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Assumable Loan @ 2.97% Until 2030 5120-5132 E Livingston Dr 26 Unit Apartment Building $16,822,946 CAD ($647,036 CAD/Unit) 3.76% Cap Rate Long Beach, CA 90803
INVESTMENT HIGHLIGHTS
- Assumable Loan at 2.97% Until 2030
- All Units Remodeled with Modern Kitchens and Baths
- Oversized Lot with 13 Garages
- Prime Belmont Shore Location
- Updated Electrical Panels; Seismic Retrofitting Completed
EXECUTIVE SUMMARY
Livingston Place is a 26-unit apartment complex located at 5120 Livingstone Drive in the highly sought-after Belmont Shore rental submarket of Long Beach.
Attractive assumable financing is available at 2.97% with 60% LTV through 2030.
The property consists of all 1-bedroom, 1-bathroom units in varying sizes, all remodeled with modern kitchens and bathrooms. A spacious and inviting common courtyard enhances the living experience, featuring BBQ and dining facilities. Additionally, the oversized lot includes 13 private garages, adding convenience and value for residents.
Recent capital improvements include upgraded electrical panels and completed seismic retrofitting.
Situated in the heart of Belmont Shore, Livingston Place offers a prime location just steps from the beach and within close proximity to Naples Island, the vibrant shopping and dining scene of 2nd Street, and the picturesque Alamitos Bay.
Attractive assumable financing is available at 2.97% with 60% LTV through 2030.
The property consists of all 1-bedroom, 1-bathroom units in varying sizes, all remodeled with modern kitchens and bathrooms. A spacious and inviting common courtyard enhances the living experience, featuring BBQ and dining facilities. Additionally, the oversized lot includes 13 private garages, adding convenience and value for residents.
Recent capital improvements include upgraded electrical panels and completed seismic retrofitting.
Situated in the heart of Belmont Shore, Livingston Place offers a prime location just steps from the beach and within close proximity to Naples Island, the vibrant shopping and dining scene of 2nd Street, and the picturesque Alamitos Bay.
PROPERTY FACTS
| Price | $16,822,946 CAD | Apartment Style | Garden |
| Price Per Unit | $647,036 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.37 AC |
| Cap Rate | 3.76% | Building Size | 16,874 SF |
| Gross Rent Multiplier | 15.72 | No. Stories | 2 |
| No. Units | 26 | Year Built | 1943 |
| Property Type | Multifamily | Parking Ratio | 0.77/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4 - restricted Density Multiple Dwelling | ||
| Price | $16,822,946 CAD |
| Price Per Unit | $647,036 CAD |
| Sale Type | Investment |
| Cap Rate | 3.76% |
| Gross Rent Multiplier | 15.72 |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 16,874 SF |
| No. Stories | 2 |
| Year Built | 1943 |
| Parking Ratio | 0.77/1,000 SF |
| Zoning | R4 - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Kitchen
- Oven
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 26 | - | 750 |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 7249-012-005 | Improvements Assessment | $5,452,778 CAD |
| Land Assessment | $8,018,792 CAD | Total Assessment | $13,471,570 CAD |
PROPERTY TAXES
Parcel Number
7249-012-005
Land Assessment
$8,018,792 CAD
Improvements Assessment
$5,452,778 CAD
Total Assessment
$13,471,570 CAD
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Assumable Loan @ 2.97% Until 2030 | 5120-5132 E Livingston Dr
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