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  • Status:Active
  • Square Foot:4,983
  • Lot Size:0.00 Acres
  • Community:Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
  • Zip Code:90803
  • Property Type:Residential Income
  • List Date:Tue, Jul 11 2017

Property Description

We are pleased to present an attractive 23 unit apartment building located in the beautiful area of Naples Island in Long Beach, CA. The subject property is situated less than one block from the ocean and walking distance to restaurants, shops, entertainment and retail stores on 2nd Street. This property contains (22) Studio / one-bathroom units and (1) one-bedroom /one bathroom unit. Built in 1947, the subject property was completely renovated inside and out in 2016. Exterior upgrades includes new windows, paint, full replacement of iron railings, wood structure upgrades, recent termite fumigation and redesign of all stonework. The property uses Solar Panels to drastically reduce the overall utility cost to the owner. Paid utilities are highly sought after on the rental market. Having a solar panel installation allows the building to offer all utilities paid as an incentive and a marketing differentiator while continuing to maintain lower than market utility costs. Interior upgrades include stone-counter tops, cabinetry, hardwood floors and new appliances. Nearby restaurants include Michael's, Chianina Steakhouse, Roe Seafood, Nico's, Riley's and Brix at the Shore. The location is very bikeable as biking is convenient for most trips.

Property Details

Essential Information

  • MLS #PW17157433
  • Price$5,170,000
  • Square Footage4,983
  • Acres0.00
  • Year Built1947
  • TypeResidential Income
  • StatusActive


  • AppliancesNone
  • # of Stories2
  • StoriesTwo

Additional Information

  • StoriesTwo

Community Information

  • Address5465 E 2nd Street
  • AreaBelmont Shore/Park,Naples,Marina Pac,Bay Hrbr
  • SubdivisionNaples
  • CityLong Beach
  • CountyLos Angeles
  • StateCA
  • Zip Code90803


  • Lot Description21-25 Units/Acre

Listing Details

  • Listing AgentKevin King
  • Listing OfficeMarcus & Millichap

Price & Status History

Date Details Price Change
Price Reduced (from $5,250,000) $5,170,000 $80,000 (1.52%)

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