5805 E 2nd St, Long Beach, CA 90803

5805 E 2nd St, Long Beach, CA 90803

Long Beach, CA

Property Description

Here’s your chance to own a duplex on Naples Island, one of Long Beach’s most sought after beachside destinations! Located in the vicinity of all that Naples and Belmont Shore have to offer including Mother’s Beach (two blocks), Alamitos Bay Marina, yacht clubs, fine dining, and shopping along the popular 2nd Street and at the newly developed 2nd & PCH market place. Each unit contains 2 bedrooms and 1 bath, has hardwood floors, and has been upgraded and lovingly maintained by one owner for 35 years. The larger rear town and the house-style unit are currently available and perfect for an owner-user to move into or an investor looking to rent the unit at market rate. The ground floor living room with french doors opens to a secluded patio with tropical plants that’s perfect for outdoor entertaining. The large kitchen and dining area features custom cabinets and granite countertops. The oversized 2 car garage features a built-in workbench, storage area, and a second washer and dryer. The 2 bedroom, 1 bath front unit also has an updated kitchen and bath, with granite countertops, as well as its own in-unit washer and dryer. Other property upgrades include termite fumigation and complete high-quality exterior paint job in 2019, copper plumbing, and upgraded electrical service/complete rewiring of both units. Don’t miss this opportunity to own a piece of Naples Island!

Property Features

  • Sale Price: $1,150,000
  • Area Size: 1,763 SF
  • Land Area: 3,600 SF
  • Year Built: 1947
  • Listing Date: 8/24/2020
  • Closing Date: 10/30/2020
  • Units: 2
  • Current GRM: 20.68
  • Current Cap Rate: 2.85%
  • Price Per Unit: $575,000
  • Market GRM: 17.78
  • Market Cap Rate: 2.85%
  • Current NOI: $32,736

Lyon Stahl Investment Real Estate

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