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$1,325,000
91 Days On Site

4024 E 5th Street
Long Beach, CA 90814

For Sale|Duplex|Active
0
Beds
0
Full Baths
0
Partial Baths
2,040
SqFt
$650
/SqFt
1924
Built
Subdivision:
Belmont Heights (BH)
County:
Los Angeles
Listed by Sarah Sees Smith of Seven Gables Real Estate [email protected]

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4024 E 5th Street4024 E 5th Street4024 E 5th Street4024 E 5th Street
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Monthly Payment (Est.)

$6,045
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

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 increases in rental income and property value. This duplex offers the perfect opportunity to capitalize on the increased attention and influx of visitors to the area, making it an even more attractive investment.This property is not just a piece of real estate; it’s a strategic investment in one of Long Beach's most storied neighborhoods. Whether you’re looking to expand your portfolio or capitalize on the growing demand for quality rental properties, this duplex offers both immediate returns and long-term appreciation potential. Seize this rare opportunity to invest in Belmont Heights—where historic charm meets modern profitability!

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Listing Snapshot
Price 
$1,325,000
Days On Site 
91 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,040 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1554 Acres
Year Built 
1924
MLS® Number 
PW24167619
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoStatus changed to Active
a week agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Acres 
0.1554
Contingency 
Seller to do a 1031 exchange at no extra cost to the buyer.
Disclosures 
Principal is Real Estate LicensedRent Control
Garage 
Yes
Garage Spaces 
2
Number Of Stories 
2
Parking 
Garage
Parking Spaces 
5
Property Sub Type 
Duplex
Sewer 
Public Sewer
SqFt Total 
2040
Stories 
Two
Style 
Spanish
Water Source 
Public
Interior Features
Appliances 
DryerWasher
Fireplace Features 
None
Heating 
Wall Furnace
Laundry Features 
Laundry Room
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Exterior Features
Lot Features 
Rectangular LotZero Lot Line
Pool Features 
None
Community Features
Building Access 
Ground Level
Community Features 
CurbsStreet LightsSidewalks
Financing Terms Available 
1031 Exchange
MLS Area 
2 - Belmont Heights, Alamitos Heights


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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