CA > Long Beach
Long Beach, CA 90803,5290 E Division Street
Long Beach, CA 90803,5290 E Division Street
Long Beach, CA 90803,5290 E Division Street
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Listed by AJ Nay • AJ Nay, Broker
$2,150,000
Est. payment /mo
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2,712 SqFt
Pending

5290 E Division Street Long Beach, CA 90803

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Max Manatt

Max Manatt

+1(925) 980-3375

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 2,712 sqft

Price per Sqft $792

MLS Listing ID CRPW25090414

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1952

Lot Size 3,485 Sqft

Property Sub-Type Other

Property Description

Income and expense are using projected market rents and put property operating at projected 5.48% Cap and 12.4X Gross (Estimated current 4.34% and 14.4X). Located in the affluent community of Belmont Shore, a Southern California beach community and “college town” being just a few minutes from CSU Long Beach. Both buildings (also for sale with 102 Argonne 10U for $2,750,000) are meticulously cared for, and both have been upgraded with copper plumbing, electrical breakers, and most unit interiors have been upgraded. The investment provides the opportunity to increase your return by increasing the rents to market and separate metering the building utilities, therefore, providing immediate lower overhead/increased cash flow and continued added value in the future with rising utility costs being transferred to the tenants. Laundry is leased and managed by a 3rd party offering further income upside by canceling the contract and installing your own machines. Some units may be rented at amounts different than current income rent roll. Insurance rates may not be current rate for new owner, so buyer must get own insurance quotes including flood insurance if needed. Street parking only.

Location

State CA

County Los Angeles

Interior

Cooling None

Fireplace No

Laundry Other

Building

Lot Description Corner Lot

Water Public

Bay East AOR and Contra Costa AOR
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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agent

Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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