5729 California Ave
Long Beach, CA 90805

Bd   — Ba   2,985 Sqft
Rare 7 unit property in low density residential area of N/Long Beach w/ mixed use, nice SFR's & duplexes primarily. There is a Neighborhood Market adjacent to our property but it faces South Street and the Market has no rear parking or rear entrance (see photos), which actually provides a certain amount of privacy. Beautiful mixed-use building directly across street. This is a Prime Investment Opportunity for the smart investor willing to professionally manage and maintain the buildings. Lots of upside potential to this 7-unit property with creative land-use improvements to the existing open areas which will increase tenant living enjoyment and increase the rental value of this exceptional multi-family investment opportunity. Property consist of a detached 2bed SFR in front with mid-yard separating it from two separate 2-story apartment buildings. Left building has 4 partially furnished Studio units & right building has 2 Studio Apt. Tax says 1bedrms but only bedrooms are in frony house. There's a small court yard in between the two rear buildings as well. The parking area is deep & wide and with painted angled parking lot striping it could easily accommodate more cars for off street parking. Run the numbers and make an offer!
  • Neighborhood: Lindbergh
  • Days on Movoto: 81
  • Year Built: 1928
  • HOA:
  • $/Sqft: $213
  • Lot: 5,566 Sqft
  • Property Type: Multi Family
  • MLS#: RS15037803
  • MLS:
  • Listing Office: Keller Williams Whittier
  • Listed By: Manny Fonseca
  • Movoto last checked CRMLS for new data 3 hours ago
  • CRMLS last updated this listing 1 year ago
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Property History

Status
Date
Price
Price Change
Aug 11, 2016
$850,000
Listed
Mar 14, 2016
$825,800
#DW16054514
Sold
May 14, 2015
$635,000
Listed
Feb 22, 2015
$660,000
#RS15037803

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YOU
ARE
HERE
5729 California Ave
  • $635,000
  • Sold

    81 days

  • — Bd
  • — Ba
  • 2,985 Sqft
  • $213/Sqft
  • 5,566 Sqft Lot
  • Built 1928
As of today, there are 58 properties listed for sale in ZIP code 90805 and 388 properties listed for sale in the city of Long Beach, CA. This property at 5729 California Ave in 90805 was last listed for $635,000. This is 22% above the current $519,000 median price for Long Beach and 46% above the median of $435,000 for 90805. Of the 388 properties for sale in Long Beach, 233 are single family homes and 155 are condos. 5729 California Ave is a multi family home that is approximately 2,985 square feet, 130% above the Long Beach median of 1,297 and 162% above the 90805 ZIP code median of 1,138. The price per Sqft was $213 which is 45% below the current median price in 90805 of $388 and 50% below the Long Beach median of $424 per square foot.
Built in 1928, this multi family house at 5729 California Ave, Long Beach CA, 90805 is approximately 2,985 square feet and comes with 3 parking spots. It was last listed with a cost per Sqft of $213. 5729 California Ave is located in the Lindbergh neighborhood in the Long Beach Unified School District. The closest school is Lindbergh Middle School.

5729 California Ave, Long Beach CA, 90805 was on the market for 81 days. The median days on the market for properties in this area is 33 with a median list price of $519,000 and median cost per square foot of $424. Its current status is sold under the MLS #RS15037803.

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