5729 California Ave
Long Beach, CA 90805

Bd   — Ba   2,985 Sqft
Rare 7 unit property in low density residential area of North Long Beach, 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. Property is under section 8 and other government rent subsidiaries. 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: 4
  • Year Built: 1928
  • HOA:
  • $/Sqft: $285
  • Lot: 5,560 Sqft
  • Property Type: Multi Family
  • MLS#: PW17089171
  • MLS:
  • Listing Office: Keller Williams Pacific Estate
  • Listed By: Alex Figueroa
  • Movoto last checked CRMLS for new data 7 hours ago
  • CRMLS last updated this listing 2 days ago

Home Features

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Property History

Apr 24, 2017
Price Change
Aug 11, 2016
Mar 14, 2016
May 14, 2015
Feb 22, 2015

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As of today, there are 45 properties listed for sale in ZIP code 90805 and 397 properties listed for sale in the city of Long Beach, CA. This property at 5729 California Ave in 90805 is currently listed for $849,900. This is 42% above the $599,000 median price for Long Beach and 100% above the 90805 median of $425,000. Of the 397 properties for sale in Long Beach, 254 are single family homes and 143 are condos. 5729 California Ave is a multi family home that is approximately 2,985 square feet, 113% above the Long Beach median of 1,400 and 174% above the 90805 ZIP code median of 1,089. The price per square foot is $285, which is 27% below the median price in 90805 of $388 and 36% below the Long Beach median of $444 per Sqft.
Built in 1928, this multi family house at 5729 California Ave is approximately 2,985 square feet and does not come with a parking spot. It is listed on 04/24/2017 with a cost per Sqft of $285. 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 has been on the market for 4 days. The median days on the market for properties in this area is 31 with a median list price of $599,000 and median cost per square foot of $444. It's currently listed as active under the MLS #PW17089171.

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