Long Beach, CA 90802,1052 East 5th Street
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Long Beach, CA 90802,1052 East 5th Street
Long Beach, CA 90802,1052 East 5th Street
Long Beach, CA 90802,1052 East 5th Street
Long Beach, CA 90802,1052 East 5th Street
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Cris Epstein

Cris Epstein

Engel & Völkers

+1(818) 269-4377
Listed by Jeff Anderson • eXp Realty of California Inc
$ 1,600,000
Est. payment /mo
Active

1052 East 5th Street Long Beach, CA 90802

10 Beds

5 Baths

3,421 SqFt


UPDATED:

12/09/2024 08:17 PM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,421 sqft

Price per Sqft $467

Subdivision Alamitos Beach

MLS Listing ID PW-24189803

Bedrooms 10

Full Baths 5

Year Built 1923

Lot Size 8,922 Sqft

Property Description

Welcome to 1052 East 5th Street, a North Alamitos Beach Bungalow Court with 4 detached homes that are expertly sited around a lushly landscaped central courtyard. The detached separation of each home creates significant privacy and tranquility for each of its residents. With ample outdoor space, every occupant of this enviable compound can enjoy additional exterior square footage that will expand their living space. Located only 5 short blocks away from the ocean, rarely do investment properties deliver such a unique and high-demand unit mix in such a fabulous location. The Front Bungalow offers 3 bedrooms, 1 bathroom, washer and dryer, private front porch and direct access to the backyard - Bungalow A offers 3 bedrooms, 2 bathrooms, including a primary bedroom suite with attached bathroom, grassy front yard and washer and dryer - Bungalow B offers 2 bedrooms, 1 bathroom and vaulted ceilings - Bungalow C offers 2 bedrooms, 1 bathroom, front porch, washer and dryer and historic architectural details. This heritage investment property has been thoroughly upgraded and its current steward has spent over $200,000 in updates complete with modern kitchens, contemporary bathrooms and numerous systems upgrades. Parking concerns are alleviated with substantial off-street parking that generate additional monthly income of $180 per month. The magic of this property is undeniable and has resulted in long-term stable tenants that display clear pride in their homes. The largest home, Bungalow A is now vacant, it can be re-rented or would be ideal for an owner occupant! Local area investment has been impressive with a newly built 6-unit building next door, street infrastructure improvements on adjacent Cerritos Ave and an extensive list of improvements occurring at the Franklin Classical Middle School. With simple access to Retro Row, the Broadway Corridor, Bixby Park, Bluff Park and the Paths along the Pacific Ocean, the magnitude of this location is undeniable. With its dynamic unit mix, numerous contemporary upgrades, supreme layout, magical outdoor space and prime location, this investment property presents a rare opportunity to attain a crown jewel.

Location

State CA

County Los Angeles

Interior

Cooling None

Fireplaces Type None

Laundry Inside

Exterior

Parking Features Driveway

Pool None

Community Features Sidewalks

View Y/N Yes

Building

Lot Description Near Public Transit

Sewer Public Sewer


Cris Epstein

Advisor | License ID: 01385089

+1(818) 269-4377

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1052 East 5th Street