Property Details
About this Property
Unlock the potential of this Spanish-style duplex, ideally situated in the highly desirable Belmont Heights Historic Neighborhood. This investment property combines timeless architectural appeal with immediate income-generating potential, making it a standout addition to any portfolio. Both units are currently tenant-occupied with rents at or near market value, providing steady income from day one. The property has been freshly painted, ensuring low maintenance costs and strong tenant retention. A newly constructed deck enhances the property's appeal, offering additional outdoor living space. Adding to the property's allure is its expansive lot, complete with mature orange trees that not only enhance the landscape but also offer an extra selling point for future tenants. The sizable lot presents a unique opportunity for further development, including the addition of ADUs (Accessory Dwelling Units), allowing you to maximize rental income and significantly increase property value (buyer to verify with City of Long Beach). Looking ahead, the upcoming 2028 Olympic Games in Long Beach presents a unique advantage for investors. With Long Beach set to host several Olympic events, the area is expected to see a surge in demand for short-term and long-term rentals, driving potential increa
MLS Listing Information
MLS #
CRPW24167619
MLS Source
California Regional MLS
Days on Site
208
Interior Features
Appliances
Dryer, Washer
Cooling
None
Heating
Wall Furnace
Exterior Features
Pool
None
Style
Spanish
Parking, School, and Other Information
Garage/Parking
Garage, Garage: 2 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 2 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
4024 E 5th Street is a Duplex in Long Beach, CA 90814. This – square foot property sits on a 6,770 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,325,000 and was built in 1924. This address can also be written as 4024 E 5th Street, Long Beach, CA 90814.
©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of November 05, 2024. For the most current information, please contact Sarah Sees Smith, (562) 453-7788
