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Listed by Juan Huizar, DRE #01417642 • Sage Real Estate Group, Inc.
$ 3,395,000
Est. payment /mo
New
5529 Dairy Long Beach, CA 90805
5,433 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26176341
Style Traditional
Year Built 1964
Lot Size 5,433 Sqft
Source California Regional MLS
Property Description
Fully renovated 10-unit apartment community offering a turnkey investment opportunity at an attractive 7% cap rate. The property underwent a comprehensive, permitted renovation down to the studs, including a new roof, electrical, plumbing, HVAC, windows, individual water heaters, and modernized interiors throughout. The unit mix consists of (5) 1-bed/1-bath and (5) 2-bed/1-bath units, including three newly constructed ADUs. Separate gas and electric meters and individual water heaters help minimize operating expenses. The majority of the units are master leased to a single organization, providing consistent income, reduced vacancy exposure, and streamlined management. Conveniently located in North Long Beach with access to major employment centers, transportation, and surrounding coastal communities.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Rooms
Kitchen Microwave, Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Heating Wall Furnace
Laundry Laundry Area
Exterior
Parking Features No Parking
Pool 31, None
View None
Roof Type Flat / Low Pitch
Building
Foundation Concrete Slab
Water District - Public
Architectural Style Traditional
Others
Tax ID 7126025019
Special Listing Condition Not Applicable
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