5465 E 2nd Street Long Beach, CA 90803

$5,050,000
5465 E 2nd Street, Long Beach, CA 90803
Call 1-800-839-1363
PW17157433

Single Family Home for sale in Long Beach, CA

for $5,050,000. This home was built in 1947 on a lot size of 3999.00 Sqft..

Property Information

  • $5,050,000
  • Single Family
  • Active
  • Lot size of 3999.00 Sqft.
  • Built in 1947
  • Long Beach, CA
  • Naples Neighborhood
  • Los Angeles County
  • MLS/Web ID is PW17157433

Description

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.

Interior 1

Water Source

  • Public Water

Exterior 1

Land Improvements

  • Curbs
  • Sidewalks

† Excluded Feature

Listed By

Broker: MARCUS & MILLICHAP

5465 E 2nd Street, Long Beach, CA, 90803 is a Single Family Home for sale at $5,050,000 with a lot size of 3999.00 Sqft.. 5465 E 2nd Street has 0.0 baths and was built in 1947. The property's zip code is 90803 which is in Long Beach, CA

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Market Pricing

Average % of sale price Median % of sale price
All listings in Long Beach $1,019,672 80 % below $750,000 85 % below
Single family listings in Long Beach $1,135,661 78 % below $858,500 83 % below

Get the facts about Long Beach, CA!

Population 472,821
Population Growth (since 2000) 2 %
Median Income $55,472
Median Age 34.78
Households w/ Children 31 %

Residential Dwellings

  • Owned 69941
  • Vacant 11388
  • Rented 97481

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