FOR SALE
Listed by Kevin King, Marcus & Millichap, (562) 257-1200
2930 E 5th St
Long Beach, CA 90814
Rose Park
17 Beds
9 Baths
6,702 sqft
- 17 Beds
- 9 Baths
- 6,702 sqft
17 Beds
9 Baths
6,702 sqft
Local Information
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Description
We are pleased to present an eight unit multifamily asset located at 2930 E 5th Street in Long Beach, California. Built in 1963, the subject property consists of 6,702 rentable square feet spread throughout a 0.15 acre lot. The building consists of seven 2-Bedroom / 1- Bathroom units and one 3- Bedroom/ 2-Bathroom unit. Owners enjoy the high demand for rentals in a coastal city of Southern California. Located just off the retro row corridor of 4th street, 2930 E 5th is considered a "walker's paradise" with a "walk score" of 91, ideal for tenants who can easily get to restaurants, shopping, entertainment, and schools by foot. Tenants are also easily able to commute to large employment centers like Downtown Long Beach and CSULB, both just a few miles away. In addition, all of the eight units have been extensively renovated, including, but not limited to, new flooring, new cabinets, new fixtures, new electrical subpanels, and new paint. Those units are achieving top of market rents, demonstrating the viabilty of this asset in a prime Belmont Heights location. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a great location with strong current income that will provide a stable return.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
$515
Listed
51 days ago
Home Details for 2930 E 5th St
Interior Features |
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Beds & Baths Number of Bedrooms: 17Number of Bathrooms: 9 |
Appliances & Utilities Laundry: Common Area |
Windows, Doors, Floors & Walls Common Walls: 2+ Common Walls |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: Side of Building |
Exterior Features |
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Exterior Home Features No Private Pool |
Parking & Garage Number of Garage Spaces: 4Number of Covered Spaces: 4Has a GarageParking Spaces: 4Parking: Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer, Septic Type Unknown |
Surface & Elevation Elevation Units: Feet |
Days on Market |
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Days on Market: 51 |
Property Information |
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Year Built Year Built: 1963 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 7257008012 |
Price & Status |
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Price List Price: $3,450,000Price Per Sqft: $515 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Long Beach |
Agent Information |
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Listing Agent Listing ID: PW24047730 |
Building |
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Building Area Building Area: 6702 Square Feet |
Community |
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Community Features: Curbs, Sidewalks, Street LightsNot Senior Community |
HOA |
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Association for this Listing: California Regional MLS |
Lot Information |
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Lot Area: 6534 sqft |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 2Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Rental |
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No Rent Control |
Miscellaneous |
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Mls Number: PW24047730Attribution Contact: kking@marcusmillichap.com |
Additional Information |
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CurbsSidewalksStreet Lights |
Last check for updates: about 22 hours ago
Listing Provided by: Kevin King DRE #01158184
Marcus & Millichap
Ryan Gonzalez DRE #01874815
Marcus & Millichap
Originating MLS: California Regional MLS
Source: CRMLS, MLS#PW24047730
Price History for 2930 E 5th St
| Date | Price | Event | Source |
|---|---|---|---|
| 03/08/2024 | $3,450,000 | Listed For Sale | CRMLS #PW24047730 |
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Comparable Sales for 2930 E 5th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.20 | Multi-Family Home | $2,250,000 | 05/16/23 | 14 | 8 | 6,040 | |
0.11 | Multi-Family Home | $1,570,000 | 10/26/23 | 8 | 7 | 4,596 | |
0.32 | Multi-Family Home | $3,419,000 | 06/15/23 | 14 | 13 | 8,206 | |
0.51 | Multi-Family Home | $2,700,000 | 02/14/24 | 15 | 8 | 8,364 | |
0.60 | Multi-Family Home | $2,200,000 | 06/07/23 | 13 | 8 | 6,852 | |
0.48 | Multi-Family Home | $1,970,000 | 05/17/23 | 8 | 9 | 4,500 | |
0.02 | Multi-Family Home | $1,700,000 | 04/01/24 | 5 | 4 | 2,496 | |
0.44 | Multi-Family Home | $1,485,000 | 06/23/23 | 9 | 5 | 4,158 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Rose Park
- Jo E
- Resident
- 3mo ago
"It’s dirty really dirty with trash and dog droppings everywhere. I don’t feel safe and plan to move from here soon"
- Siouxja
- Resident
- 3y ago
"Tai-chi classes Yoga classes Easter egg hunt Annual picnic Christmas tree-lighting Sight of the famous Blue Grass festival"
- Unspecified
- Resident
- 4y ago
"Very dog friendly area. But some dog owners don’t pick up their waste. But that’s pretty much every place with a high dog population."
- Charlie.rodas
- Resident
- 4y ago
"There are a lot of dogs in the area but a few owners are always keeping their dogs off leashes. As a parent with little ones this can be unnerving when overly excited dogs come running towards my kids. Even with much reassurance, I would be much more comfortable with a leash"
- Martinique B.
- Resident
- 4y ago
"The diversity & peacefulness of our community is one of the main reasons why Rose Park is a wonderful place to call home"
- Ben S.
- Resident
- 4y ago
"not a bad commute but it's always impossible to find parking. people double park like crazy landlords don't care and the city has no plans to address it"
- Trulia User
- Resident
- 4y ago
"Not a lot of families in the neighborhood. Great to party and bar hop easy access to the bike and great bike paths. "
- Hector C.
- Resident
- 4y ago
"bad area to live a lot of crimes happen here I've gotten 2 cars stolen and 1 broken in to and there is never parking in the streets "
- Brooke R.
- Resident
- 4y ago
"I don’t have children but all the kids seem to do well in school and have fun there is a school just down the street and a high school a mile farther"
- Rodriguez a.
- Visitor
- 5y ago
"I don’t see that many people walking their dogs here. Seems like everyone goes to the dog park. I don’t hear any dogs barking in this block "
- Dramos0510
- Resident
- 5y ago
"I enjoy the Christmas holiday and the decorated houses, seeing the kids play and events at Rose Park"
- Colbertrandy02
- Resident
- 5y ago
"public transportation is how i get around so that i can work another job on a daily that way i can afford my car and apt"
- Patricepigram
- Resident
- 5y ago
"The near by walk-in shops,bars and restaurants makes it unique from must neighborhoods. This neighborhood you can shop for groceries, house whole items as well as clothing you can get your hair and nails done all in walking distance "
- James B.
- Prev. Resident
- 5y ago
"Like the rest of Long Beach outrageous rent . Mostly nice people. Lotsa millenials. close to 4th Street ."
- Colbertrandy02
- Resident
- 5y ago
"it's close to the beach and it's really plush with trees I like the fact that this nice area is still available and affordable kind of "
- Kalikid2020
- Resident
- 5y ago
"Great people, great food, and great shops. Retro Row, the Art Theater...no other place like it. I live on 4th street and absolutely love it, I can’t imagine living anywhere else."
- Lambertadouki22
- Resident
- 5y ago
"I have lived here for about 8 months now and there is always noise from outside , from cars to accidents , but there isn’t much parking Especially during the week when people are home and how could I forget the accidents ! There are so many ..."
- Felix A.
- 10y ago
"For me, Rose Park neighborhood embodies the best of Long Beach, beautifully restored homes, close to the beach, and Downtown LB, and great neighbors. "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Kevin King, Marcus & Millichap
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. 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
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. 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
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.