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5111-5119 Long Beach Ave 5 Unit Apartment Building $1,175,000 ($235,000/Unit) Los Angeles, CA 90058
Investment Highlights
- Mixed-use asset featuring four residential apartments and one commercial unit.
- Commercial unit currently vacant, creating upside potential for owner-user or investor lease opportunity.
- Located directly across from the Metro A Line (Blue Line), providing easy access to Downtown LA.
- Situated within a dense urban area with ongoing redevelopment and strong tenant demand.
Executive Summary
This a great 4 unit residential apartment building with an addition 5th commercial unit that can be used as retail, office or warehouse. There is plenty of upside on the potential rents. This property is directly across the Metro A Line (Blue) that connects to Downtown LA. The commercial unit is currently vacant for an owner user looking to collect additional income from the 4 residential units or for an investor that would lease the unit for approximately $3,000 a month.
Property Facts
Amenities
Unit Amenities
- Kitchen
Site Amenities
- On-Site Retail
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,191 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5106-026-032 | Improvements Assessment | $318,362 |
| Land Assessment | $721,621 | Total Assessment | $1,039,983 |
Property Taxes
Parcel Number
5106-026-032
Land Assessment
$721,621
Improvements Assessment
$318,362
Total Assessment
$1,039,983
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5111-5119 Long Beach Ave
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