Long Beach Apartment Building
5120-5132 E Livingston Dr Long Beach, CA 90803
5120-5132 E Livingston Dr, Long Beach, CA, 90803
$12,200,000
For Sale
$12,200,000
26-unit apartment complex at 5120 Livingstone Drive in the highly sought-after Belmont Shore rental submarket of Long Beach.
Property Size16,874 SF
Lot Size0.37 Acres
Price / SF$723.01
Days on Market551
Property Features for 5120-5132 E Livingston Dr
General Information
- Standard status
- Active
- Property type
- Multifamily properties, Other investment properties, Residential income homes, Residential income properties, Investment properties
- Size
- 16,874 SF
- Class
- C
- Elevators
- N/A
- Lot size
- 0.37 Acres
Building Details
- Year Built
- 1943
- Stories
- 2
- Units
- 26
Listing agency
(310) 774-3740
Listed by
Robert
(310) 774-3740
Added: Jan 16, 2025 Updated: Mar 16 at 9:06AM
Investment Insights
Based on property information with market context.
Located in the desirable Belmont Shore neighborhood of Long Beach, this 26-unit apartment complex offers a prime investment opportunity. The property, situated on an oversized 0.37-acre lot, features 16,874 square feet of living space. Each of the 26 units is a one-bedroom, one-bathroom apartment that has been recently remodeled with modern kitchens and bathrooms. Residents can enjoy a spacious common courtyard equipped with BBQ and dining facilities. A significant feature of the property is the inclusion of 13 private garages, providing ample parking. Recent capital improvements include upgraded electrical panels and a completed seismic retrofit. The location provides convenient access to the beach, Naples Island, the shops and restaurants of 2nd Street, and Alamitos Bay. The property presents a turn-key investment opportunity in a sought-after area.
Key Highlights
- Attractive Assumable Financing – 2.97% Until at 60% LTV until 2030
- Prime Belmont Shore Location
- All Units Remodeled with Modern Kitchens and Bathrooms
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $546.7k | $32.40 |
| − Vacancy | −$28.4k | −$1.68 |
| EGI | $518.3k | $30.72 |
| − OpEx | −$155.5k | −$9.21 |
| NOI | $362.8k | $21.50 |
16,874 SF · lease $32.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$5.18M
$4.54M – $6.05M
NOI $362,802 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$4.61M
$4.03M – $5.38M
NOI $322,690 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$9.03M
$7.90M – $10.54M
NOI $632,399 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - 26-unit apartment complex at 5120 Livingstone Drive in the highly sought-after Belmont Shore rental submarket of Long Beach.
Where is this multifamily property located?
The property is located at 5120-5132 E Livingston Dr Long Beach, CA.
What is the asking price?
The asking price for this property is $12,200,000.
What are key features of this property?
This property features: Attractive Assumable Financing – 2.97% Until at 60% LTV until 2030; Prime Belmont Shore Location; All Units Remodeled with Modern Kitchens and Bathrooms
