Property Details
About this Property
Income and expense are using projected market rents and put property operating at projected 5.48% Cap and 12.4X Gross (Estimated current 4.34% and 14.4X). Located in the affluent community of Belmont Shore, a Southern California beach community and “college town” being just a few minutes from CSU Long Beach. Both buildings (also for sale with 102 Argonne 10U for $2,750,000) are meticulously cared for, and both have been upgraded with copper plumbing, and most unit interiors have been upgraded. The investment provides the opportunity to increase your return by increasing the rents to market and separate metering the building utilities, therefore, providing immediate lower overhead/increased cash flow and continued added value in the future with rising utility costs being transferred to the tenants. Laundry is leased and managed by a 3rd party offering further income upside by canceling the contract and installing your own machines. Some units may be rented at amounts different than current income rent roll. Insurance rates may not be current rate for new owner, so buyer must get own insurance quotes including flood insurance if needed. Street parking only.
MLS Listing Information
MLS #
CRPW25090414
MLS Source
California Regional MLS
Interior Features
Cooling
None
Parking, School, and Other Information
Garage/Parking
No Parking, Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
5290 E Division St is a Residential Income in Long Beach, CA 90803. This – square foot property sits on a 3,485 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,000,000 and was built in 1952. This address can also be written as 5290 E Division St, Long Beach, CA 90803.
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This listing information is up-to-date as of August 14, 2025. For the most current information, please contact AJ Nay, (305) 433-3300
