5290 E Division Street
Long Beach, CA 90803
- – beds
- – baths
- – sqft
- 3,485 sqft lot
- 1952 build
- – on site
Income and expense are using projected market rents and put property operating at projected 5.48% Cap and 12.4X Gross (Estimated current 4.34% and 14.4X). Located in the affluent community of Belmont Shore, a Southern California beach community and “college town” being just a few minutes from CSU Long Beach. Both buildings (also for sale with 102 Argonne 10U for $2,750,000) are meticulously cared for, and both have been upgraded with copper plumbing, electrical breakers, and most unit interiors have been upgraded. The investment provides the opportunity to increase your return by increasing the rents to market and separate metering the building utilities, therefore, providing immediate lower overhead/increased cash flow and continued added value in the future with rising utility costs being transferred to the tenants. Laundry is leased and managed by a 3rd party offering further income upside by canceling the contract and installing your own machines. Some units may be rented at amounts different than current income rent roll. Insurance rates may not be current rate for new owner, so buyer must get own insurance quotes including flood insurance if needed. Street parking only.
Last checked:
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Last updated May 3, 2025
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MLS# PW25090414 —
The Building
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Year Built:1952
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:2712.00
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Building Area Units:Square Feet
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Total Number Of Units:8
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# of Buildings:2
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:1
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# of Separate Water Meters:1
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# of Separate Electric Meters:1
Interior
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Levels:Two
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Entry Location:street
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Laundry:Common Area
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Laundry:1
Financial & Terms
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Disclosures:Coastal Commission Restrictions, Coastal Zone, Flood Insurance Required
Location
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Directions:2nd Street, Turn east on Glendora, Right on 1st St will be on right at Division Street
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Latitude:33.75751700
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Longitude:-118.13409000
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:LBR2S
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Lot Features:Corner Lot
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Lot Size Area:3485.0000
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Lot Size Acres:0.0800
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Lot Size SqFt:3485.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:37
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Tax Census Tract:5773.00
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Tax Tract:3885
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Tax Lot:2
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7247011015
Heating & Cooling
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Cooling:No
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Cooling:None
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Belmont Shore (BSD)
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Subdivision:Belmont Shore (BSD)
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Features:Sidewalks
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
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Assessments:None
Parking
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Parking:No
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Parking:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/2/25
May 2, 2025
|
Sold Subject To Contingencies | CRMLS_CA | $2,150,000 | |
4/28/25
Apr 28, 2025
|
Listed / Active | CRMLS_CA | $2,150,000 |