737 E 5th St

East Village submarket of Downtown Long Beach, one block from the Pacific coastline with strong connectivity to Los Angeles and Orange County.Lee & Associates is pleased to present a very well maintained 14-unit apartment in a fantastic East Village location. The building was built in 1964 and features 4 one-bedroom units, 4 two-bedroom/one bath units, and 6 two-bedroom/two bath units. Current ownership has taken extremely good care of this buildings and over the years has replumbed the building, upgraded the electrical, installed new windows, installed a new roof and in general created a turnkey asset for a new investor. The current rents are slightly below market allowing a new owner to raise rents without turnover. Separately metered for Gas & Electricity.