY ROOM AND STORAGE AREA. THREE SINGLE CAR GARAGES ON THE ALLEY AND ONE PARKING SPACE. UPSIDE POTENTIAL ON THE RENTS. THIS PROPERTY IS LOCATED IN THE RETRO FOURTH STREET CORRIDOR AREA WITH LOTS OF RESTAURANTS, SHOPS, AND COFFEE HOUSES. CLOSE TO BUS LINES, ELEMENTARY SCHOOL, AND DOWNTOWN AREA. ONLY FIVE BLOCKS TO THE BEACH.

Additional Information

Tract Number
00000
Lot Description
Curbs, Sidewalks, Storm Drains, Street Lights
Appliances
Gas Range
Pool Description
None
Heat
Wall Furnace, Natural Gas
Cooling Description
None
View
Neighborhood
Roof
Composition, Flat
Garage Spaces Total
3
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$60,000
Operating Expense
26156

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of James Webb from Skyline Properties

Listing sold by Charles Chang from CMC Realty & Lending