5120-5132 E Livingston Dr Long Beach, CA 90803

This exceptional 26-unit apartment complex, boasting 16,874 square feet, is situated at 5120-5132 E Livingston Dr, Long Beach, CA 90803, in the highly desirable Belmont Shore neighborhood. All units are one-bedroom, one-bathroom apartments, each recently remodeled with modern kitchens and bathrooms. Residents enjoy a spacious common courtyard complete with BBQ and dining facilities, perfect for socializing. The property also features a significant advantage: 13 private garages on an oversized 0.37-acre lot, providing ample parking for residents. Recent capital improvements include upgraded electrical panels and a completed seismic retrofit, ensuring both functionality and safety. Attractive assumable financing is available at a 2.97% interest rate with a 60% loan-to-value ratio, extending through 2030. This presents a unique opportunity for investors. The property's prime location offers easy access to the beach, Naples Island, the vibrant shops and restaurants of 2nd Street, and the scenic Alamitos Bay. This is a turn-key investment opportunity in a highly sought-after area, promising strong rental income and potential for appreciation. The property is priced at $12,200,000.