2930 E 5th St, Long Beach, CA 90814
Marcus & Millichap is pleased to present an 8 unit apartment building 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 8 units with 2-Bedroom / 1-Bathroom. Owners enjoy the high demand for rentals in a coastal city of Southern California.
Tenants are easily able to commute to large employment center Downtown Long Beach and students are able to bike ride to CSULB college campus.
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 $495 million Long Beach Courthouse was recently completed and opened in September 2013. 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 true rental upside and stable return.
Marcus & Millichap is pleased to present an 8 unit apartment building 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 8 units with 2-Bedroom / 1-Bathroom. Owners enjoy the high demand for rentals in a coastal city of Southern California.
Tenants are easily able to commute to large employment center Downtown Long Beach and students are able to bike ride to CSULB college campus.
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 $495 million Long Beach Courthouse was recently completed and opened in September 2013. 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 true rental upside and stable return.
