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Long Beach, CA 90805 5423 Dairy Avenue

$1,388,000

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Presented By: Ricardo Parada with Berkshire Hathaway HomeServices California Properties; 626-826-9247
  • MLS# TR23130001
  • 07/18/2023
  • Request Tour
  • Request Info
  • BedBeds • 6
  • BathBaths • 6
  • FootageSQFT • 3,008
  • GarageGarage • 4

Home Details

Featuring 6 one bedroom, 4 units with garage with 1 space each. there is a bonus room "studio" with 1 bdrm. 1 bth. and a kitchen, in addition to the 6 Units. This property offers an investor the opportunity to re-position through renovation and increased rents. The landlord provides the water. Located in the dynamic 90805 zip code this property will benefit for many years from the development that will create local jobs. The Market Capitalization Rate, based on market rents, exceeds 7 per cent.
Presented By: Ricardo Parada with Berkshire Hathaway HomeServices California Properties; 626-826-9247

Interior Features for 5423 Dairy Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 5423 Dairy Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesUrban
CountyLos Angeles
Days on Market194
DirectionsE/710 Fwy S/91 Fwy
Electric Expense660.0
Entry LocationStreet
Expected Active Date 2023-07-20
Garage Spaces4.0
Garage Y/NYes
Gross Income0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense2764.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashtoNewLoan, Item1031Exchange
Lot Size Square Feet5654.0
MLS Area7 - North Long Beach
MobileHomeRemainsYNNo
Net Operating Income110912.0
New ConstructionNo
Number of Units Leased6
Operating Expense3424.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameDairy
Tax Lot39
Total Units6
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1929
Year Built SourceAssessor
ZoningLBCMR

Exterior for 5423 Dairy Avenue

Building Area Total3008.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.1298
Lot Size Area5654.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings3
Number of Separate Electric Meters7
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,388,000
MLS#TR23130001
List Date 07/18/2023
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors