531 W 5th Street | Los Angeles | State of California | Prices, Plans, Availability

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531 W 5th Street

USD 1,250,000

Property ID: NP24025759

531 W 5th Street ,90802

7518 SqFt

Built in 1905

USD 166/SqFt

0 Bed

0 Full

Location Street View

Direction

Interior Details

Bedrooms

Bathrooms

Interior Size

3344

Construction Details

Property Type --

Property Condition --

Architectural Style --

New Construction --

Year Built 1905

Detailed Introduction Of This Home

531 W 5th Street is a 7-unit apartment complex located in Los Angeles County’s rapidly growing Long Beach Market. Consisting of (1) detached 3 bedroom/ 1 bath home and (6) Studios with full kitchens and large baths. The property features 4 newly constructed garages with three storage units and (1) 2 car garage. Offering an investor the opportunity to acquire a true value-add asset with over 54% in rental upside. All tenants are on month-to-month leases. Access to commuting freeways and core job markets continues to make this location irreplaceable. A future investor will enjoy long-term upside with this asset, due to a continued shortage of apartment housing and lack of affordability in single-family homes in Southern California.

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