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  • Price$5,250,000
  • Sq. Ft.4,983
  • Acres0.09
  • Built1947

5465 E 2nd Street, Long Beach

We are pleased to present an attractive 23 unit apartment building located in the beautiful area of Naples Island in Long Beach, CA. The subject property is situated less than one block from the ocean and walking distance to restaurants, shops, entertainment and retail stores on 2nd Street. This property contains (22) Studio / one-bathroom units and (1) one-bedroom /one bathroom unit. Built in 1947, the subject property was completely renovated inside and out in 2016. Exterior upgrades includes new windows, paint, full replacement of iron railings, wood structure upgrades, recent termite fumigation and redesign of all stonework. The property uses Solar Panels to drastically reduce the overall utility cost to the owner. Paid utilities are highly sought after on the rental market. Having a solar panel installation allows the building to offer all utilities paid as an incentive and a marketing differentiator while continuing to maintain lower than market utility costs. Interior upgrades include stone-counter tops, cabinetry, hardwood floors and new appliances. Nearby restaurants include Michael's, Chianina Steakhouse, Roe Seafood, Nico's, Riley's and Brix at the Shore. The location is very bikeable as biking is convenient for most trips.

Essential Information

  • MLS® #PW17157433
  • Price$5,250,000
  • Square Footage4,983
  • Acres0.09
  • Year Built1947
  • TypeResidential Income
  • StatusActive

Interior

  • AppliancesNone
  • # of Stories2
  • StoriesTwo

Additional Information

  • Date ListedJuly 11th, 2017
  • Days on Market69
  • ZoningLBR2S

Community Information

  • Address5465 E 2nd Street
  • AreaBelmont Shore/Park,Naples,Marina Pac,Bay Hrbr
  • SubdivisionNaples (NA)
  • CityLong Beach
  • CountyLos Angeles
  • StateCA
  • Zip Code90803

Exterior

  • Lot Description21-25 Units/Acre

Listing Details

  • Listing AgentKevin King(01158184)
  • Listing OfficeMarcus & Millichap
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Based on information from California Regional Multiple Listing Service, Inc. as of September 24th, 2017 at 12:15pm PDT. 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.