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5401 E Anaheim Rd, Long Beach, CA 90815
0 Beds
0 Baths
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5401 E. Anaheim Road is a truly rare investment opportunity located in Park Estates, a quiet, upscale residential area, and one of Long Beach's most prestigious neighborhoods. Primarily comprised of custom-built single family homes on tree-lined streets, the median home price in this suburban enclave is over $1.2 million. This asset is one of the largest apartment buildings in Park Estates. While almost all of the two-bedroom units (21 of 22) have been completely remodeled, offering bright, open, modern interiors, the property's exterior and community spaces provide an opportunity for repositioning to take this singular asset to the next level. The property's superior location and unit mix can be enhanced by modernizing and expanding the scope and uses of common area spaces to make a stronger impression on prospective tenants and realize higher rents. Located in Park Estates, one of Long Beach's most prestigious neighborhoods. A quiet, upscale residential area made up of primarily custom-built single family homes on tree-lined streets, the median home price in this suburban enclave is over $1.2 million. This asset is one of the largest apartment buildings in Park Estates.
  • Price:
  • $10,150,000
  • Acreage:
  • 0.38
  • Year Built:
  • 1987
  • Listing ID #:
  • PW19284534
  • Street Address:
  • 5401 E Anaheim Rd
  • City:
  • Long Beach
  • State:
  • California
  • Postal Code:
  • 90815
  • County:
  • Los Angeles
  • Community:
  • Park Estates
  • Subdivision:
  • Park Estates (pe)
  • Listing Status:
  • Active
  • Number Of Floors In Unit:
  • Two
  • Number Of Units:
  • 22
  • Stories:
  • 2
  • Total # Of Buildings:
  • 2
  • Year Built:
  • 1987
  • Year Built Source:
  • Assessor
  • Annual Electric Expenses:
  • 3025.00
  • Annual Insurance Expenses:
  • 8690.00
  • Annual Maintenance Expenses:
  • 12100.00
  • Annual Trash Expenses:
  • 3025.00
  • Annual Water/Sewer Expenses:
  • 3025.00
  • Expenses:
  • 192529.00
  • Gross Income:
  • 594112.00
  • Net Operating Income:
  • 401583.00
  • Operating Expense:
  • 192529.00
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Lbr4r
  • Lot Features:
  • 21-25 Units/Acre
  • Lot Square Footage:
  • 16708.00
  • Community Features:
  • Sidewalks, Urban
  • Days On Market:
  • 35
  • Price Per Square Foot:
  • 467.23
  • Laundry:
  • 1
  • Laundry Description:
  • Individual Room
  • Parking Description:
  • Subterranean
  • Parking Spaces:
  • 44.00
  • Existing Water:
  • Public
  • Sewage Type:
  • Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Robert Stepp of Keller Williams Pacific Estate
  • CRMLS

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