2449 E 5Th St, Long Beach, CA 90814
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2449 E 5Th St Long Beach, CA 90814

$2,750,000
  • 13 Beds
  • 11 Baths
  • 6,834 Sq.Ft.
For Sale
$2,750,000 Get Pre-Qualified

Map preview of 2449 E 5Th St, Long Beach, CA 90814

Property Overview: 2449 E 5Th St Long Beach, CA has 13 bedrooms, 11 bathrooms, 6,834 living square feet and 6,507 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Prime Eastside, all electric apt bldg. 11 units with 2-(2 Br), 9-(1 Br), 6-(Garages). First time for sale in 40+ years. Part of a portfolio can be purchased separately or together with other buildings this owner owns. Rents are low creating an add-on value. Close to 4th St. Retro-row in a low vacancy rental area. Located in Rose Park South historic district (see supplements)

Listed by Mark Kachigan | BRE #00644779 | Pabst, Kinney & Associates
Last checked: 9 minutes ago | Last updated: May 30th, 2024 | Source CRMLS | DOM: 28
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Home details

Lot Sq. Ft
6,507
HOA Dues
$0/mo
Year built
1963
Garage
6 Car
Property Type:
Apartment
Status
Active
MLS#
PW24107791
City
Long Beach
County
Los Angeles
Time on Site
27 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
  • # of Electric Meters: 12
  • # of Gas Meters: 0
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $12,100
  • Total Rent: $12,100
  • Pro Forma/Market Rent: $16,200
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,400
  • Total Rent: $3,400
  • Pro Forma/Market Rent: $4,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.5
  • Gross Scheduled Income: $190,200
  • Net Operating Income: $119,925
  • Gross Operating Income: $184,500
  • Vacancy Allowance: $5,700
  • # of Rented Garages: 6
Annual Expense Breakdown
  • Total Operating Expense: $64,575
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $819
  • Trash: $0
  • Gardener: $1,500
  • Insurance: $4,720
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $10,021
  • Other Expense Description: Utility

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Property Details for 2449 E 5Th St

Interior Features
Heating Information
  • Has Heating
  • Electric
Laundry Information
  • Has Laundry
  • Community, Electric Dryer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Garage Faces Front, Garage Faces Rear
Lot Information
  • Lot Features: Level with Street, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 11
  • Parcel Number: 7263021029
  • Year Built Source: Assessor
  • Architectural Style: Modern
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is Attached
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: South of 7th St. , East of Junipero
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Dog Park, Sidewalks
View more facts & features

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Sale History for 2449 E 5Th St

Last sold on July 18th, 2016
  • May, 2024

  • May 29, 2024

    Date

    Active

    CRMLS: PW24107791

    $2,750,000

    Price

  • July, 2016

  • Jul 18, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2449 E 5Th St

Assessed Value (2020): $739,327
Year Land Value Improved Value Assessed Value
2020 $168,588 $570,739 $739,327

Home Value Compared to the Market

This property vs the competition

2449 E 5Th St is listed 244.18% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $646 and this home is listed at $402.4 per/sqft which puts the price per square foot 37.71% lower than the median price per square foot for the city of Long Beach.

About 2449 E 5Th St

Detailed summary of property

2449 E 5Th St is a apartment located in Long Beach, CA 90814 and is currently for sale. This apartment offers 13 bedrooms, 11 bathrooms, roughly 6,834 living square feet, and sits on an approximately 6,507 square foot lot. 2449 E 5Th St was first listed on ArdentRealEstateGroup.com on May 29, 2024. The homeowner is currently asking $2,750,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 244.18% higher than the median priced home. Local competing homes currently for sale include 830 Roswell Ave, 116 Bennett Ave and 208 Granada Ave. While the average home in Long Beach, CA is selling in 53 days, 2449 E 5Th St has a days on market of 28 days. There are currently 704 homes for sale in the Long Beach real estate market and 385 of them are single family homes while 296 of them are condos and 23 are townhomes. For more information on this home for sale at 2449 E 5Th St Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2449 E 5Th St

Public county record property details
Beds
13
Baths
12
Year built
1963
Sq. Ft.
6,834
Lot Size
6,507
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
7263-021-029

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$626
Median Sold Price
$857,705
Median Sold Price/Sq.Ft.
$590
Total Inventory
44
Median Sale to List Price %
111.75%
Avg Days on Market
61
Loan Type
Conventional (38.46%), FHA (0%), VA (0%), Cash (15.38%), Other (46.15%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.