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4244 E 5th St, Long Beach, CA 90814

  • $5,390,000

    •

  • 20

    bed

  • 22

    bath

  • 10,438

    Sqft ($516/Sqft)

Multi-family pending
Movoto is helping 68 homebuyers near you

About 4244 E 5th St

Property type Multi-family
Neighborhood
Year built 1972
HOA fee $0/month
Lot size 0.3 Acre
Movoto estimate
Parking 9 garage spaces
Property description
This investment property is located in the coastal community of Belmont Heights, one the city's most desirable locations minutes to the beach and proximate to Belmont Shore and Naples Island. An aesthetic pride-of-ownership asset with attractive landscaping and street surroundings. All units have been upgraded with built-in stoves, microwaves and refrigerators. All units have fireplaces except the two singles. Parking consists of 9 garages and 16 spaces. The building has all-copper plumbing, new electric panels, a new security-camera system, and a recently painted exterior. The entry courtyard has just been refurbished. PRICE REDUCED, with a 6.06 cap rate.
Listed by
Listing Agent - Albert Morell
Listing Office - WRE SoCal, Inc.
Source: The MLS mls logo
MLS#25592845 • last updated 2 months ago
Movoto checked The MLS for data 8 minutes ago
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Overview
Levels/Style Two
MLS # 25592845
Type Residential Income
Status Pending
SqFt 10438
Lot Size (SqFt) 13086
Lot Size (Acres) 0.3004
Year Built 1972
Interior
Total # of Baths 22
Total # of Bedrooms 20
Laundry Own
Appliances Free Standing Electric, Gas/Electric Range, Oven-Electric, Microwave
Windows Awning, Drapes/Curtains, Garden Window
Exterior
# Garage Spaces 9
# Parking Spaces 25
Parking Desc Parking Space, Garage Is Detached, Garage - 1 Car
# Covered Parking Spaces 9
Patio Patio Open
Add'l Structures None
Amenities / Utilities
Sprinklers Sprinkler System
Sewer/ Septic In Street
Water Heater Gas, Water Heater Unit
Equipment Dishwasher, Microwave, Ceiling Fan, Garbage Disposal
Pool None
Location
County Los Angeles
Zoning LBR4R
APN 7255-037-027
Multifamily Details
Tenant Pays Electricity, Gas, Cable TV, Move In Fee
Unit 3: Furnished No
Unit 1: Furnished No
Unit 3: Projected Rent 1750
Unit 1: Projected Rent 2995
Unit 1: # Beds 2
Unit 1: Rent 2795
Unit 2: Rent 1995
Unit 3: Rent 1595
Owner Pays Gardener, Water
Unit 2: Furnished No
Unit 2: Projected Rent 2295
Unit 2: # Beds 1
Unit 2: # Baths 1
Unit 3: # Baths 1
Unit 1: # Baths 1.5
Unit 2: Actual Rent 16114
Unit 3: Actual Rent 3090
Unit Type 2106, 2107, 2108
Unit 1: Actual Rent 15930
Total # Of Buildings 1
Net Operating Income 326554
Laundry Income 5400
Cap Rate 6.06
Vacancy Rate 3%
Gross Income 446808
Gross Operating Income 432822
Gross Rent Multiplier 12
Total Annual Expenses 120254
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9/10
Fremont Elementary School
public Grades K-5
Long Beach Unified School District
7/10
Rogers Middle School
public Grades 6-8
Long Beach Unified School District
6/10
Wilson High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Belmont Heights

Explore everything this neighborhood has to offer. Learn more about Belmont Heights.
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70/100
Walk
61/100
Family
89/100
Dining
96/100
Pet
  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90814
  • Belmont Heights
  • 4244 E 5th St

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